Although gas prices hit new highs in 2022, that wasn’t the first time gas numbers have spiked. A look back at the average national gas price in previous decades can provide some context. So can observing how state regulations affect the price of gas in your area.
Keep reading to learn more about historical gas prices.
Historical data courtesy of Axlewise. Prices are adjusted for inflation and shown in 2020 dollars.
Image Credit: JaysonPhotography/istockphoto.
2022
$3.99
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2021
$3.13
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2020
$2.24
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2019
$2.26
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2018
$2.25
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2017
$2.26
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2015
$2.30
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2014
$2.29
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2013
$2.30
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2012
$2.30
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2011
$2.30
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2010
$2.31
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2009
$2.31
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2008
$2.32
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2007
$2.33
Image Credit: Uladzimir Zuyeu/istockphoto.
2005
$2.33
Image Credit: Uladzimir Zuyeu/istockphoto.
2004
$2.34
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2003
$2.35
Image Credit: Uladzimir Zuyeu/istockphoto.
2002
$2.41
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2001
$2.40
Image Credit: Volodymyr Shtun/istockphoto.
2000
$2.36
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1999
$2.37
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1998
$2.36
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1997
$2.37
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1996
$2.36
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1995
$2.35
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1994
$2.32
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1992
$2.30
Image Credit: Yanukit Raiva/istockphoto.
1991
$2.34
Image Credit: Yanukit Raiva/istockphoto.
1990
$2.34
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1989
$2.33
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1988
$2.33
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1987
$2.32
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1986
$2.35
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1985
$2.35
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1984
$2.38
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1983
$2.39
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1982
$2.42
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1981
$2.42
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1980
$2.43
Image Credit: Arkhom Aintaphan/istockphoto.
1979
$2.44
Image Credit: Gorica Poturak/istockphoto.
1978
$2.44
Image Credit: Viktoriia Fokina/istockphoto.
The Takeaway
Gas prices go up and down in response to a variety of global and domestic factors. But there are a few ways to source the best deals on gas and stay within your budget, including apps and membership-only retailers.
This article originally appeared on SoFi.com and was syndicated by MediaFeed.org.
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