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By May 25, the national average price per gallon had risen to $4.60. That was already $0.43 cents higher than the record that had been broken two months earlier, and there was no relief in sight.
That was in the early spring of 2021, and as roads, skies and factories came back to life, the price per gallon jumped from $2.41 in February to $2.90 in May to $3.17 in August to $3.35 in December.
The national gas average on Friday sat at $3.53 per gallon, nearly $0.10 higher than a year ago. Picture taken March 10, 2022. (REUTERS / Reuters)
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
I don’t expect a repeat of last summer’s price surge to $5 per gallon.” A pump is seen at a gas station in Manhattan, New York City, U.S., August 11, 2022. REUTERS/Andrew Kelly (Andrew Kelly ...
For example, from May 2022 to June 2022 the average cost of gas increased by $0.88 per gallon. Data below from the U.S. Energy Administration show fuel costs from 2011 to 2023. Average price per ...
(The Center Square) – The national average price of gasoline in the U.S. has fallen below $3 per gallon, just in time for those traveling for Christmas. Motorists across the country will most ...
The price per gallon never topped 90 cents in the closing years of the ’80s — about $2.40 today. A decade later in 1996-97, prices peaked at $1.23, which is almost exactly the same in 2022 ...