A 103-Year History of Gas Prices in the U.S. #infographic

 

A 103-Year History of Gas Prices in the U.S. #infographic

How have gas prices improved over the years in America? A lot of people are now talking about high gas prices, but when you look at historical inflation-adjusted prices, it's easy to see that today's prices are not as bad as we think they are. The 103-Year Analysis of Gas Prices chart from PartsGeek.com looks at the retail price of a gallon of gas every year since 1918 and adjustments inflation rates to see when gas in the United States was actually the most expensive.

It might be shocking to hear that the most costly year for gas was back in 1918, after inflation adjustment! Even if the real cost was just $0.25, the price will be $4.27 today. Compare that to a gallon of gas's retail price in 2020, which was $2.26 as of August.

The price of gas can be influenced by many factors, including oil prices, conflicts, and economic recessions. Although it is unclear how the price of gas is going to change in the future, it is apparent that anything is possible.

A 103-Year History of Gas Prices in the U.S. #infographic

infographic by: www.partsgeek.com

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