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The chart shows a 75-year history of annual United States natural gas production and average wellhead prices from 1930 through 2005. Prices paid by consumers were increased above those levels by processing and distribution costs.
American drivers had it rough back in 1981. The average price of gasoline spiked to $1.353 a gallon that year — up from $1.221 in 1980 and more than double the price just three years earlier.
A History of High Gas Prices: Quick Take. Older drivers will remember a time when $5-a-gallon, ... Adjusted for inflation, the average price of gas in 1981 would have equaled $2.42 a gallon in 2020.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Net annual natural gas imports (imports minus exports) to the United States, 1975-2013. Data from US Energy Information Administration website.
The national average for gas prices is $3.54 per gallon as of March 2024, but the final price you pay might be drastically higher — or lower — depending on the state that you live in. For ...
The highest recorded average price of regular gas was in June 2022 at $5.06 per gallon. Drivers in California currently pay the most for gas at an average of $5.39 per gallon. Hawaii follows close ...
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