I remember paying like $1.50/gallon of gas during the height of the pandemic when the supply greatly outpaced the demand. That sure doesn’t jive with that graph.![]()
It was probably too small of a blip in 2020 to move the average enough.
But we should consider ourselves lucky: the average price of gas in 1980 was $1.19. Adjusted for inflation, that'd be $4.90 today!
Just be glad your truck doesn't run on eggs right now...lol