Chart Of Gas Prices Over The Last 5 Years
Gas prices have been a major concern for the past few years. Many people try to plan their budgets accordingly, but it is difficult to know when prices will spike. This article will explore the chart of gas prices over the last 5 years, providing insight into the trends and fluctuations.
2016
In 2016, the average gas price was $2.14 per gallon. Gas prices started to increase in the spring and continued to rise through the summer months. This was due to a combination of factors, including increased demand during the summer travel season and a refinery outage in California. By November, gas prices had dropped to around $2.10 per gallon.
2017
In 2017, gas prices started off relatively low, with an average of $2.28 per gallon in January. However, prices began to rise in February and continued to climb throughout the spring and summer months. By September, the average price of gas had reached $2.64 per gallon, due to the impact of Hurricane Harvey on the oil industry. Prices began to drop in October and continued to decline throughout the rest of the year, reaching an average of $2.43 per gallon in December.
2018
2018 saw a steady increase in gas prices, starting at an average of $2.49 per gallon in January and ending at $2.70 per gallon in December. Prices spiked in the summer months, with an average of $2.97 per gallon in May, due to increased demand during the vacation season. Prices began to decline in October and continued to drop through the end of the year.
2019
In 2019, gas prices started off relatively low, with an average of $2.25 per gallon in January. Prices remained relatively stable through the spring and early summer months, with an average of $2.66 per gallon in June. Prices began to decline in July and continued to drop throughout the rest of the year, reaching an average of $2.55 per gallon in December.
2020
2020 saw a significant drop in gas prices due to the COVID-19 pandemic. Prices started off at an average of $2.57 per gallon in January and dropped to an average of $1.81 per gallon in April. Prices began to rise again in May and continued to climb throughout the summer months, reaching an average of $2.19 per gallon in September. Prices began to decline again in October and continued to drop through the end of the year.
Conclusion
The chart of gas prices over the last 5 years shows that prices can fluctuate significantly due to a variety of factors, including supply and demand, refinery outages, and natural disasters. While it is difficult to predict when prices will rise or fall, it is important to be aware of the trends and plan accordingly. By monitoring gas prices and adjusting budgets accordingly, individuals can better manage their expenses and save money in the long run.