Gas Prices Over The Last 10 Years Chart
Gas prices have been a topic of discussion for many years, with fluctuations occurring frequently. Over the last ten years, we have seen prices rise and fall due to various reasons. In this article, we will take a closer look at gas prices over the last ten years and what caused the changes.
2009
In 2009, the average price of gas was $2.35 per gallon. This was due to the recession that occurred in the United States, which caused a decrease in demand for oil.
2010
The average gas price in 2010 was $2.78 per gallon. This was due to the increase in demand for oil as the economy began to recover from the recession.
2011
In 2011, the average gas price was $3.53 per gallon, which was the highest price in the last ten years. This was due to several factors, including political unrest in the Middle East and increased demand from developing countries.
2012
The average price of gas in 2012 was $3.40 per gallon, a slight decrease from the previous year. This was due to increased domestic oil production and a decrease in demand from Europe.
2013
In 2013, the average gas price was $3.49 per gallon. This was due to several factors, including increased domestic oil production and a decrease in demand from China.
2014
The average gas price in 2014 was $3.34 per gallon, a slight decrease from the previous year. This was due to increased domestic oil production and a decrease in demand from Europe and China.
2015
In 2015, the average gas price was $2.40 per gallon, the lowest price in the last ten years. This was due to increased domestic oil production and a decrease in demand from China and Europe.
2016
The average price of gas in 2016 was $2.15 per gallon, a slight decrease from the previous year. This was due to increased domestic oil production and a decrease in demand from China.
2017
In 2017, the average gas price was $2.42 per gallon. This was due to several factors, including increased demand from China and OPEC's decision to cut oil production.
2018
The average gas price in 2018 was $2.85 per gallon, a slight increase from the previous year. This was due to several factors, including increased demand from China and political tensions in the Middle East.
2019
In 2019, the average gas price was $2.60 per gallon, a slight decrease from the previous year. This was due to increased domestic oil production and a decrease in demand from Europe and China.
Conclusion
Gas prices have fluctuated over the last ten years due to various reasons, including political tensions, economic downturns, and increased or decreased demand from various countries. However, increased domestic oil production in recent years has helped to stabilize gas prices and decrease our dependence on foreign oil. It will be interesting to see what the next ten years bring in terms of gas prices.