How Long Must Americans Endure Nosebleed Gasoline Prices?

How Long Must Americans Endure Nosebleed Gasoline Prices?
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In August of 1998, the average gasoline price in the U.S. was a shade over a dollar. According to the U.S. Energy Information Administration, by August of 2008, the price of a gallon had nearly quadrupled. In August of 2022, it’s no revelation to say that the price of gas is even greater than it was in 2008.

These numbers are brought up as a way of showing how the state of the economy isn’t as big of a factor as some would think when it comes to gasoline prices. Figure that in ’98 the U.S. economy was booming, but a trip to the gas station to fill up an empty tank was a $20 concept.

 

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