What Has Happened For 12 Straight Weeks? Gas Prices Have Dropped!

No doubt for a fair amount of time we have been concerned about the price of gas. It was the highest it had been since George W Bush was in office. There were a number of factors that led to this, and depending on who you get your news from, you may have an opinion on it.

The President has never had control over the price of gas, it is all based on supply and demand. There are things that potentially can be done to help with that. When the world was shut down during the pandemic, very few people were driving, so the prices were much lower.

Well here is some good news. For 12 consecutive weeks, the average gas price has fallen. This is the longest streak since 2018. The national average price of gasoline has fallen 7.7 cents per gallon in the last week, averaging $3.75 a gallon on Tuesday. The national average is down 29.5 cents per gallon from a month ago and stands 57.6 cents per gallon higher than a year ago. You can read more HERE.

The embedded tweet above comes from Patrick De Haan who is the head of petroleum analysis at GasBuddy. If you have not downloaded this free app, I would highly encourage you to do so. If you travel anywhere, you can use your phone to find the cheapest price of gas in the area you are at.

We are fortunate in Missouri that our state has always had one of the lowest prices per gallon for gas. If you fill your tanks, you may see a few extra bucks in your wallet. Hopefully this trend will continue. If it does, I wonder what will happen in the winter when not as many people will be on the road, because of the weather. I have been happy to see the prices a little lower. Aren't you?

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LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.