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Gas prices - lowest in 22 years
Posted on 5/21/25 at 9:36 pm
Posted on 5/21/25 at 9:36 pm
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Everything in domestic supply chain benefits.
Grok-
Yes, the claim is true. GasBuddy projects gas prices for Memorial Day 2025 at $3.08 per gallon, the lowest since 2021 and, when adjusted for inflation, the lowest since 2003 (excluding 2020's pandemic-driven lows). Increased oil production and lower crude prices are key factors.
This post was edited on 5/21/25 at 9:40 pm
19
Posted on 5/21/25 at 9:39 pm to prplngldtigr
Where the frick is this?
I've voted for Trump three times now, but gas where I live outside of San Antonio is a dollar more than it was in 2020.
I've voted for Trump three times now, but gas where I live outside of San Antonio is a dollar more than it was in 2020.
Posted on 5/21/25 at 9:39 pm to prplngldtigr
This post was edited on 5/21/25 at 9:42 pm
Posted on 5/21/25 at 9:42 pm to prplngldtigr
bullshite I just filled up today and its higher than I have seen in awhile
Posted on 5/21/25 at 9:43 pm to prplngldtigr
That's a lot of adjustment going on there.
Excluding a whole arse year AND "adjusting for inflation" to get to the point of a projected outcome and future date.
My gas went up a smidge this past week or so.
Excluding a whole arse year AND "adjusting for inflation" to get to the point of a projected outcome and future date.
My gas went up a smidge this past week or so.
Posted on 5/21/25 at 9:44 pm to prplngldtigr
CNN reported that lower gas prices signals recession and global warming.
Posted on 5/21/25 at 9:45 pm to SallysHuman
The average gas price in the United States over the last 20 years (2005–2025)Based on available data, here is a year-by-year breakdown of the average retail price per gallon of regular unleaded gasoline, not adjusted for inflation, compiled from reliable sources:
- **2005**: $2.49[](LINK )
- **2006**: $2.83[](LINK )
- **2007**: $3.05[](LINK )
- **2008**: $3.52[](LINK )
- **2009**: $2.68[](LINK )
- **2010**: $3.11[](LINK )
- **2011**: $3.85[](LINK )
- **2012**: $4.09[](LINK )
- **2013**: $3.95[](LINK )
- **2014**: $3.79[](LINK )
- **2015**: $3.28[](LINK )
- **2016**: $2.80[](LINK )
- **2017**: $3.06[](LINK )
- **2018**: $3.51[](LINK )
- **2019**: $3.58[](LINK )
- **2020**: $3.04[](LINK )
- **2021**: $3.98[](LINK )
- **2022**: $5.28[](LINK )
- **2023**: $4.78[](LINK )
- **2024**: $3.30[](LINK /)
To calculate the average gas price over these 20 years, we sum the annual averages and divide by the number of years:
[
(2.49 + 2.83 + 3.05 + 3.52 + 2.68 + 3.11 + 3.85 + 4.09 + 3.95 + 3.79 + 3.28 + 2.80 + 3.06 + 3.51 + 3.58 + 3.04 + 3.98 + 5.28 + 4.78 + 3.30) / 20
]
[
= 67.97 / 20 = 3.3985
]
The average gas price from 2005 to 2024 is approximately **$3.40 per gallon**.
### Key Observations:
- **Highest Year**: 2022 saw the highest average at $5.28 per gallon, driven by the Russia-Ukraine war and post-COVID demand recovery.[](LINK )
- **Lowest Year**: 2009 had the lowest average at $2.68 per gallon, following the 2008 economic recession.[](LINK )
- **Trends**: Prices peaked in 2008 ($3.52) and 2012 ($4.09) due to high global demand and supply constraints, dipped in 2015–2016 due to falling crude oil prices, and surged again in 2022.[](LINK )
- **Recent Data**: In 2025, the average price as of May is around $3.19 per gallon, down from $3.30 in 2024.[](LINK /)
### Notes:
- These figures are nominal prices and not adjusted for inflation. When adjusted for inflation, 2012 had the highest real price at $4.94 per gallon.[](LINK /)
- Prices vary by state, with California consistently having the highest (e.g., $4.92 in 2025) and states like Mississippi the lowest ($2.66 in 2025).[](LINK /)
- Data sources include the U.S. Energy Information Administration (EIA), AAA, and posts on X, primarily from @stats_feed.[](LINK )
- **2005**: $2.49[](LINK )
- **2006**: $2.83[](LINK )
- **2007**: $3.05[](LINK )
- **2008**: $3.52[](LINK )
- **2009**: $2.68[](LINK )
- **2010**: $3.11[](LINK )
- **2011**: $3.85[](LINK )
- **2012**: $4.09[](LINK )
- **2013**: $3.95[](LINK )
- **2014**: $3.79[](LINK )
- **2015**: $3.28[](LINK )
- **2016**: $2.80[](LINK )
- **2017**: $3.06[](LINK )
- **2018**: $3.51[](LINK )
- **2019**: $3.58[](LINK )
- **2020**: $3.04[](LINK )
- **2021**: $3.98[](LINK )
- **2022**: $5.28[](LINK )
- **2023**: $4.78[](LINK )
- **2024**: $3.30[](LINK /)
To calculate the average gas price over these 20 years, we sum the annual averages and divide by the number of years:
[
(2.49 + 2.83 + 3.05 + 3.52 + 2.68 + 3.11 + 3.85 + 4.09 + 3.95 + 3.79 + 3.28 + 2.80 + 3.06 + 3.51 + 3.58 + 3.04 + 3.98 + 5.28 + 4.78 + 3.30) / 20
]
[
= 67.97 / 20 = 3.3985
]
The average gas price from 2005 to 2024 is approximately **$3.40 per gallon**.
### Key Observations:
- **Highest Year**: 2022 saw the highest average at $5.28 per gallon, driven by the Russia-Ukraine war and post-COVID demand recovery.[](LINK )
- **Lowest Year**: 2009 had the lowest average at $2.68 per gallon, following the 2008 economic recession.[](LINK )
- **Trends**: Prices peaked in 2008 ($3.52) and 2012 ($4.09) due to high global demand and supply constraints, dipped in 2015–2016 due to falling crude oil prices, and surged again in 2022.[](LINK )
- **Recent Data**: In 2025, the average price as of May is around $3.19 per gallon, down from $3.30 in 2024.[](LINK /)
### Notes:
- These figures are nominal prices and not adjusted for inflation. When adjusted for inflation, 2012 had the highest real price at $4.94 per gallon.[](LINK /)
- Prices vary by state, with California consistently having the highest (e.g., $4.92 in 2025) and states like Mississippi the lowest ($2.66 in 2025).[](LINK /)
- Data sources include the U.S. Energy Information Administration (EIA), AAA, and posts on X, primarily from @stats_feed.[](LINK )
This post was edited on 5/21/25 at 9:47 pm
Posted on 5/21/25 at 9:46 pm to prplngldtigr
I got gas for $2.50 the other day, which is awesome.
I'd like it to be under $2 though.
I'd like it to be under $2 though.
Posted on 5/21/25 at 9:47 pm to prplngldtigr
why are we excluding when trump tanked the economy in 2020?
Posted on 5/21/25 at 9:48 pm to beaux duke
It’s like you thought that was gonna be a “win” for you hahahhahaha
Ay yi yi.
Ay yi yi.
Posted on 5/21/25 at 9:49 pm to prplngldtigr
Now get diesel down. No reason for on-road diesel to be as expensive as it is. It's the easiest thing to refine. And until diesel comes down, grocery prices aren't coming down.
Posted on 5/21/25 at 9:49 pm to prplngldtigr
quote:
It’s like you thought that was gonna be a “win” for you hahahhahaha
i don't think it's a win, just asking why they're not counting that year?
Posted on 5/21/25 at 9:49 pm to prplngldtigr
It better start moving, weekend begins in 2 days.
Posted on 5/21/25 at 9:52 pm to prplngldtigr
quote:
prplngldtigr
Eight of those prices are below the 2025 average.
Which kinda kills the whole "lowest in 22 years" claim.
Posted on 5/21/25 at 9:52 pm to beaux duke
Because the price was artificially low due to lockdowns, mandates and overall stupidity.
Posted on 5/21/25 at 9:53 pm to beaux duke
quote:
why are we excluding when trump tanked the economy in 2020?
Posted on 5/21/25 at 9:53 pm to rpg37
quote:
CNN reported that lower gas prices signals recession and global warming.
Posted on 5/21/25 at 9:54 pm to SallysHuman
quote:
Eight of those prices are below the 2025 average.
Which kinda kills the whole "lowest in 22 years" claim.
Are you taking the inflation adjustment into account?
Posted on 5/21/25 at 9:55 pm to SallysHuman
- These figures are nominal prices and not adjusted for inflation
Posted on 5/21/25 at 9:56 pm to Powerman
quote:
Are you taking the inflation adjustment into account?
I'm taking the OP's subject line into account as well as the xpost main text.
It made a bold, definitive statement and under delivered in reality.
**if you are tongue in cheek, sorry I didn't catch it.
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