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The average price in 2012 was $3.618 per US gallon ($0.96/L), the highest ever yearly average as of 31 December 2012. As of 31 December 2012, the average price of gasoline was $3.298/US gal ($0.87/L), with New York at $3.70/US gal ($0.98/L) for the highest in the US, and Colorado at $2.987/US gal ($0.79/L) for the lowest.
When Richard Nixon became president in 1969, ... The average US retail price of a gallon of regular gasoline rose 43% from 38.5¢ in May 1973 to 55.1¢ in June 1974 ...
The Jimmy Carter administration began a phased deregulation of oil prices on April 5, 1979, when the average price of crude oil was US$15.85 per barrel ($100/m 3). Starting with the Iranian revolution, the price of crude oil rose to $39.50 per barrel ($248/m 3) over the next 12 months (its all-time highest real price until March 3, 2008). [11]
Gasoline prices have risen 48% during Biden's term, not 63%. Experts say the increase was largely independent of Biden's policies.
Tight refining supply has kept the gap wide between wholesale gasoline futures and retail prices, currently at about $1.25 a gallon, far exceeding the average of 88 cents over the past five years.
President Joe Biden plans to sell the last portion of a release of 180 million barrels of crude oil from U.S. strategic petroleum reserves by the end of December. ... U.S. gasoline prices rose ...
The program covered model year 2012 to model year 2016 and ultimately required an average fuel economy standard of 35.5 miles per US gallon (6.63 L/100 km; 42.6 mpg ‑imp) in 2016 (of 39 miles per gallon for cars and 30 mpg for trucks), a jump from the 2009 average for all vehicles of 25 miles per gallon.
The average price of gasoline exceeded $5 a gallon for the first time ever last June—California has seen it surpass $6—as global oil shocks reverberated from Russia’s invasion of Ukraine.