When was gas 1.25 a gallon

Oil gluts and crises have correlated with economic prosperity and recessions, especially when looking through the lens of inflation. Want to use this infographic on your site? Through History — TitleMax. In , it reached its peak at Banks and loan companies struggled to get a handle back on the economy. The worst gas prices in U. Even our most chaotic price jumps from past decades pale in comparison to the insane jumps from to , when gas prices climbed steadily and dramatically until the recession.

Bread and milk experienced sharp increases in price, meaning that it was harder to feed children, who were already in a desperate situation. High oil prices cause chaos. Investigate TV. Closings and Delays. Dismiss Closings Alerts Bar. By Jennifer Baker. Published: Jan. Share on Facebook. Email This Link.

Share on Twitter. Share on Pinterest. Share on LinkedIn. Most Read. No-show wedding florist accused of scamming Ohio brides arrested, jail records show. Hamilton community mourning tragic death of middle-school teacher. An analysis of well-being. The average price of a barrel of crude oil and annual gasoline consumption also came from the EIA. Annual U. Per-capita gas consumption was calculated using population estimates from the U. Census Bureau. All inflation-adjusted prices are tied to dollars.

Facebook Twitter Email. Here's what a gallon of gas cost the year you were born. Show Caption. Hide Caption. Forget gas! Egyptian students create vehicle powered by air. Tired of paying for gas?