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Gas prices have fluctuated significantly over the last 15 years, influenced by factors such as geopolitical events, supply and demand dynamics, and economic conditions. In 2008, prices peaked at around $4.00 per gallon in the U.S., followed by a sharp decline during the 2008 financial crisis. Since then, prices have generally trended upward, with notable spikes in 2011 and 2014, and again experiencing volatility due to the COVID-19 pandemic and recent geopolitical tensions. As of late 2023, prices are variable, often ranging from $3.00 to $5.00 per gallon depending on the region.

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1mo ago

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What are the gas prices over the last 15 years?

Over the last 15 years, gas prices have experienced significant fluctuations due to various factors, including geopolitical events, natural disasters, and changes in supply and demand. In 2008, prices peaked at around $4 per gallon in the U.S. before dropping sharply during the financial crisis. Prices then gradually increased, reaching highs again in 2012 and 2014, before experiencing another decline. In 2020, the COVID-19 pandemic caused prices to plummet, followed by a recovery in 2021 and 2022, with recent prices reflecting ongoing volatility influenced by global events and economic conditions.


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