When was gas cheap?

Answer 1

Gas prices were generally considered cheap during the early 2000s, particularly around 2002-2003, when prices in the U.S. averaged around $1.50 per gallon. Another notable period of low prices occurred in late 2014 and early 2015, when prices dropped to below $2 per gallon due to a surge in oil production and decreased demand. However, prices fluctuate frequently based on various factors such as geopolitical events, supply and demand dynamics, and changes in production levels.