Tag Archives: regular unleaded gasoline

More oil supply

In May of 2007, I wrote Why are gas prices high, and what can we do about it? At the time, the national average price for a gallon of regular unleaded gasoline was $3.22. The national average price is now 59 cents higher, at $3.81 per gallon. That’s down 30 cents from a high of […]

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Why are gas prices high, and what can we do about it?

The national average price for a gallon of regular unleaded gasoline is one penny short of its all-time high (adjusted for inflation), at $3.22 per gallon. That’s about $1 per gallon higher than early last November. In recent years, it reached $3.04 in September of 2005, and $3.00 in August of 2006.

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