Although gas prices have hit new highs in 2022, this isn’t the first time gas numbers have spiked. A look back at the average national gas price in previous decades can provide some context. So can observing how state regulations affect the price of gas in your area.
Keep reading to learn more about historical gas prices, get a sense of how things have changed over time, and learn tips for finding cheap gas in your area.
Why Gas Prices Are Rising in 2022
Gas prices have been soaring in 2022 for a few reasons. Prior to coronavirus’s arrival in the U.S. in 2020, gas cost around $2.50 per gallon. During the pandemic, as fewer Americans were driving to work or for pleasure, the price of oil plummeted.
In 2021 people started driving and flying again, and demand for gas surged. The supply couldn’t keep up, so the price of gas increased.
Prices dropped a little in early 2022 as things started getting back to normal — until late February, when Russia invaded Ukraine. The ensuing war led to a steep increase in prices as Europe, the U.S., and other countries agreed to stop buying Russian oil.
Financial software like SoFi Insights can help you gain insight into how your gas spending fluctuates from year to year. Handy tools like a budget planner app and debt payoff planner can also give you confidence you’re spending and saving as you should.
Recommended: Tips for Spending Wisely While Still Budgeting
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Average Price by State for Regular Unleaded in July 2022
Data is courtesy of AAA .
| STATE NAME | Unleaded Price in July 2022 |
|---|---|
| Alabama | $4.48 |
| Alaska | $5.57 |
| Arizona | $5.28 |
| Arkansas | $4.43 |
| California | $6.31 |
| Colorado | $4.90 |
| Connecticut | $4.86 |
| Delaware | $4.81 |
| Florida | $4.64 |
| Georgia | $4.39 |
| Hawaii | $5.57 |
| Idaho | $5.22 |
| Illinois | $5.42 |
| Indiana | $4.99 |
| Iowa | $4.61 |
| Kansas | $4.59 |
| Kentucky | $4.60 |
| Louisiana | $4.43 |
| Maine | $5.01 |
| Maryland | $4.84 |
| Massachusetts | $4.92 |
| Michigan | $5.03 |
| Minnesota | $4.70 |
| Mississippi | $4.41 |
| Missouri | $4.59 |
| Montana | $4.96 |
| Nebraska | $4.71 |
| Nevada | $5.58 |
| New Hampshire | $4.87 |
| New Jersey | $4.90 |
| New Mexico | $4.70 |
| New York | $4.95 |
| North Carolina | $4.52 |
| North Dakota | $4.71 |
| Ohio | $4.85 |
| Oklahoma | $4.57 |
| Oregon | $5.50 |
| Pennsylvania | $4.95 |
| Rhode Island | $4.89 |
| South Carolina | $4.41 |
| South Dakota | $4.73 |
| Tennessee | $4.50 |
| Texas | $4.52 |
| Utah | $5.19 |
| Vermont | $4.95 |
| Virginia | $4.70 |
| Washington | $5.49 |
| West Virginia | $4.84 |
| Wisconsin | $4.70 |
| Wyoming | $4.87 |
Average Price by State for Premium in July 2022
Data is courtesy of AAA.
| STATE NAME | Premium Price in July 2022 |
|---|---|
| Alabama | $5.22 |
| Alaska | $5.96 |
| Arizona | $5.85 |
| Arkansas | $5.10 |
| California | $6.65 |
| Colorado | $5.54 |
| Connecticut | $5.65 |
| Delaware | $5.54 |
| Florida | $5.36 |
| Georgia | $5.13 |
| Hawaii | $6.04 |
| Idaho | $5.64 |
| Illinois | $6.26 |
| Indiana | $5.72 |
| Iowa | $5.28 |
| Kansas | $5.16 |
| Kentucky | $5.33 |
| Louisiana | $5.13 |
| Maine | $5.68 |
| Maryland | $5.62 |
| Massachusetts | $5.64 |
| Michigan | $5.77 |
| Minnesota | $5.32 |
| Mississippi | $5.09 |
| Missouri | $5.22 |
| Montana | $5.53 |
| Nebraska | $5.33 |
| Nevada | $6.01 |
| New Hampshire | $5.61 |
| New Jersey | $5.64 |
| New Mexico | $5.32 |
| New York | $5.67 |
| North Carolina | $5.25 |
| North Dakota | $5.38 |
| Ohio | $5.57 |
| Oklahoma | $5.12 |
| Oregon | $5.91 |
| Pennsylvania | $5.62 |
| Rhode Island | $5.68 |
| South Carolina | $5.13 |
| South Dakota | $5.33 |
| Tennessee | $5.22 |
| Texas | $5.21 |
| Utah | $5.59 |
| Vermont | $5.75 |
| Virginia | $5.48 |
| Washington | $5.89 |
| West Virginia | $5.41 |
| Wisconsin | $5.51 |
| Wyoming | $5.35 |
Average Price by State for Diesel Gas in July 2022
Data is courtesy of AAA.
| STATE NAME | Diesel Price in July 2022 |
|---|---|
| Alabama | $5.59 |
| Alaska | $6.09 |
| Arizona | $5.89 |
| Arkansas | $5.39 |
| California | $6.97 |
| Colorado | $5.52 |
| Connecticut | $6.11 |
| Delaware | $5.79 |
| Florida | $5.66 |
| Georgia | $5.49 |
| Hawaii | $6.17 |
| Idaho | $5.88 |
| Illinois | $5.81 |
| Indiana | $6.03 |
| Iowa | $5.41 |
| Kansas | $5.37 |
| Kentucky | $5.78 |
| Louisiana | $5.35 |
| Maine | $6.13 |
| Maryland | $5.80 |
| Massachusetts | $6.12 |
| Michigan | $5.95 |
| Minnesota | $5.56 |
| Mississippi | $5.35 |
| Missouri | $5.37 |
| Montana | $5.90 |
| Nebraska | $5.35 |
| Nevada | $5.98 |
| New Hampshire | $6.09 |
| New Jersey | $5.97 |
| New Mexico | $5.58 |
| New York | $6.22 |
| North Carolina | $5.67 |
| North Dakota | $5.61 |
| Ohio | $6.07 |
| Oklahoma | $5.28 |
| Oregon | $6.47 |
| Pennsylvania | $6.16 |
| Rhode Island | $6.19 |
| South Carolina | $5.54 |
| South Dakota | $5.39 |
| Tennessee | $5.59 |
| Texas | $5.28 |
| Utah | $5.68 |
| Vermont | $6.07 |
| Virginia | $5.75 |
| Washington | $6.45 |
| West Virginia | $5.96 |
| Wisconsin | $5.52 |
| Wyoming | $5.71 |
Average US Gas Price 1978 to 2021
Historical data courtesy of Axlewise. Prices are adjusted for inflation and shown in 2020 dollars.
| YEAR | Gas Price |
|---|---|
| 2021 | $3.13 |
| 2020 | $2.24 |
| 2019 | $2.26 |
| 2018 | $2.25 |
| 2017 | $2.26 |
| 2016 | $2.28 |
| 2015 | $2.30 |
| 2014 | $2.29 |
| 2013 | $2.30 |
| 2012 | $2.30 |
| 2011 | $2.30 |
| 2010 | $2.31 |
| 2009 | $2.31 |
| 2008 | $2.32 |
| 2007 | $2.33 |
| 2006 | $2.33 |
| 2005 | $2.33 |
| 2004 | $2.34 |
| 2003 | $2.35 |
| 2002 | $2.41 |
| 2001 | $2.40 |
| 2000 | $2.36 |
| 1999 | $2.37 |
| 1998 | $2.36 |
| 1997 | $2.37 |
| 1996 | $2.36 |
| 1995 | $2.35 |
| 1994 | $2.32 |
| 1993 | $2.33 |
| 1992 | $2.33 |
| 1991 | $2.34 |
| 1990 | $2.34 |
| 1989 | $2.33 |
| 1988 | $2.32 |
| 1987 | $2.32 |
| 1986 | $2.35 |
| 1985 | $2.35 |
| 1984 | $2.38 |
| 1983 | $2.39 |
| 1982 | $2.42 |
| 1981 | $2.42 |
| 1980 | $2.43 |
| 1979 | $2.44 |
| 1978 | $2.44 |
Tips for Finding Cheap Gas Stations in Your State
There are a few ways to find the cheapest gas in the nearby area and save money on your gas bill:
• Use an app like GasBuddy to locate the lowest nearby price. The app lets drivers search by gas type, payment type, the brand of gas station, and other factors. The app also offers cashback deals, paid subscriptions, and more.
• AAA has a gas price monitoring website that gets updated every day. Drivers can search by state and country to find the best prices.
• Both Google Maps and Waze keep track of gas prices. When you search for gas stations within their maps, the price of gas at local stations will pop up. Although one can’t filter by price or automatically see the lowest price, it’s fairly easy to look around and find the cheapest option.
• Another useful app is GetUpside. The app lets users compare gas prices near them, and also earn cash back every time they fill up their tank.
• One of the perks of getting a Costco or Sam’s membership is getting discounts on gas. It’s often the cheapest option for club members.
• Certain days of the week tend to have lower prices. Generally, Mondays are the cheapest, followed by Sunday, while Wednesday and Thursday are the most expensive days.
Recommended: What Credit Score is Needed to Buy a Car
The Takeaway
Gas prices go up and down in response to a variety of global and domestic factors. But there are a few ways to source the best deals on gas, including apps and membership-only retailers.
When gas prices throw a wrench into your budget, the SoFi Insights money tracker app can help you make adjustments fast. And its payoff planner lets you create an actionable plan for paying off credit cards, student loans, and other debt.
FAQ
What was the price of gas in 1980?
In 1980, the average price of gas was $1.19. That is equivalent to $4.33 in 2022 dollars.
What year were gas prices the highest?
Before 2022, the highest average gas price was $4.11 in July 2008.
How much did gas cost in the 90s?
In the 1990s, gas cost between $1.11 and $1.15 per gallon.
Photo credit: iStock/skodonnell
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