Gas Prices at Lowest Level in 20 Years

Gas prices are down considerably all across the nation. The last time we were paying under $1.40 was back in 1999 when we were paying $1.22. The most expensive year was 2012 when we were paying $3.69 on average for the year.

TSM

Inflation Adjust Gasoline Prices (1978-2017)

Year	Average Annual Gas Prices (In Dollars)*	Average Annual CPI for Gasoline**	Gas Prices Adjusted for Inflation (In 2017 Dollars)
1978	0.652	51.900	2.659
1979	0.882	70.200	2.660
1980	1.221	97.500	2.653
1981	1.353	108.500	2.640
1982	1.281	102.800	2.638
1983	1.225	99.400	2.609
1984	1.198	97.800	2.593
1985	1.196	98.600	2.568
1986	0.931	77.000	2.561
1987	0.957	80.100	2.530
1988	0.964	80.800	2.525
1989	1.060	88.500	2.537
1990	1.217	101.000	2.552
1991	1.196	99.200	2.554
1992	1.190	99.000	2.545
1993	1.173	97.700	2.542
1994	1.174	98.200	2.532
1995	1.205	99.800	2.558
1996	1.288	105.900	2.575
1997	1.291	105.800	2.585
1998	1.115	91.600	2.579
1999	1.221	100.100	2.583
2000	1.563	128.600	2.573
2001	1.531	124.000	2.615
2002	1.441	116.000	2.630
2003	1.638	135.100	2.567
2004	1.923	159.700	2.550
2005	2.338	194.700	2.543
2006	2.635	219.900	2.537
2007	2.849	237.959	2.536
2008	3.317	277.457	2.532
2009	2.401	201.555	2.522
2010	2.836	238.594	2.517
2011	3.577	301.694	2.510
2012	3.695	311.470	2.512
2013	3.584	302.577	2.508
2014	3.425	290.889	2.493
2015	2.510	212.007	2.507
2016	2.204	187.602	2.487
2017	2.469	211.770	2.469

*Data Source: U.S. Bureau of Labor Statistics: 12-Month Average Gasoline, all types, per gallon/3.785 liters in U.S. city average, average price, not seasonally adjusted.

If you check out Gas Buddy, you can find some stations selling fuel for $1.09 in the New Orleans area.