April 22, 2013

Gasoline Prices are Down 9.5% in the past 12 Months

As I write this the national average price for a gallon of gas is $3.51.   Twelve months ago the price was $3.88.    Thats a drop of -9.5%.

You can see the 12 month chart at Gasbuddy's site.

I just wanted to point this out because we usually only notice when gas prices go up.   But then after prices go down again there aren't drastic news headlines about it.   Prices go up and its news and theres op-ed pieces forecasting $5 gas.   But when the price drops down again its not news and nobody is forecasting  $1 gas.

If you look at the past 9 years of data from Gasbuddy you can see the price of gas has been a real roller coaster ride.


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