What Was the Average Cost of Gas in the Year 2000?

What Was the Average Cost of Gas in the Year 2000?

The average cost of gasoline in the year 2000 was $1.51 per gallon. Since then, gas prices have continued to steadily increasing, and in 2015, they average over $2.50 per gallon

Gas is an extremely unstable commodity whose price tends to fluctuate due to several factors including weather events and geopolitical risks. For example, if a war breaks out in an area that exports a lot of gasoline, the price of gas can increase globally. This also works in reverse. If a country or corporation discovers gas, the price of gas can decrease globally because of the increase in supply.