What Was the Average Gas Price in 1996?

The average price of a gallon of regular gas in 1996 was $1.23. At the start of 1996, the price was about $1.08 per gallon. It steadily rose to end the year at $1.24 per gallon.

The largest price per gallon jumps in 1996 were between the months of April and May. Gas rose from $1.17 per gallon to $1.27 per gallon, an increase of $0.10 in just one month. Between the months of June through October, gas steadily declined each month. In June of 1996, gas was $1.26 per gallon, in October it was $1.19, a decrease of about $0.07 over five months time.