Average Gasoline Prices Under The Past Four Presidents

Average Gasoline Prices Under The Past Four Presidents

Share to Linkedin WASHINGTON, DC - JANUARY 24: President Donald Trump signs one of five executive orders related to ... [+] the oil pipeline industry in the Oval Office of the White House January 24, 2017 in Washington, DC. Looking on are White House Chief of Staff Reince Priebus, counselor to the President Kellyanne Conway, White House Communications Director Hope Hicks, Senior Advisor Jared Kushner (2nd R) and Senior Counselor Stephen Bannon (R). (Photo by Shawn Thew-Pool/Getty Images) In June 2022, driven by a combination of the Russian invasion of Ukraine, an economic recovery from Covid-19, and arguably certain policies of the Biden Administration, the average weekly retail gasoline price hit an all-time high of $5. 07 per gallon. (Source). Since then, gasoline prices have fallen substantially, and were most recently $3. 51/gallon. But I thought it might be interesting to look at the average gasoline price under each president over the past 20 years or so. (Prior to that, gasoline prices were generally under $2. 00 a gallon). Presidents get a lot of credit and blame over rising and falling gasoline prices. In reality, there's not a lot a president can do to impact gasoline prices in the short