Global Average Gas Price Per Gallon
Published date : 28 September 2023

Global Average Gas Price Per Gallon

Since the 1979 oil crisis, where the price of a gallon of gas went over $1.00 for the first time, the price of gas has never fully recovered.

In more recent decades, oil prices have more than tripled to reach over $3.50/gallon, hurting household finances and the economy at large.

The increasing cost of gas and other drivers have led to the EV adoption we are seeing now.

Gen X-ers (those born between 1965 and 1980) and Millennials (those born between 1981 and 1994) are putting money where their mouths are and are going green – equipped with the knowledge that driving gas-powered cars is amongst the worst carbon emitting activities individuals can take part in today.

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