1992

In 1992 gasoline prices were higher than today. That is in nominal amounts not adjusting for inflation.

In 1992 gasoline prices were higher than today. That is in nominal amounts not adjusting for inflation.

The EIA tells us that the price of gas in 1992 was around $1.20
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&…
That would be about $2.30 in current dollars.

DB2

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DB2,

Thanks for the clarification on this. A friend I value on FB put up a meme of gasoline station signs. I think he means 2012. The old man is an expert on Spain and Spanish food and wine not finance. I allowed he might be right because of the Gulf War I.