The average price for a gallon of petrol in the United States reached an all-time high in June at US$5.058 not only on a national level but in all 50 states. As of 19 July 2022, the average price has fallen to US$4.495, according to the American Automobile Association.

US fuel prices doubled between 1979 and 1980 during the turmoil that followed Iran’s revolution and the beginning of Iran’s decade-long war with Iraq. In 1981, the price peaked at US$1.42, which adjusted for inflation, is US$4.63 today. 

Average national price of unleaded regular fuel, per gallon, January 1980 — June 2022

Average national price of unleaded regular fuel, per gallon, January 1980 — June 2022
Source: USSC

Source: US Bureau of Labor Statistics