Quote:
Originally Posted by ejp52
Well this time last year gas was around $1.799.
|
Gas was lower last year because of the pandemic and people were working from home and travel was way down. Gas prices are determined by a number of factors, one being supply and demand. Last year demand was low, therefore the price of gas was low. Other factors that affect gas prices are the fossil fuel industry, Wall Street traders, Hedge Fund Managers and Global demand . In July of 2008, gas was $4.11 a gallon. So it has gone down since then!