While it may feel like gas prices keep going up each year, 2022 is not the first time our prices have been this high.
While it's true that the gas prices we're seeing now are record-breaking in terms of dollar amounts, it's a different story if we factor in inflation rates.
According to the business and finance news site Kiplinger, the great recession in 2008 brought the national average to $4.11, which is $5.40 in today's costs. Considering how much lower the cost of living was back then, the price at the pump only deepened the financial strain for Houstonians during that time.
"When I pulled up to the pump, I noticed that it said $4.01, and that really shocked me, and I thought, 'Oh my gosh. Is it really $4 today?'" said a woman to ABC13 in 2008.Eventually, prices began declining again after 2012, hitting a low in 2016 and 2018, according to data from Statista. One thing's for sure -- The price of gas never stays the same, but our disgruntled feelings towards rising costs always will.
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