The price of gas has affected every household but there may be some relief coming this summer as compared to last summer.

97.9 WGRD logo
Get our free mobile app

Price of Oil

Oil barrels
Andrey Korobov/ThinkStock/GettyStock
loading...

The price per barrel of oil can definitely have an effect on the price of gas and there is no doubt about that. Supply and demand play another factor in higher gas prices.

Railroad tankers
Brian Brown/ThinkStock/GettyStock
loading...

Our country's overall dependency on foreign oil and jack up the price, because here, other countries can just do whatever they want it's their oil but let's not kids ourselves thinking they are unaware of how they affect our economy when they do so.

Supply is another factor but this one is a little more b.s. then the others mentioned above. I say this because if there are supply chain issues, that would mean fewer people are working, and fewer diesel trucks are being used to haul items meaning less gas is being used. So I am sick of the supply chain issues excuse. Some companies are even using that excuse in the ads they run for their products and again it's just b.s.

Gas Prices Should Be Lower in West Michigan Than Last Summer

semi tractor trailer driving on the highway in the evening
5m3photos/ThinkStock/GettyStock
loading...

Regular gas recently has slowly been rising and actually getting closer to the price of diesel gas. I noticed that none of the grocery store prices went down after diesel prices went down by nearly $1.50 per gallon which proves that supply chain issues are just a marketing excuse to raise prices on whatever goods stores want.

OndagoArts/ThinkStock/GettyStock
OndagoArts/ThinkStock/GettyStock
loading...

Gas prices will continue to rise a little now through the Memorial Day weekend (love how they gouge us for holiday travel) and then prices should level off if not even be lower as we move into the summer. Even if gas prices go up another 20 cents to 50 cents per gallon by Memorial Day, gas will still be far cheaper this summer than in the summer of 2022.

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

Gallons Of Items That Cost More Than Gasoline

Gas prices continue to rise across the country but it compared to other items we love, the cost of a gallon of gas isn't that bad.

More From 97.9 WGRD