WASHINGTON, D.C.—For the first time in years, gasoline prices aren’t a significant election year concern.
It’s a major turnaround from 2012, which featured the highest average gas prices in U.S. history at $3.60 per gallon and 2008, which saw the highest-ever one-day price spike—$4.11.
Now, the United States leads the world in oil and natural gas production, and national average gasoline prices are around $2.00 per gallon.
Average U.S. disposable household income was $1,337 higher in 2015 given lower home energy costs and other savings brought about by shale energy development, and America’s world-class refiners produce billions of gallons of fuel that is cleaner and more efficient than ever.
