Did the price of regular gas reach a national average of $1.87 per gallon in February 2021?
Wednesday, February 23, 2022
By Christiana Dillard
NO
A Facebook post claims that regular gasoline was $1.87 per gallon during February 2021.
It wasn't.
The national average of regular gas prices during February 2021 never went lower than $2 per gallon.
At the time of writing, the last time the national average neared $1.87 per gallon was in April 2020. The Bureau of Labor Statistics attributed this pandemic-era price drop to "the combination of falling demand, rising supply, and diminishing storage space" of crude petroleum during the early stages of the coronavirus.
The cheap gas was temporary: prices increased to at least $2.00 per gallon by June 2020.
This Fact Brief is responsive to conversations such as this one.
Sources
Internet Archive AAA Gas Prices
US Energy Information Administration Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)
gasbuddy.com GasBuddy Media Website
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