Gas prices near 2004 lows

You have probably noticed you are not paying nearly as much for gas today as you did just a few months back. If you are a gas mileage and gas price nerd like me, you will know you are not imagining things. In fact, the price of gasoline has dropped to levels not seen since December 2005. Even crazier, I paid $2.339 per gallon for regular unleaded today, here in the Seattle area, which is just a couple cents more than the $2.359 I paid on June 23, 2004.

Looking at the chart below, you can clearly see the sharp decline gas prices have been on since my all-time high of $4.339 per gallon on July 8, 2008. That is almost $2 more per gallon roughly 4 months ago. Today’s price is still just a hair higher than when I wrote about how gas was fairly cheap in May 2006 at $2.259/gallon.

The price of gasoline from June 2004 to November 2008