10. 2010s-2020s: Volatile Markets and New Trends
In the 2010s and 2020s, U.S. gasoline prices experienced significant volatility. Post-recession, prices dropped to around $2 per gallon, but geopolitical tensions and the COVID-19 pandemic led to sharp increases, with prices exceeding $4 per gallon. This volatility influenced consumer behavior, with rising gas prices prompting increased interest in electric vehicles (EVs). EVs have become more environmentally friendly, with charging now cleaner than driving gasoline vehicles in all 50 states. Additionally, green energy policies have accelerated the adoption of EVs, further impacting gasoline demand. (forbes.com)
