8. 1990s: Stability and Cheap Fuel
In the 1990s, gasoline prices in the United States remained relatively stable and low, often under $1.30 per gallon. For example, in 1999, the average price was $1.17 per gallon, which, adjusted for inflation, is approximately $2.26 in 2025 dollars. (moneytalksnews.com) This stability was largely due to a global oversupply of oil and technological advancements in extraction methods. During this period, there was a notable rise in the popularity of SUVs and light trucks, as consumers took advantage of affordable fuel prices to purchase larger vehicles. (living.alot.com)
