Obviously 2023 is incomplete, but so far this year the average annual price of gasoline is $3.47/gallon. That marks a 14.5% decline from 2022, but there’s still a lot of year left.
To date, the average gasoline price during President Biden’s term — with nearly two years still to go — is $3.60/gallon. That is on a pace to be the highest average under any president. Here is how prices stack up per gallon, from lowest to highest average for their terms:
- Joe Biden (partial term) — $3.60
- Barack Obama first term — $3.12
- Barack Obama second term — $2.95
- George W. Bush second term — $2.77
- Donald Trump — $2.57
- George W. Bush first term — $1.59
