That summer, there was a huge glut of oil on the market... gas stations were cutting their prices like crazy and people were buying it just as quick. For a few days, there was a station in Raleigh selling regular for 75 cents, but the average price for a long time was well under 99 cents a gallon. I graduated during the end of Bush Sr.'s term and gas varied from $1.15-1.35 that year. For some reason, I remember filling up and paying $1.30 and thinking it was expensive. Of course, I was only making six dollars an hour at work.