I miss the day when it was $0.78/gallon... I was in college at the time. And we were complaining out loud when it went up to a dollar/gallon. I would wish it would go to $1/gallon...
When I was a kid I can remember driving from Texas to Alabama to visit my grandparents and passing through "Gas Price Wars" in Mississippi where gas stations were selling fuel (leaded back then) for 12 cents and 13 cents a gallon. This was in the mid 1960s.
My first job off of the ranch was pumping gas in Sanger, TX at the old Phillips 66 there for 38 cents a gallon in 1971 at 15 years old.
I know in 2008 when President Bush gave the go ahead to start exploring and pumping oil out of the Gulf, off the Pacific Coast, in Alaska, and to open up the refracking and shales, that things went quickly from near $4.00/gallon back to around $1.50...and that was in 2008.
If we wanted, we could do so again. We could be the world's largest producer by far, and if we built the refineries, we could get it down that low again. But we have to have the political will to do so and sadly, we just don't have it right now.