When was the last time gas was in the $1.40-$1.50 range?
In Lawrence, that would be November 2003 through January 2004, said Scott Zaremba, president of Zarco 66 and Zarco 66 Earth-Friendly Fuels in Lawrence. During the first week of January 2003, he said, Zarco stations were selling a gallon of regular unleaded gasoline for $1.49. The price dipped to as low as $1.36 a month later before slowly rising to $1.53 by early February. “I remember, in 1973, Dad (Stan Zaremba) didn’t sell a gallon of gas during the embargo,” he said. “Then in ’80, the price fell out. Then in the Gulf War, it shot up to $1.97. In June, July and August of this year, it was almost $4. … “Today (Thursday) it was $1.47, and it’s still falling. I truly have no idea (where prices are headed), because we’re in truly uncharted territories. And nobody can tell us where the economy will be.”