Did gas and oil prices fall during Reagan presidency?

During Ronald Reagan's presidency, gas and oil prices experienced significant fluctuations. Initially, prices were high in the early 1980s due to factors like the Iranian Revolution and the subsequent oil crisis. However, by the mid to late 1980s, prices began to decline significantly, influenced by increased oil production, particularly from OPEC members, and a global decrease in demand. Overall, while there were periods of rising prices, the latter part of Reagan's presidency saw a notable decrease in gas and oil prices.