Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1968 | 0.34 | 1.79 |
| 1969 | 0.35 | 1.77 |
| 1970 | 0.36 | 1.72 |
| 1971 | 0.36 | 1.67 |
What was the price of gas in 1974?
The average price of a gallon of gasoline in May 1973 was 38.5 cents a gallons ($1.96 in 2012 dollars). By June 1974, it had risen to 55 cents or $2.53 a gallon in ’12 dollars. In 1974, that was a 42-percent increase, far less than the current increase and that’s for a situation in which there was no gas to sell.
Where is gas the most expensive?
California
Most expensive gas prices Starting at $4.28, California has the most expensive gas in the country. Hawaii is the second most expensive with $4.01.
What was the average cost of gas in 1960?
In the year 1960, the average retail price of gas was $0.31. This is equivalent to $2.75 in 2021 dollars.
How much did a loaf of bread cost in 1960?
In 1960, a loaf of white bread cost 20 cents and today about $2.25 (though the range can be great).
What was the cost of a gallon of gas in 1960?
A gallon of (leaded) gas in the United States in 1960 cost only 31 cents! That sounds like an incredible bargain until you factor in inflation. 31 cents in 1960 is equivalent to $2.07in the year 2007. The national average cost of a gallon of unleaded regular gasoline in 2007 was $2.78, or about a 34% increase over the average price in 1960.
How much did stuff cost in the 1960’s?
How Much Stuff Cost In 1960. In 1960 a new house cost $12,700.00 and by 1969 was $15,500.00; In 1960 the average income per year was $5,315.00 and by 1969 was $8,540.00; In 1960 a gallon of gas was 25 cents and by 1969 was 35 cents; In 1960 the average cost of new car was $2,600.00 and by 1969 was $3,270.00 ; Misses Swinging Shifts Skirts $5.00
What was the average price of gas in 1980?
The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon. When was the last time gas was under $2 a gallon? The last time the average price of gas was less than $2 was 15 years ago, in 2004. The average price of gas then was $1.88.
When was the last time gas was less than$ 2?
The last time the average price of gas was less than $2 was 15 years ago, in 2004. The average price of gas then was $1.88. How much was gas in the 90s? The average price of gas in the 1990’s was just shy of $1.15. What are the top five states with the highest average gas prices today?
