What was the price of gas in 1974?

What was the price of gas in 1974?

Supporting Information

Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon)
1973 0.39 1.62
1974 0.53 2.03
1975 0.57 1.98
1976 0.59 1.96

What did gas cost in 1970?

For the average American, drivers went from paying $0.36 per gallon at the pump in 1970 (which is equal to about $1.72 per gallon in today’s dollars) to $1.19 per gallon in 1980 (which is equivalent to about $2.95 per gallon). In the late ’70s and early ’80s, there was a massive global recession.

What was gas prices in 1969?

Supporting Information

Year Gasoline Price (Current dollars/gallon) Gasoline Price (Constant 2011 dollars/gallon)
1969 0.34 1.65
1970 0.35 1.62
1971 0.36 1.58
1972 0.36 1.55

What was the price of gas in 1955?

Supporting Information

Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon)
1954 0.29 2.00
1955 0.29 1.98
1956 0.29 1.93
1957 0.30 1.92

What was the highest price of gas in history?

What is the highest priced gas in history? The highest average gas price was $3.64 in 2012, which is 167% more expensive than a decade earlier. What year did gas go over one dollar? 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 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?

Do you like to keep up to date with historical gas prices?

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What was the price of gasoline in 1947?

The next bottom occurred in 1947 as inflation adjusted prices had fallen to $2.44, with nominal prices back up to 1926 levels of 23 cents a gallon. By 1949, just two years later, nominal prices had climbed to 27 cents a gallon (a 17% increase) and inflation adjusted prices were $2.68/gal.