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How much was a gallon of regular gas in 1978?

How much was a gallon of regular gas in 1978?

In 1978, the average price of a gallon of regular unleaded gasoline in U.S. cities ranged from 65 cents to 71 cents. During 2013 (January through October), it ranged from $3.35 to $3.74—over 5 times higher than the 1978 prices.

What was the price of regular gas in 1980?

Bad Prices Arising 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).

When was gas 83 cents a gallon?

1988
In 1958, it cost 29 cents. In 1988, 83 cents.

How much was a tank of gas in 1976?

Supporting Information

Year Gasoline Price (Current dollars/gallon) Gasoline Price (Constant 2011 dollars/gallon)
1976 0.57 1.81
1977 0.59 1.77
1978 0.62 1.74
1979 0.63 1.62

When was the last time gas was $4?

The last time California gasoline reached these levels was November 2019, AAA data showed.

How much was gas 1975?

Supporting Information

Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon)
1974 0.53 2.03
1975 0.57 1.98
1976 0.59 1.96
1977 0.62 1.94

How much did gas cost in 1982?

Supporting Information

Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon)
1982 1.31 2.71
1983 1.22 2.43
1984 1.16 2.22
1985 1.13 2.10

What was the price of gas 1 year ago?

Stats

Value from 1 Year Ago 3.174
Change from 1 Year Ago 35.79%
Frequency Monthly
Unit USD per Gallon
Adjustment N/A

What was the lowest gas price in 2020?

$2.17 per gallon
U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020. U.S. regular retail gasoline prices averaged $2.17 per gallon (gal) in 2020, 44 cents/gal (17%) lower than in 2019 and the lowest annual average since 2016.

How much did eggs cost in 1975?

1975: 77 cents In 1975, “Jaws” kicked off the era of the summer blockbuster, Microsoft was founded, the mood ring was invented and a dozen eggs cost 77 cents.

How much did a gallon of gas cost in 1979?

How Much things cost in 1979 Yearly Inflation Rate USA11.2% Year End Close Dow Jones Industrial Average 838 Interest Rates Year End Federal Reserve 15.25% Average Cost of new house $58,100.00 Average Income per year $17,500.00 Average Monthly Rent $280.00 Cost of a gallon of Gas 86 cents

What was the price of gasoline in 1979 in the US?

How much was inflation? In the year 1979, the average retail price of gas in the U.S. was $0.86. This is equivalent to $3.31 in 2021 dollars. We determine the value of a dollar using the Consumer Price Index from December of the previous year.

What is the cheapest gas in the US?

Gas prices. NEW YORK — There’s a gas station in Ohio pumping gas for $1.21 a gallon. That is the cheapest gas in America, according to data collected from customers by GasBuddy.com.

What was the average gas prices in 1978?

In the year 1978, the average retail price of gas was $0.63. This is equivalent to $2.64 in 2021 dollars. Note: We determine the value of a dollar using the Consumer Price Index from December of the previous year.