What was the price of gas in 1970?

What was the price of gas 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.

When was gas 99 cents per gallon?

In London, Kentucky, a BP gas station officially changed its digital marquee to advertise a gallon of gas for just 99 cents on March 19, according to Patrick De Haan, head of petroleum analysis for GasBuddy.

What year was gas 27 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 $2.93/gal. From 1950 through 1959 nominal gas prices climbed from 27 cents a gallon to 30 cents a gallon with a brief stop at 31 cents a gallon in 1957.

What is the most expensive gas has ever been?

The highest ever gas price average $4.11 on July 17, 2008, according to AAA.

What year was gas the highest?

The highest ever price for a gallon of regular gas was $4.11 in July of 2008, according to AAA.

What state has the cheapest fuel?

Mississippi
The U.S. Fuel Index Report, released by Zutobi last month, revealed that the state with the cheapest gas was Mississippi at $2.716 per gallon, followed by Louisiana at $2.718 and Missouri at $2.734.

How much was gas per gallon in 1976?

Here’s how much the 1976 gasoline price of $0.59 would be worth over time, compared to the actual price from that year.

What was the highest gas price in history?

The highest gas prices in history were in 2008, when the nationwide average reached $4.11 per gallon, when President George W. Bush was in office. That record still holds.

What was the average price of gasoline in 1975?

In the year 1975, the average retail price of gas in the U.S. was $0.57. This is equivalent to $2.76 in 2019 dollars.

According the US Energy Information Administration (EIA) the highest price of gas in the US was reached during the week of July 7th 2008 at $4.11 per gallon for regular grade fuel (note this is a weekly average price).