Table of Contents
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 |
How much was gas back in 1965?
Back in the’60s, people pulled up to the gas pump and actually said to the attendant, “Gimme a dollar’s worth.” In 1965, this amount could get you quite far, because gas was only 31 cents a gallon (it was up to 35 cents by 1969).
What year was gas less than a dollar?
While gas stayed below a dollar from 1929 until 1980 (a period of 51 years) it doubled in the four years from 1979 to 1983.
How much did a gallon of gas cost in 1960?
But over the same period, overall inflation climbed faster so the inflation-adjusted price actually fell from $2.89 in 1950 to $2.66 in 1959. From 1960 through 1965 nominal gas prices bounced between 30 and 31 cents a gallon while the inflation-adjusted price fell from $2.70 to $2.54 .
What was the average price for gasoline in 1960?
Adjusted for inflation, $0.31 in 1960 is equal to $2.75 in 2021. Annual inflation over this period was 3.64%. In the year 1960, the average retail price of gas was $0.31 .
What were the gas prices in the 1960s?
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 Oxford Men’s shoes $12.95
What was the gas price 1960?
In the year 1960, the average retail price of gas was $0.31. This is equivalent to $2.75 in 2021 dollars.