What was the price of gas in the 70s?
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.
How much was gas a gallon in 1980?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1980 | 1.19 | 2.95 |
| 1981 | 1.31 | 2.97 |
| 1982 | 1.22 | 2.60 |
| 1983 | 1.16 | 2.37 |
What was the price of gas in 1978?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1977 | 0.62 | 1.94 |
| 1978 | 0.63 | 1.83 |
| 1979 | 0.86 | 2.31 |
| 1980 | 1.19 | 2.95 |
When was gas prices the highest?
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). The US approached that price this spring when it reached $3.96 the week of May 9th.
What is the average price of a gallon of gasoline?
The current average cost of a gallon of regular unleaded is $3.70, the highest in the country. The cost is also about 20 cents more than Hawaii, which traditionally has the nation’s most expensive gasoline.
What was gas prices in 1970?
In the year 1970, the average retail price of gas in the U.S. was $0.36.
What is the average cost of gas?
The price of gas may go up or down, but it’s always a major expense for anyone who drives a car. The average American consumer spends about $3,000 per year for gas, according to the American Automobile Association. Some of the practical ways to reduce fuel cost are listed below.