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While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
Price of a gallon of gas: $3.27 In 2022 dollars: $4.30 This article originally appeared on GOBankingRates.com : Gas Prices: The Cost of Gas the Year You Were Born
Nine months later it peaked at a sky-high 20.1% — much more severe than even the turmoil of the 1970s and ’80s when the inflation rate peaked around 14%. ... a gallon of gas cost 36 cents. By ...
The cost of gas has been volatile in recent years as markets react to world events, but it hasn't always been that way. ... 1975. Price per gallon: 57 cents. Adjusted for inflation: $3.29 ...
By the 1970s, there were shortages of price-regulated interstate gas, while unregulated gas within the gas-producing states (intrastate gas) was plentiful, but more expensive. By 1975, nearly half the marketed gas in the US was sold to the intrastate market, resulting in shortages during 1976 and 1977 in the Midwest that caused factories and ...
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I used the newest version of the above Brent Spot spreadsheet to get prices up to 2007, and converted to 2007 dollars using the latest CPI data. I have thought about how to incorporate 2008 data, but haven't decided how to do it yet. The chart currently uses yearly averages; since 2008's not over yet, we don't have an average price for this year.
U.S. gas prices have crept up some 17 cents in the past month, ... In 2020, a gallon of gas was an average of $7. ... a single gallon of gas costs $6.29 more than the worldwide average and $7.57 ...