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One year after the war ended, the CPI inflation rate was 3.1% year over year. Nine months later it peaked at a sky-high 20.1% — much more severe than even the turmoil of the 1970s and ’80s ...
Price of a gallon of gas: $3.27 In 2022 dollars: $4.30 This article originally appeared on GOBankingRates.com : Rising Gas Prices: How Inflation Has Impacted Gas Prices Over the Years
The national average price for a gallon of gasoline is at $3.29, according to AAA as of Jan. 6, 2023. While the amount of pain at the pump people feel is more or less acute depending on their ...
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
In 2010, the company launched its own mobile apps that allowed users to input gas prices from their smartphones. [3] In 2013, Oil Price Information Service (OPIS), a subsidiary of UCG, acquired GasBuddy. [4] OPIS is a provider of petroleum pricing and news for businesses.
With the current inflation rate, things that cost a dollar 50 years ago would approximate cost $7.03 today. ... Gas prices. A gallon of gas seems to cost an arm and a leg these days, but would ...
In June 2021, the national average price for a gallon of gas was $3.09, according to data from AAA, but as of June 2022, it had topped $5. That marks a gain of over 60% in a single year.
Maybe you remember uniformed attendants or a time gas was 20 cents a gallon, but it's clear gas stations have changed a lot since the early 20th century.