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The national average price for a gallon of gasoline is at $3.50, according to AAA as of Jan. 26, 2023. ... 1983. Price of a gallon of gas: $1.16. In 2022 dollars: $3.35. 2019 Courtesy of RM Sotheby's.
In 1970, a gallon of gas cost 36 cents. By 1981, it had more than tripled to $1.19. For context as to just how bad things are now, $1.19 in 1981 was worth $4.05 in today’s money — gas was ...
The average price of gasoline spiked to $1.353 a gallon that year — up from $1.221 in 1980 and more than double the price just three years earlier. Adjusted for inflation, ...
The average price of regular gasoline rose from $1.773 during the week of April 27, 2020, to $5 as of June 11, 2022, an all-time high. [37] California led the nation in gas prices with an average gallon of regular gas in the state reaching $6.43 as of June 11, 2022. [38]
The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).
March 1: United States federal Windfall Profits Tax enacted.; May: Saudi Light raised to $28.00 per barrel, retroactive to April 1.; April–September: : Buy-Sell Program allocations drop to average of 120,000 bbl/d (19,000 m 3 /d) for period April to September 1980.:
Adjusted for inflation, the average price of gas in 1981 would have equaled $2.42 a gallon in 2020. The average national price for a full year didn’t even push about $2 a gallon until 2005 ...
A gasoline price website is a type of price comparison website that provides current fuel price information for different filling stations. Supported fuel types generally include gasoline , but may also include diesel , liquefied petroleum gas , biofuels and recharge electricity .