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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
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.
For context as to just how low and steady inflation was in those years, 20 cents in 1930 was worth $3.47 in 2022 dollars. In 1946, it was worth $3.26. ... In 1970, a gallon of gas cost 36 cents ...
also subject to additional county taxes, up to 8 cents per gallon on Aviation Fuel, 4 cents per gallon for Jet Fuel New Hampshire: 4.0: 2.0: The rate for Jet Fuel for aircraft operating under FAR Part 121 is 0.5 cents per gallon New Jersey: 10.56: 13.56 New Mexico: 17.0: See notes: Jet Fuel is subject to gross receipts tax New York: 6.5: 6.5 ...
Adjusted for inflation, the average price of gas in 1981 would have equaled $2.421 a gallon in 2020. See: National Gas Prices Have Gone Up More Than 45 Cents Per Gallon Since the Russia-Ukraine ...
The program covered model year 2012 to model year 2016 and ultimately required an average fuel economy standard of 35.5 miles per US gallon (6.63 L/100 km; 42.6 mpg ‑imp) in 2016 (of 39 miles per gallon for cars and 30 mpg for trucks), a jump from the 2009 average for all vehicles of 25 miles per gallon. Obama said, "The status quo is no ...
The price of gasoline in the U.S. is shaped by a variety of factors, including the cost of crude oil, distribution and marketing costs, profits and taxes. These are big picture issues that are well...
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.