Gasoline cost $0.30 per gallon in 1969. Adjusting for inflation, what would it cost in today's dollars?
145075
What cost $.3 in 1969 would cost $1.59 in 2005.\n\nAlso, if you were to buy exactly the same products in 2005 and 1969, they would cost you $.3 and $0.06 respectively.
234694
Yeah,  of course.  That's why gas is only 25 cents a gallon.  Isn't it wonderful?  Maybe we can attack China next,  call it something about nuclear weapons and communism,  but it will really be for knock-off designer handbags and ceramic animal trinkets.
327476
12 cents... just guessing, ok? (googled it, and this is what i got : 1920- J.W. Putney sold his 242- acre farm near Becker for $110 an acre.\n\n1921- Early Storm in November drops about 8 inches of snow on Becker.\n\n1922- Early Potatoes sold for as low as $0.58 per hundred and as high as $0.70 per hundred.\n\nGas Prices Between $0.21 and $0.26 per gallon\n\nPound of Bulk Coffee sold for $0.30... ETC)\nAND IN An Article from September 6, 2003 -  If the price of gasoline relative to wages were comparable today to what they were in 1920, we would be paying almost $10 a gallon for gas. (See The State of Humanity, by Julian Simon, Blackwell Publishers, 1995, Chapter 28.)\nThe same is true, by the way for the cost of electricity and oil. Oil is slightly cheaper today adjusted for wage growth than it was 50 years ago and 5 times cheaper than 100 years ago. Electricity in to our homes is about one-half as expensive as 50 years ago, and despite the recent black outs, the service is more, not less reliable. ETC
242160
Gas station owners...Greed mainly.  We have no competition here so we are at the mercy of the few people that own the gas stations.\n\n$2.37 per gallon today. Cheapest grade
470574
I JUST PAID OFF MY HONDA INSIGHT.  IT HAS A 10 GALLON GAS TANK.  BUT IF BUSH'S GAS PRICES GOTO $6 A GALLON IT'S STILL GOING TO HURT TO PAY $60 EVERY TIME I TURN AROUND.
889761
When I started to drive in 1968, gas was a mere 29.9 cents per gallon (in N.J.) for regular gasoline.\n\nCigarettes were 35 cents a pack.\n\nMilk was about 40 cents a quart\n\nChicken was 29 cents a pound.\n\nBananas were 19 cents a pound.\n\nMinimum wage was $1.35/hr.
670059
The attached link indicates ethanol / gasoline blend cost $2.41 per gallon and achieves 17 miles per gallon.\n\nGoogle certainly is handy for fact checking. \n\nBest wishes !
86348
Gasoline futures are wholesale prices and do not include taxes which are substantial. A future also has to account for storage and inteerst costs.
393885
eight dollars.... 3 dollars a gallon could in turn make money versus. $8 to burn time. plus sodas and popcorn you're down another $10-$15 bucks...enjoy
491113
There is none, if inflation had followed suit with everything else clothes, food, building supplies etc.It would be over 3 dollars a gallon.The problem is people actually give idiots like micheal moore and al fraken credibility, its uncanny!!!!They have both been proven to be liars.One of the biggest reasons gas prices increase is simply speculative theory!! we went to war for humanitarian reasons, those people want us there they were under dictatorship. clinton sent soliders into Bosnia in 98 and knowone had a problem with that, it was for humanitarian reasons or so we thought.The real problem a lot of people have with this is the time its taking but you cant put a time frame on something like this.
640573
Check out www.gasbuddy.com\n\nIt might not go back as far as 1997 though.
407383
Economists believe motorists will alter the way they drive once the average gas price moves to between $3.50 and $4.00 per gallon.\n\nThere won't be a mass revolt.  But people will continue to get upset.  Our elected officials will call for investigations.  And our leaders will be forced to seriously look at alternative fuels.\n\nIf our elected officials tamper with the price of oil and, the move to alternative fuels will slowed.  \n\nIf we truly want to embrace alternative fuels, then the market must lead us there.
373951
http://www.energy.ca.gov/gasoline/statistics/gasoline_cpi_adjusted.html\n\nLove Mama Giggles
363434
Nationally, the average per gallon price for regular gasoline is $2.50.\n\nAre gasoline prices high? That's not the best way to ask that question. It's akin to asking, "Is Williams tall?" The average height of U.S. women is 5'4", and for men, it's 5'10". Being 6'4", I'd be tall relative to the general U.S. population. But put me on a basketball court, next to the average NBA basketball player, and I wouldn't be tall; I'd be short. So when we ask whether a price is high or low, we have to ask relative to what.\n\nIn 1950, a gallon of regular gasoline sold for about 30 cents; today, it's $2.50. Are today's gasoline prices high compared to 1950? Before answering that question, we have to take into account inflation that has occurred since 1950. Using my trusty inflation calculator (www.westegg.com/inflation), what cost 30 cents in 1950 costs $2.33 in 2005. \n\nIn real terms, that means gasoline prices today are only slightly higher, about 8 percent, than they were in 1950. Up until the recent spike, gasoline prices have been considerably lower than 1950 prices.\n\nSome Americans are demanding that the government do something about gasoline prices. Let's think back to 1979 when the government did do something. The Carter administration instituted price controls. What did we see? We saw long gasoline lines, and that's if the gas station hadn't run out of gas. It's estimated that Americans used about 150,000 barrels of oil per day idling their cars while waiting in line. In an effort to deal with long lines, the Carter administration introduced the harebrained scheme of odd and even days, whereby a motorist whose license tag started with an odd number could fill up on odd-numbered days, and those with an even number on even-numbered days.\n\nWith the recent spike in gas prices, the government has chosen not to pursue stupid policies of the past. As a result, we haven't seen shortages. We haven't seen long lines. We haven't seen gasoline station fights and riots. Why? Because price has been allowed to perform its valuable function -- that of equating demand with supply.\n\nOur true supply problem is of our own doing. Large quantities of oil lie below the 20 million acre Arctic National Wildlife Refuge (ANWR). \n\nThe amount of land proposed for oil drilling is less than 2,000 acres, less than one-half of one percent of ANWR. The U.S. Geological Survey estimates there are about 10 billion barrels of recoverable oil in ANWR. But environmentalists' hold on Congress has prevented us from drilling for it. \n\nThey've also had success in restricting drilling in the Gulf of Mexico and off the shore of California. Another part of our energy problem has to do with refining capacity. Again, because of environmentalists' successful efforts, it's been 30 years since we've built a new oil refinery.\n\nFew people realize that the U.S. is also a major oil-producing country. After Saudi Arabia, producing 10.4 million barrels a day, then Russia with 9.4 million barrels, the U.S. with 8.7 million barrels a day is the third-largest producer of oil. But we could produce more. Why aren't we? \n\nProducers have a variety of techniques to win monopoly power and higher profits that come with that power. What's a way for OPEC to gain more power? \n\nI have a hypothesis, for which I have no evidence, but it ought to be tested. If I were an OPEC big cheese, I'd easily conclude that I could restrict output and charge higher oil prices if somehow U.S. oil drilling were restricted. I'd see U.S. environmental groups as allies, and I would make "charitable" contributions to assist their efforts to reduce U.S. output. Again, I have no evidence, but it's a hypothesis worth examination.
378038
LOL, ha ha, funiest joke I heard all day, they know we will pay $3.00 a gallon now, it won't go back. Do I her $4.00
451611
between now and 1962 inflation has rose at approximately 2.8% a year. Thus to calculate the Present Value (PV) of $25 over the last 44 years (1962-2006), we can set up the following formula:\n\nPV($25)= $25 * 1.028^44.\n\n=25 * 3.371\n\n=84.26\n\n----------\n\nThus, $25 in 1962 is equivalent to $84.26 now.
465948
1 US gallon =3.7854 liters or litres canadian \n1 US dollar = 1.15 canadian dollar as of today