The Price of Gasoline

Gdjjr

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This is an interesting table- I got out of the Navy in Dec 1968 so I used that as a reference point.

$0.31 in 1969 had the same buying power as $2.19 in 2019

Annual inflation over this period was about 3.99%

Gas Price in 1962

The link above says 1962 which is what I looked for originally
 

Tijn Von Ingersleben

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The problem is that they do not factor inflation the same way in 2019 that they did in 1962.
 

Dekster

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This is an interesting table- I got out of the Navy in Dec 1968 so I used that as a reference point.

$0.31 in 1969 had the same buying power as $2.19 in 2019

Annual inflation over this period was about 3.99%

Gas Price in 1962

The link above says 1962 which is what I looked for originally
gas was $2.04 for 87 when I filled up Tuesday. Some stations I noticed in the last week or so were in the $2.07-$2.11 range
 
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Gdjjr

Gdjjr

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The problem is that they do not factor inflation the same way in 2019 that they did in 1962.
That's immaterial. Everything costs more because there is more money- when money is printed it devalues what you have in your hand- that hasn't changed since Rome did it.
 
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Gdjjr

Gdjjr

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This is an interesting table- I got out of the Navy in Dec 1968 so I used that as a reference point.

$0.31 in 1969 had the same buying power as $2.19 in 2019

Annual inflation over this period was about 3.99%

Gas Price in 1962

The link above says 1962 which is what I looked for originally
gas was $2.04 for 87 when I filled up Tuesday. Some stations I noticed in the last week or so were in the $2.07-$2.11 range
It fluctuates, but the numbers they used are an average- the reason I looked it up in the first place was because I thought about my step dad never *filling up*- he'd get 5 or 10 bucks or maybe just 2 bucks worth- today I saw a Citgo offering 1.99- I hope it stays low but with Holidays coming up I expect it to go up pretty soon.
 

Dekster

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This is an interesting table- I got out of the Navy in Dec 1968 so I used that as a reference point.

$0.31 in 1969 had the same buying power as $2.19 in 2019

Annual inflation over this period was about 3.99%

Gas Price in 1962

The link above says 1962 which is what I looked for originally
gas was $2.04 for 87 when I filled up Tuesday. Some stations I noticed in the last week or so were in the $2.07-$2.11 range
It fluctuates, but the numbers they used are an average- the reason I looked it up in the first place was because I thought about my step dad never *filling up*- he'd get 5 or 10 bucks or maybe just 2 bucks worth- today I saw a Citgo offering 1.99- I hope it stays low but with Holidays coming up I expect it to go up pretty soon.
At 31 cents a gallon, 5 or 10 bucks would have gotten you quite a bit of gas. Weren't tanks usually a little over 20 gal. back then?
 
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Gdjjr

Gdjjr

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This is an interesting table- I got out of the Navy in Dec 1968 so I used that as a reference point.

$0.31 in 1969 had the same buying power as $2.19 in 2019

Annual inflation over this period was about 3.99%

Gas Price in 1962

The link above says 1962 which is what I looked for originally
gas was $2.04 for 87 when I filled up Tuesday. Some stations I noticed in the last week or so were in the $2.07-$2.11 range
It fluctuates, but the numbers they used are an average- the reason I looked it up in the first place was because I thought about my step dad never *filling up*- he'd get 5 or 10 bucks or maybe just 2 bucks worth- today I saw a Citgo offering 1.99- I hope it stays low but with Holidays coming up I expect it to go up pretty soon.
At 31 cents a gallon, 5 or 10 bucks would have gotten you quite a bit of gas. Weren't tanks usually a little over 20 gal. back then?
We had a 1958 Ford- if memory serves it was a 20 gallon tank. When I returned to Texas in late 68 I got a 55 Ford, it too had a 20 gallon tank.
 

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