Home

 › 

Uncategorized

 › 

What Gas Cost the Year You Were Born (1929–2020)

What Gas Cost the Year You Were Born (1929–2020)

What Gas Cost the Year You Were Born (1929–2020)

jovannig / iStock via Getty Images

1929

FPG / Getty Images

1930

Hal Morey / Getty Images

1931

Archive Photos / Getty Images

1932

Michael Ochs Archives / Getty Images

1933

FPG / Getty Images

1934

FPG / Getty Images

1935

FPG / Getty Images

1936

MPI / Getty Images

1937

FPG / Getty Images

1938

Ben Shahn / Getty Images

1939

Kurt Hutton / Getty Images

1940

Archive Photos / Getty Images

1941

Archive Photos / Getty Images

1942

Michael Ochs Archives / Getty Images

1943

Archive Photos / Getty Images

1944

FPG / Getty Images

1945

Frederic Lewis / Getty Images

1946

Archive Photos / Getty Images

1947

Michael Ochs Archives / Getty Images

1948

Archive Photos / Getty Images

1949

Archive Photos / Getty Images

1950

James W. Welgos / Getty Images

1951

Archive Photos / Getty Images

1952

Graphic House / Getty Images

1953

Michael Ochs Archives / Getty Images

1954

Archive Photos / Getty Images

1955

Michael Ochs Archives / Getty Images

1956

Phil Burchman / Getty Images

1957

Michael Ochs Archives / Getty Images

1958

Michael Ochs Archives / Getty Images

1959

Archive Photos / Getty Images

1960

Harvey Meston / Getty Images

1961

Express / Getty Images

1962

Michael Ochs Archives / Getty Images

1963

Michael Ochs Archives / Getty Images

1964

Archive Photos / Getty Images

1965

Harvey Meston / Getty Images

1966

Archive Photos / Getty Images

1967

Michael Ochs Archives / Getty Images

1968

Evening Standard / Getty Images

1969

Michael Ochs Archives / Getty Images

1970

Harvey Meston / Getty Images

1971

Space Frontiers / Getty Images

1972

Archive Photos / Getty Images

1973

Michael Ochs Archives / Getty Images

1974

Pictorial Parade / Getty Images

1975

Archive Photos / Getty Images

1976

Keystone / Getty Images

1977

Michael Ochs Archives / Getty Images

1978

Space Frontiers / Getty Images

1979

Tony Duffy / Getty Images

1980

FPG / Getty Images

1981

Gene Forte / Getty Images

1982

Hulton Archive / Getty Images

1983

Tony Duffy / Getty Images

1984

Michael Ochs Archives / Getty Images

1985

Space Frontiers / Getty Images

1986

Getty Images / Staff

1987

Rick Stewart / Getty Images

1988

Getty Images / Staff

1989

Pascal Rondeau / Getty Images

1990

Space Frontiers / Getty Images

1991

Public Domain / Wikimedia Commons

1992

Public Domain / Wikimedia Commons

1993

Public Domain / Wikimedia Commons

1994

Phil Cole / Getty Images

1995

Public Domain / Wikimedia Commons

1996

Jeff J Mitchell / Getty Images

1997

Doug Pensinger / Getty Images

1998

Space Frontiers / Getty Images

1999

USAF / Getty Images

2000

NASA / Getty Images

2001

Mark Wilson / Getty Images

2002

Mark Wilson / Getty Images

2003

Scott Barbour / Getty Images

2004

Chris Jackson / Getty Images

2005

Public Domain / Wikimedia Commons

2006

Wathiq Khuzaie / Getty Images

2007

David Paul Morris / Getty Images

2008

Spencer Platt / Getty Images

2009

Alex Wong / Getty Images

2010

Chris Graythen / Getty Images

2011

Majid Saeedi / Getty Images

2012

Peter Macdiarmid / Getty Images

2013

Michael Buckner / Getty Images

2014

Sean Gallup / Getty Images

2015

NASA / Getty Images

2016

Scott Olson / Getty Images

2017

NASA / Getty Images

2018

Justin Sullivan / Getty Images

2019

Anthony Kwan / Getty Images

2020

flyparade / Getty Images

What Gas Cost the Year You Were Born (1929–2020)
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020

What Gas Cost the Year You Were Born (1929–2020)

Gas prices are one of the most visible indicators of inflation in the United States, and they can change quickly depending on global events, oil production, and consumer demand. Because gasoline is such an everyday expense, even small increases can have a noticeable impact on household budgets.

Americans began paying closer attention to gas prices after the Arab oil embargo of 1973–74, when the average price of gasoline jumped from about 34 cents to 84 cents per gallon and fuel shortages led to rationing in many states. Since then, prices have continued to fluctuate. Gas first topped $1 per gallon in 1980, rose above $2 in 2005, and crossed $3 for the first time in 2008.

Many factors influence the price drivers see at the pump. Oil production, refining capacity, global supply and demand, transportation costs, and even financial market activity can all play a role in determining how much gasoline costs in any given year.

Methodology:
To determine the average cost of gasoline each year since 1929, we reviewed historical data from the U.S. Department of Energy's Office of Energy Efficiency & Renewable Energy and the U.S. Energy Information Administration (EIA).
For the average U.S. gasoline price from 1929 through 1993, we used the Average Historical Annual Gasoline Pump Price report published by the Office of Energy Efficiency & Renewable Energy. Prices from 1994 through 2020 were sourced from the EIA's historical annual gasoline price data.
Additional data on annual U.S. gas consumption, oil production, crude oil imports, and the average price of a barrel of oil also came from the EIA. Per-capita gasoline consumption figures were calculated using historical U.S. Census Bureau population data compiled by USAFacts.org. Inflation adjustments were made using the Bureau of Labor Statistics' Consumer Price Index, with all prices converted to 2015 dollars.

To top