Question: How Much Was Gas 1975?

Supporting Information

YearRetail Gasoline Price (Current dollars/gallon)Retail Gasoline Price (Constant 2015 dollars/gallon)
19750.571.98
19760.591.96
19770.621.94
19780.631.83

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How much was gas in 1976?

1976 Gas Price in Today’s Dollars. How much was inflation?

YearAmountYearly Inflation
1976$0.594.86%
1977$0.626.70%
1978$0.669.02%
1979$0.7213.29%

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How much was a gallon of milk in 1975?

1975: $1.57 per gallon

Though milk prices went up, they thankfully did not keep up with the rate of inflation (that would’ve meant that milk cost a whopping $1.85 per gallon in 1975).

How much was gas 1971?

In the year 1971, the average retail price of gas in the U.S. was $0.36.

1971 Gas Price in Today’s Dollars. How much was inflation?

YearAmountYearly Inflation
1975$0.476.94%
1976$0.504.86%
1977$0.536.70%
1978$0.569.02%

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How much was a gallon of gas in the 70s?

For the average American, drivers went from paying $0.36 per gallon at the pump in 1970 (which is equal to about $1.72 per gallon in today’s dollars) to $1.19 per gallon in 1980 (which is equivalent to about $2.95 per gallon). In the late ’70s and early ’80s, there was a massive global recession.