Supporting Information

Year Retail Gasoline Price (Current dollars/gallon) Retail Gasoline Price (Constant 2015 dollars/gallon)
1957 0.30 1.92
1958 0.31 1.94
1959 0.30 1.88
1960 0.31 1.86
Table of Contents

How much did shoes cost in 1959?

Buying power of $20 since 1950

Year USD Value Inflation Rate
1959 $26.00 4.12%
1960 $26.90 3.49%
1961 $27.13 0.84%
1962 $27.52 1.43%

What was the price of bread in 1959?

The average cost of a loaf of bread in 1959 was $0.20 (20 cents). In 2016, the average cost for a loaf of bread is $2.32.

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What was the price of gas in 1959?

How much was inflation? In the year 1959, the average retail price of gas in the U.S. was $0.31. This is equivalent to $2.76 in 2020 dollars. We determine the value of a dollar using the Consumer Price Index from December of the previous year. Inflation Calculator Home How much?

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What was the cost of a gallon of gas in 1960?

A gallon of (leaded) gas in the United States in 1960 cost only 31 cents! That sounds like an incredible bargain until you factor in inflation. 31 cents in 1960 is equivalent to $2.07in the year 2007. The national average cost of a gallon of unleaded regular gasoline in 2007 was $2.78, or about a 34% increase over the average price in 1960.

When was the last time gas was less than$ 2?

The last time the average price of gas was less than $2 was 15 years ago, in 2004. The average price of gas then was $1.88. How much was gas in the 90s? The average price of gas in the 1990’s was just shy of $1.15. What are the top five states with the highest average gas prices today?

What was the average price of gas in 1980?

The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon. When was the last time gas was under $2 a gallon? The last time the average price of gas was less than $2 was 15 years ago, in 2004. The average price of gas then was $1.88.