How Much Was A Gallon Of Milk In 1970

Below is a list of the best how much was a gallon of milk in 1970 voted by readers and compiled and edited by our team, let’s find out

In the early 1930s, an American motorist could pull up to the pump in a Ford Model T Speedster running on fumes, and for little more than a dollar drive away with a full tank. Today, the same amount of gasoline costs about $25.

Inflation is the primary reason for the increase in gas prices over time. However, while inflation affects the cost of all goods and services, the price of gasoline is subject to a number of additional market forces – and it can be uniquely volatile.

The average cost of a gallon of gas in the United States is the product of a number of interrelated global market forces. Foreign and domestic oil production, consumption, projected demand, financial markets, refining capacity, supply chain disruptions, transportation costs, futures speculation, and the value of the U.S. dollar all affect the price of gasoline.

Seemingly unrelated geopolitical and economic events can also influence the price of crude oil, which largely determines the price of a gallon of gas. For example, the cost of a barrel of oil more than doubled in the early 1970s, when oil-exporting Arab states imposed an embargo to retaliate against the United States for lending military aid to Israel. Similarly, the price of crude oil hit an all time high of over $160 per barrel during the 2008 global financial crisis. Today, crude oil prices are around $68 a barrel.

Adjusting the price of gasoline in the United States for inflation highlights just how much motorists actually pay for a gallon of gas. The average cost of a gallon in 2016 was just $2.14, well below the inflation-adjusted all-time high of $3.86 in 2012.

Similarly, though gas stations nationwide sold gas by the gallon for less than a quarter through much of the first half of the 20th century, accounting for inflation, it was not until the 1990s that real gas prices hit an all-time low.

24/7 Wall Street reviewed data from the U.S. Energy Information Administration to determine the average cost of a gallon of gas every year since 1929. We also reviewed the price of a barrel of oil each year, average daily U.S. oil production, and gasoline consumption. Annual data on total gasoline consumption and per capita consumption is only available from 1945 through the present.

More: Employment stagnation: Which city in your state is weakest for job growth?

247WallSt.com 247WS 481404 imageforentry1251

1929

Price per gallon (inflation adj.): $0.21 ($2.41)
Price per barrel (inflation adj.): $1.27 ($14.30)
U.S. oil production: 2.8 million barrels per day

247WallSt.com 247WS 481404 imageforentry2200

1930

Price per gallon (inflation adj.): $0.20 ($2.33)
Price per barrel (inflation adj.): $1.19 ($13.91)
U.S. oil production: 2.5 million barrels per day

1931

Price per gallon (inflation adj.): $0.17 ($2.21)
Price per barrel (inflation adj.): $0.65 ($8.47)
U.S. oil production: 2.3 million barrels per day

1932

Price per gallon (inflation adj.): $0.18 ($2.65)
Price per barrel (inflation adj.): $0.87 ($12.84)
U.S. oil production: 2.1 million barrels per day

1933

Price per gallon (inflation adj.): $0.18 ($2.70)
Price per barrel (inflation adj.): $0.67 ($10.17)
U.S. oil production: 2.5 million barrels per day

1934

Price per gallon (inflation adj.): $0.19 ($2.71)
Price per barrel (inflation adj.): $1.00 ($14.38)
U.S. oil production: 2.5 million barrels per day

247WallSt.com 247WS 481404 imageforentry785

1935

Price per gallon (inflation adj.): $0.19 ($2.66)
Price per barrel (inflation adj.): $0.97 ($13.67)
U.S. oil production: 2.7 million barrels per day

1936

Price per gallon (inflation adj.): $0.19 ($2.71)
Price per barrel (inflation adj.): $1.09 ($15.18)
U.S. oil production: 3.0 million barrels per day

1937

Price per gallon (inflation adj.): $0.20 ($2.67)
Price per barrel (inflation adj.): $1.18 ($15.75)
U.S. oil production: 3.5 million barrels per day

247WallSt.com 247WS 481404 imageforentry1048

1938

Price per gallon (inflation adj.): $0.20 ($2.68)
Price per barrel (inflation adj.): $1.13 ($15.53)
U.S. oil production: 3.3 million barrels per day

1939

Price per gallon (inflation adj.): $0.19 ($2.60)
Price per barrel (inflation adj.): $1.02 ($14.15)
U.S. oil production: 3.5 million barrels per day

247WallSt.com 247WS 481404 imageforentry1252

1940

Price per gallon (inflation adj.): $0.18 ($2.52)
Price per barrel (inflation adj.): $1.02 ($13.98)
U.S. oil production: 4.1 million barrels per day

1941

Price per gallon (inflation adj.): $0.19 ($2.47)
Price per barrel (inflation adj.): $1.14 ($14.64)
U.S. oil production: 3.8 million barrels per day

More: These are the 25 worst cities in the U.S. to raise children

1942

Price per gallon (inflation adj.): $0.20 ($2.43)
Price per barrel (inflation adj.): $1.19 ($14.16)
U.S. oil production: 3.8 million barrels per day

1943

Price per gallon (inflation adj.): $0.21 ($2.34)
Price per barrel (inflation adj.): $1.20 ($13.65)
U.S. oil production: 4.1 million barrels per day

1944

Price per gallon (inflation adj.): $0.21 ($2.29)
Price per barrel (inflation adj.): $1.21 ($13.45)
U.S. oil production: 4.6 million barrels per day

1945

Price per gallon (inflation adj.): $0.20 ($2.22)
Price per barrel (inflation adj.): $1.22 ($13.22)
U.S. gas consumption: 579.3 million barrels
Per capita consumption: 173.9 gallon
U.S. oil production: 4.7 million barrels per day

1946

Price per gallon (inflation adj.): $0.21 ($1.99)
Price per barrel (inflation adj.): $1.41 ($13.53)
U.S. gas consumption: 722.5 million barrels
Per capita consumption: 214.6 gallons
U.S. oil production: 4.7 million barrels per day

1947

Price per gallon (inflation adj.): $0.23 ($2.00)
Price per barrel (inflation adj.): $1.93 ($16.69)
U.S. gas consumption: 773.4 million barrels
Per capita consumption: 225.4 gallons
U.S. oil production: 5.1 million barrels per day

1948

Price per gallon (inflation adj.): $0.26 ($2.12)
Price per barrel (inflation adj.): $2.60 ($21.30)
U.S. gas consumption: 834.6 million barrels
Per capita consumption: 239.0 gallons
U.S. oil production: 5.5 million barrels per day

1949

Price per gallon (inflation adj.): $0.27 ($2.20)
Price per barrel (inflation adj.): $2.54 ($20.84)
U.S. gas consumption: 879.7 million barrels
Per capita consumption: 247.7 gallons
U.S. oil production: 5.0 million barrels per day

247WallSt.com 247WS 481404 imageforentry2241

1950

Price per gallon (inflation adj.): $0.27 ($2.17)
Price per barrel (inflation adj.): $2.51 ($20.35)
U.S. gas consumption: 954.8 million barrels
Per capita consumption: 263.3 gallons
U.S. oil production: 5.4 million barrels per day

1951

Price per gallon (inflation adj.): $0.27 ($2.06)
Price per barrel (inflation adj.): $2.53 ($19.16)
U.S. gas consumption: 1.1 billion barrels
Per capita consumption: 295.5 gallons
U.S. oil production: 6.2 million barrels per day

1952

Price per gallon (inflation adj.): $0.27 ($2.04)
Price per barrel (inflation adj.): $2.53 ($18.83)
U.S. gas consumption: 1.1 billion barrels
Per capita consumption: 288.2 gallons
U.S. oil production: 6.3 million barrels per day

More: Priced out of the market? Cities where the middle class can no longer afford a home

1953

Price per gallon (inflation adj.): $0.29 ($2.11)
Price per barrel (inflation adj.): $2.68 ($19.71)
U.S. gas consumption: 1.1 billion barrels
Per capita consumption: 297.6 gallons
U.S. oil production: 6.5 million barrels per day

1954

Price per gallon (inflation adj.): $0.29 ($2.11)
Price per barrel (inflation adj.): $2.78 ($20.25)
U.S. gas consumption: 1.2 billion barrels
Per capita consumption: 300.3 gallons
U.S. oil production: 6.3 million barrels per day

247WallSt.com 247WS 481404 imageforentry2730

1955

Price per gallon (inflation adj.): $0.29 ($2.08)
Price per barrel (inflation adj.): $2.77 ($19.84)
U.S. gas consumption: 1.3 billion barrels
Per capita consumption: 320.0 gallons
U.S. oil production: 6.8 million barrels per day

1956

Price per gallon (inflation adj.): $0.30 ($2.07)
Price per barrel (inflation adj.): $2.79 ($19.32)
U.S. gas consumption: 1.3 billion barrels
Per capita consumption: 322.9 gallons
U.S. oil production: 7.2 million barrels per day

1957

Price per gallon (inflation adj.): $0.31 ($2.08)
Price per barrel (inflation adj.): $3.09 ($20.71)
U.S. gas consumption: 1.3 billion barrels
Per capita consumption: 322.2 gallons
U.S. oil production: 7.2 million barrels per day

1958

Price per gallon (inflation adj.): $0.30 ($1.99)
Price per barrel (inflation adj.): $3.01 ($19.73)
U.S. gas consumption: 1.4 billion barrels
Per capita consumption: 325.3 gallons
U.S. oil production: 6.7 million barrels per day

1959

Price per gallon (inflation adj.): $0.30 ($1.97)
Price per barrel (inflation adj.): $2.90 ($18.75)
U.S. gas consumption: 1.4 billion barrels
Per capita consumption: 332.7 gallons
U.S. oil production: 7.1 million barrels per day

247WallSt.com 247WS 481404 imageforentry3232

1960

Price per gallon (inflation adj.): $0.31 ($1.98)
Price per barrel (inflation adj.): $2.88 ($18.37)
U.S. gas consumption: 1.5 billion barrels
Per capita consumption: 337.7 gallons
U.S. oil production: 7.0 million barrels per day

1961

Price per gallon (inflation adj.): $0.31 ($1.94)
Price per barrel (inflation adj.): $2.89 ($18.23)
U.S. gas consumption: 1.5 billion barrels
Per capita consumption: 337.4 gallons
U.S. oil production: 7.2 million barrels per day

247WallSt.com 247WS 481404 imageforentry3429

1962

Price per gallon (inflation adj.): $0.31 ($1.91)
Price per barrel (inflation adj.): $2.90 ($18.07)
U.S. gas consumption: 1.5 billion barrels
Per capita consumption: 345.1 gallons
U.S. oil production: 7.3 million barrels per day

1963

Price per gallon (inflation adj.): $0.30 ($1.87)
Price per barrel (inflation adj.): $2.89 ($17.81)
U.S. gas consumption: 1.6 billion barrels
Per capita consumption: 351.1 gallons
U.S. oil production: 7.5 million barrels per day

More: What city is adding the most jobs in your state? A look at who’s hiring

1964

Price per gallon (inflation adj.): $0.30 ($1.84)
Price per barrel (inflation adj.): $2.88 ($17.48)
U.S. gas consumption: 1.6 billion barrels
Per capita consumption: 352.7 gallons
U.S. oil production: 7.6 million barrels per day

247WallSt.com 247WS 481404 imageforentry3728

1965

Price per gallon (inflation adj.): $0.31 ($1.86)
Price per barrel (inflation adj.): $2.86 ($17.04)
U.S. gas consumption: 1.7 billion barrels
Per capita consumption: 362.3 gallons
U.S. oil production: 7.8 million barrels per day

1966

Price per gallon (inflation adj.): $0.32 ($1.86)
Price per barrel (inflation adj.): $2.88 ($16.69)
U.S. gas consumption: 1.8 billion barrels
Per capita consumption: 375.0 gallons
U.S. oil production: 8.3 million barrels per day

247WallSt.com 247WS 481404 imageforentry3926

1967

Price per gallon (inflation adj.): $0.33 ($1.87)
Price per barrel (inflation adj.): $2.92 ($16.45)
U.S. gas consumption: 1.8 billion barrels
Per capita consumption: 382.5 gallons
U.S. oil production: 8.8 million barrels per day

1968

Price per gallon (inflation adj.): $0.34 ($1.82)
Price per barrel (inflation adj.): $2.94 ($15.88)
U.S. gas consumption: 1.9 billion barrels
Per capita consumption: 402.9 gallons
U.S. oil production: 9.1 million barrels per day

1969

Price per gallon (inflation adj.): $0.35 ($1.79)
Price per barrel (inflation adj.): $3.09 ($15.91)
U.S. gas consumption: 2.0 billion barrels
Per capita consumption: 418.0 gallons
U.S. oil production: 9.2 million barrels per day

1970

Price per gallon (inflation adj.): $0.36 ($1.75)
Price per barrel (inflation adj.): $3.18 ($15.55)
U.S. gas consumption: 2.1 billion barrels
Per capita consumption: 432.5 gallons
U.S. oil production: 9.6 million barrels per day

1971

Price per gallon (inflation adj.): $0.36 ($1.69)
Price per barrel (inflation adj.): $3.39 ($15.78)
U.S. gas consumption: 2.2 billion barrels
Per capita consumption: 444.0 gallons
U.S. oil production: 9.5 million barrels per day

1972

Price per gallon (inflation adj.): $0.36 ($1.61)
Price per barrel (inflation adj.): $3.39 ($15.13)
U.S. gas consumption: 2.3 billion barrels
Per capita consumption: 467.0 gallons
U.S. oil production: 9.4 million barrels per day

1973

Price per gallon (inflation adj.): $0.39 ($1.64)
Price per barrel (inflation adj.): $3.89 ($16.46)
U.S. gas consumption: 2.4 billion barrels
Per capita consumption: 482.8 gallons
U.S. oil production: 9.2 million barrels per day

More: Infrastructure spending: Which state is falling apart the worst?

1974

Price per gallon (inflation adj.): $0.53 ($2.07)
Price per barrel (inflation adj.): $6.87 ($26.67)
U.S. gas consumption: 2.4 billion barrels
Per capita consumption: 468.6 gallons
U.S. oil production: 8.8 million barrels per day

1975

Price per gallon (inflation adj.): $0.57 ($2.01)
Price per barrel (inflation adj.): $7.67 ($27.26)
U.S. gas consumption: 2.4 billion barrels
Per capita consumption: 473.8 gallons
U.S. oil production: 8.4 million barrels per day

1976

Price per gallon (inflation adj.): $0.59 ($1.99)
Price per barrel (inflation adj.): $8.19 ($27.59)
U.S. gas consumption: 2.6 billion barrels
Per capita consumption: 491.9 gallons
U.S. oil production: 8.1 million barrels per day

1977

Price per gallon (inflation adj.): $0.62 ($1.97)
Price per barrel (inflation adj.): $8.57 ($27.18)
U.S. gas consumption: 2.6 billion barrels
Per capita consumption: 499.6 gallons
U.S. oil production: 8.2 million barrels per day

1978

Price per gallon (inflation adj.): $0.63 ($1.86)
Price per barrel (inflation adj.): $9.00 ($26.67)
U.S. gas consumption: 2.7 billion barrels
Per capita consumption: 510.5 gallons
U.S. oil production: 8.7 million barrels per day

1979

Price per gallon (inflation adj.): $0.86 ($2.35)
Price per barrel (inflation adj.): $12.64 ($34.61)
U.S. gas consumption: 2.6 billion barrels
Per capita consumption: 479.2 gallons
U.S. oil production: 8.6 million barrels per day

1980

Price per gallon (inflation adj.): $1.19 ($2.99)
Price per barrel (inflation adj.): $21.59 ($54.22)
U.S. gas consumption: 2.4 billion barrels
Per capita consumption: 445.0 gallons
U.S. oil production: 8.6 million barrels per day

1981

Price per gallon (inflation adj.): $1.31 ($3.01)
Price per barrel (inflation adj.): $31.77 ($72.97)
U.S. gas consumption: 2.4 billion barrels
Per capita consumption: 440.1 gallons
U.S. oil production: 8.6 million barrels per day

247WallSt.com 247WS 481404 imageforentry5410

1982

Price per gallon (inflation adj.): $1.22 ($2.64)
Price per barrel (inflation adj.): $28.52 ($61.68)
U.S. gas consumption: 2.4 billion barrels
Per capita consumption: 432.7 gallons
U.S. oil production: 8.6 million barrels per day

1983

Price per gallon (inflation adj.): $1.16 ($2.41)
Price per barrel (inflation adj.): $26.19 ($54.49)
U.S. gas consumption: 2.4 billion barrels
Per capita consumption: 434.2 gallons
U.S. oil production: 8.7 million barrels per day

More: Looking for love: How much does the average date cost in your state?

1984

Price per gallon (inflation adj.): $1.13 ($2.27)
Price per barrel (inflation adj.): $25.88 ($52.00)
U.S. gas consumption: 2.4 billion barrels
Per capita consumption: 436.2 gallons
U.S. oil production: 8.9 million barrels per day

1985

Price per gallon (inflation adj.): $1.12 ($2.17)
Price per barrel (inflation adj.): $24.09 ($46.90)
U.S. gas consumption: 2.5 billion barrels
Per capita consumption: 440.1 gallons
U.S. oil production: 9.0 million barrels per day

1986

Price per gallon (inflation adj.): $0.86 ($1.64)
Price per barrel (inflation adj.): $12.51 ($23.87)
U.S. gas consumption: 2.6 billion barrels
Per capita consumption: 449.1 gallons
U.S. oil production: 8.7 million barrels per day

247WallSt.com 247WS 481404 imageforentry596

1987

Price per gallon (inflation adj.): $0.90 ($1.67)
Price per barrel (inflation adj.): $15.40 ($28.66)
U.S. gas consumption: 2.6 billion barrels
Per capita consumption: 455.9 gallons
U.S. oil production: 8.3 million barrels per day

1988

Price per gallon (inflation adj.): $0.90 ($1.62)
Price per barrel (inflation adj.): $12.58 ($22.62)
U.S. gas consumption: 2.7 billion barrels
Per capita consumption: 461.3 gallon
U.S. oil production: 8.1 million barrels per day

1989

Price per gallon (inflation adj.): $1.00 ($1.73)
Price per barrel (inflation adj.): $15.86 ($27.45)
U.S. gas consumption: 2.7 billion barrels
Per capita consumption: 455.1 gallons
U.S. oil production: 7.6 million barrels per day

1990

Price per gallon (inflation adj.): $1.15 ($1.92)
Price per barrel (inflation adj.): $20.03 ($33.43)
U.S. gas consumption: 2.6 billion barrels
Per capita consumption: 444.6 gallons
U.S. oil production: 7.4 million barrels per day

1991

Price per gallon (inflation adj.): $1.14 ($1.84)
Price per barrel (inflation adj.): $16.54 ($26.72)
U.S. gas consumption: 2.6 billion barrels
Per capita consumption: 437.0 gallons
U.S. oil production: 7.4 million barrels per day

More: Profitable eateries: 50 highest grossing restaurants in the US

1992

Price per gallon (inflation adj.): $1.13 ($1.78)
Price per barrel (inflation adj.): $15.99 ($25.25)
U.S. gas consumption: 2.7 billion barrels
Per capita consumption: 438.1 gallons
U.S. oil production: 7.2 million barrels per day

1993

Price per gallon (inflation adj.): $1.11 ($1.71)
Price per barrel (inflation adj.): $14.25 ($21.98)
U.S. gas consumption: 2.7 billion barrels
Per capita consumption: 444.6 gallons
U.S. oil production: 6.8 million barrels per day

1994

Price per gallon (inflation adj.): $1.11 ($1.68)
Price per barrel (inflation adj.): $13.19 ($19.92)
U.S. gas consumption: 2.8 billion barrels
Per capita consumption: 447.6 gallons
U.S. oil production: 6.7 million barrels per day

1995

Price per gallon (inflation adj.): $1.15 ($1.70)
Price per barrel (inflation adj.): $14.62 ($21.63)
U.S. gas consumption: 2.8 billion barrels
Per capita consumption: 454.3 gallons
U.S. oil production: 6.6 million barrels per day

1996

Price per gallon (inflation adj.): $1.23 ($1.79)
Price per barrel (inflation adj.): $18.46 ($26.82)
U.S. gas consumption: 2.9 billion barrels
Per capita consumption: 457.3 gallons
U.S. oil production: 6.5 million barrels per day

1997

Price per gallon (inflation adj.): $1.23 ($1.76)
Price per barrel (inflation adj.): $17.23 ($24.61)
U.S. gas consumption: 2.9 billion barrels
Per capita consumption: 458.9 gallons
U.S. oil production: 6.5 million barrels per day

1998

Price per gallon (inflation adj.): $1.06 ($1.50)
Price per barrel (inflation adj.): $10.87 ($15.36)
U.S. gas consumption: 3.0 billion barrels
Per capita consumption: 468.2 gallons
U.S. oil production: 6.3 million barrels per day

1999

Price per gallon (inflation adj.): $1.17 ($1.62)
Price per barrel (inflation adj.): $15.56 ($21.66)
U.S. gas consumption: 3.1 billion barrels
Per capita consumption: 474.0 gallons
U.S. oil production: 5.9 million barrels per day

2000

Price per gallon (inflation adj.): $1.51 ($2.06)
Price per barrel (inflation adj.): $26.72 ($36.36)
U.S. gas consumption: 3.1 billion barrels
Per capita consumption: 461.6 gallons
U.S. oil production: 5.8 million barrels per day

2001

Price per gallon (inflation adj.): $1.46 ($1.94)
Price per barrel (inflation adj.): $21.84 ($29.06)
U.S. gas consumption: 3.1 billion barrels
Per capita consumption: 463.2 gallons
U.S. oil production: 5.8 million barrels per day

2002

Price per gallon (inflation adj.): $1.36 ($1.78)
Price per barrel (inflation adj.): $22.51 ($29.50)
U.S. gas consumption: 3.2 billion barrels
Per capita consumption: 471.6 gallons
U.S. oil production: 5.7 million barrels per day

2003

Price per gallon (inflation adj.): $1.59 ($2.04)
Price per barrel (inflation adj.): $27.56 ($35.41)
U.S. gas consumption: 3.3 billion barrels
Per capita consumption: 472.1 gallons
U.S. oil production: 5.6 million barrels per day

More: What are the worst floods in American history? a rundown of the Top 30

2004

Price per gallon (inflation adj.): $1.88 ($2.35)
Price per barrel (inflation adj.): $36.77 ($45.98)
U.S. gas consumption: 3.3 billion barrels
Per capita consumption: 478.0 gallons
U.S. oil production: 5.4 million barrels per day

2005

Price per gallon (inflation adj.): $2.30 ($2.78)
Price per barrel (inflation adj.): $50.28 ($60.92)
U.S. gas consumption: 3.3 billion barrels
Per capita consumption: 475.1 gallons
U.S. oil production: 5.2 million barrels per day

2006

Price per gallon (inflation adj.): $2.59 ($3.04)
Price per barrel (inflation adj.): $59.69 ($70.16)
U.S. gas consumption: 3.4 billion barrels
Per capita consumption: 475.4 gallons
U.S. oil production: 5.1 million barrels per day

2007

Price per gallon (inflation adj.): $2.80 ($3.21)
Price per barrel (inflation adj.): $66.52 ($76.16)
U.S. gas consumption: 3.4 billion barrels
Per capita consumption: 472.6 gallons
U.S. oil production: 5.1 million barrels per day

247WallSt.com 247WS 481404 imageforentry805

2008

Price per gallon (inflation adj.): $3.27 ($3.67)
Price per barrel (inflation adj.): $94.04 ($105.60)
U.S. gas consumption: 3.3 billion barrels
Per capita consumption: 454.4 gallons
U.S. oil production: 5.0 million barrels per day

2009

Price per gallon (inflation adj.): $2.35 ($2.62)
Price per barrel (inflation adj.): $56.35 ($62.80)
U.S. gas consumption: 3.3 billion barrels
Per capita consumption: 449.6 gallons
U.S. oil production: 5.3 million barrels per day

247WallSt.com 247WS 481404 imageforentry8213

2010

Price per gallon (inflation adj.): $2.79 ($3.07)
Price per barrel (inflation adj.): $74.71 ($82.26)
U.S. gas consumption: 3.3 billion barrels
Per capita consumption: 445.6 gallons
U.S. oil production: 5.5 million barrels per day

2011

Price per gallon (inflation adj.): $3.53 ($3.80)
Price per barrel (inflation adj.): $95.73 ($103.27)
U.S. gas consumption: 3.2 billion barrels
Per capita consumption: 430.5 gallons
U.S. oil production: 5.6 million barrels per day

More: Which state is America’s most miserable? An analysis of well-being

2012

Price per gallon (inflation adj.): $3.64 ($3.86)
Price per barrel (inflation adj.): $94.52 ($100.12)
U.S. gas consumption: 3.2 billion barrels
Per capita consumption: 424.9 gallons
U.S. oil production: 6.5 million barrels per day

2013

Price per gallon (inflation adj.): $3.53 ($3.68)
Price per barrel (inflation adj.): $95.99 ($100.06)
U.S. gas consumption: 3.2 billion barrels
Per capita consumption: 428.4 gallons
U.S. oil production: 7.5 million barrels per day

2014

Price per gallon (inflation adj.): $3.37 ($3.45)
Price per barrel (inflation adj.): $87.39 ($89.49)
U.S. gas consumption: 3.3 billion barrels
Per capita consumption: 428.8 gallons
U.S. oil production: 8.8 million barrels per day

2015

Price per gallon (inflation adj.): $2.45 ($2.48)
Price per barrel (inflation adj.): $44.39 ($44.97)
U.S. gas consumption: 3.4 billion barrels
Per capita consumption: 437.8 gallons
U.S. oil production: 9.4 million barrels per day

2016

Price per gallon (inflation adj.): $2.14 ($2.14)
Price per barrel (inflation adj.): $38.29 ($38.29)
U.S. gas consumption: 3.4 billion barrels
Per capita consumption: 442.9 gallons
U.S. oil production: 8.9 million barrels per day

Methodology

To identify the price of gas the year you were born, 24/7 Wall Street reviewed the inflation-adjusted annual average price of a gallon of regular gasoline (leaded pre-1990) from the U.S. Energy Information Administration’s May 2017 Monthly Energy Review (table 9.4).

The average price of a barrel of crude oil and annual gasoline consumption also came from the EIA. Annual U.S. crude oil imports and production also came from the EIA.

Per-capita gas consumption was calculated using population estimates from the U.S. Census Bureau. All inflation-adjusted prices are tied to 2016 dollars.

24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

Top 7 how much was a gallon of milk in 1970 edited by Top Chef

A Look Back At What Things Used to Cost

Author: farmersalmanac.com
Published: 02/26/2022
Review: 4.96 (892 vote)
Summary: gas, milk, bread, and the cost of a home — from 100 years ago to today. … I only got 3 full bags, a gallon of milk and a 24 pack of bottled water

How to take apart a bunn coffee maker

Retail Prices of Selected Foods in U.S. Cities, 1890-2015

Author: infoplease.com
Published: 09/21/2022
Review: 4.49 (402 vote)
Summary: Milk (1/2 gal.) Oranges (doz.) Potatoes (10 lbs), Coffee … Historical Statistics of the United States, Colonial Times to 1970, Bicentennial Edition,
Matching search: 24/7 Wall Street reviewed data from the U.S. Energy Information Administration to determine the average cost of a gallon of gas every year since 1929. We also reviewed the price of a barrel of oil each year, average daily U.S. oil production, and …

Heres the Price of Milk the Year You Were Born

Author: tasteofhome.com
Published: 04/13/2022
Review: 4.26 (411 vote)
Summary: 1970: $1.32 per gallon This meant schoolchildren all over the country drank more milk, which raised prices in the short term but also motivated dairy farmers to increase production. By 1970, milk prices had reached $1.32 per gallon, right on par with the rate of inflation
Matching search: The Depression stretched on, and dairy farmers started keeping fewer cows and producing less milk. The farmers also went on “milk strikes,” demanding the government’s help in raising prices. By 1935, efforts had paid off and milk prices were up …

Details

What do you call a cow that never gives milk

Average Gas Prices in the U.S. Through History – TitleMax

Author: titlemax.com
Published: 09/22/2022
Review: 4.02 (436 vote)
Summary: Do you remember when gas was 36 cents a gallon in 1970?! … the gas price history of the United States to see how much a gallon of gas … Price of Milk
Matching search: What’s important to remember is that every time there’s a sharp increase in oil prices, it also affects people’s lives. High oil prices have a negative impact on retailers, the auto industry, public transportation, grocers, employees’ raises, new …

Details

RPI :Ave price – Milk: Pasteurised, per pint

Author: ons.gov.uk
Published: 02/21/2022
Review: 3.81 (434 vote)
Summary: We would like to use cookies to collect information about how you use ons.gov.uk. We use this information to make the website work as well as possible and
Matching search: What’s important to remember is that every time there’s a sharp increase in oil prices, it also affects people’s lives. High oil prices have a negative impact on retailers, the auto industry, public transportation, grocers, employees’ raises, new …

Cocktail made with lime juice and gin crossword

How much did things cost in the 1970s?

Author: retrowow.co.uk
Published: 12/24/2021
Review: 3.6 (314 vote)
Summary: In 1970s a gallon of petrol cost 6s 8d (33p), at the end of the decade it was just short of the pyschological £1 per gallon. Source: Petrol prices 1896 to
Matching search: In 1976 you paid a quarterly rental of £8.91 and you paid for each call you made. That was for a basic dial telephone. If you wanted a Trimphone you paid an extra 75½p per quarter (remember the decimal half penny?). There were also push button …

Details

Milk used to cost 1.32 per Gallon!

Author: harbordriveholdings.com
Published: 06/08/2022
Review: 3.57 (598 vote)
Summary: I don’t mean to pick on milk here (my kids love milk!), but let’s do the same with milk over the same timeline. In 1970, a gallon of milk cost $1.32. Today, if
Matching search: Our network of investors are taking action by allocating a portion of their investments to private real estate opportunities. We’d love for you to join us on our next deal if the timing is right for you, and our offering fits your investment goals. …

Details