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Guzzling Gas

More than a year after Russia invaded Ukraine, gas prices have fallen to about $3.44 this week. Though last year's record spike above $5 was attributed to the war, major price fluctuations don’t always occur during times of upheaval and crisis. Using data from the Department of Energy, Cheapism determined the average cost of a gallon of gas every year from 1940 through today, showing the price in 2023 dollars. (Prices are for regular leaded through 1990, then for regular unleaded.) Despite constant ups and downs and the 2022 pain at the pump, significant swings in gas prices are relatively rare.


Related:
How Gas Stations Have Transformed Over the Past Century

Etsy
Etsy
eBay

1942

  • Price per gallon: 20 cents 
  • Adjusted for inflation: $3.83

Related: What People Will (and Won't) Do if Gas Gets Even Pricier

eBay
eBay

1944

  • Price per gallon: 21 cents 
  • Adjusted for inflation: $3.63
eBay

1945

  • Price per gallon: 21 cents 
  • Adjusted for inflation: $3.55
eBay

1946

  • Price per gallon: 21 cents 
  • Adjusted for inflation: $3.47
eBay

1947

  • Price per gallon: 23 cents 
  • Adjusted for inflation: $3.22
eBay

1948

  • Price per gallon: 26 cents 
  • Adjusted for inflation: $3.30
eBay

1949

  • Price per gallon: 27 cents 
  • Adjusted for inflation: $3.38
Etsy
eBay

1951

  • Price per gallon: 27 cents 
  • Adjusted for inflation: $3.20
eBay

1952

  • Price per gallon: 27 cents 
  • Adjusted for inflation: $3.07
Michael Ochs Archives/Stringer/Michael Ochs Archives

1953

  • Price per gallon: 29 cents 
  • Adjusted for inflation: $3.28
eBay

1954

  • Price per gallon: 29 cents 
  • Adjusted for inflation: $3.24
FPG/Getty Images

1955

  • Price per gallon: 29 cents 
  • Adjusted for inflation: $3.27
eBay

1956

  • Price per gallon: 30 cents
  • Adjusted for inflation: $3.37
eBay

1957

  • Price per gallon: 31 cents 
  • Adjusted for inflation: $3.38
eBay

1958

  • Price per gallon: 30 cents 
  • Adjusted for inflation: $3.16
eBay

1959

  • Price per gallon: 31 cents 
  • Adjusted for inflation: $3.22
eBay

1960

  • Price per gallon: 31 cents 
  • Adjusted for inflation: $3.18
eBay

1961

  • Price per gallon: 31 cents 
  • Adjusted for inflation: $3.13
eBay

1962

  • Price per gallon: 31 cents 
  • Adjusted for inflation: $3.13
eBay

1963

  • Price per gallon: 30 cents 
  • Adjusted for inflation: $2.97
eBay

1964

  • Price per gallon: 30 cents 
  • Adjusted for inflation: $2.92
eBay

1965

  • Price per gallon: 31 cents
  • Adjusted for inflation: $2.99
eBay

1966

  • Price per gallon: 32 cents
  • Adjusted for inflation: $3.03
eBay

1967

  • Price per gallon: 33 cents 
  • Adjusted for inflation: $3.02
eBay

1968

  • Price per gallon: 34 cents 
  • Adjusted for inflation: $3 
eBay

1969

  • Price per gallon: 35 cents 
  • Adjusted for inflation: $2.96
eBay

1970

  • Price per gallon: 36 cents
  • Adjusted for inflation: $2.87
eBay

1971

  • Price per gallon: 36 cents
  • Adjusted for inflation: $2.72
eBay

1972

  • Price per gallon: 36 cents 
  • Adjusted for inflation: $2.64
Wikimedia Commons

1973

  • Price per gallon: 39 cents 
  • Adjusted for inflation: $2.75
1974 Mobil Gas Station by Chuck Patch (CC BY-NC)

1974

  • Price per gallon: 53 cents 
  • Adjusted for inflation: $3.42
Archive Photos/Stringer

1975

  • Price per gallon: 57 cents 
  • Adjusted for inflation: $3.29
Harold M. Lambert / Contributor / Archive Photos

1976

  • Price per gallon: 59 cents 
  • Adjusted for inflation: $3.19
eBay

1977

  • Price per gallon: 62 cents 
  • Adjusted for inflation: $3.19
eBay

1978

  • Price per gallon: 63 cents 
  • Adjusted for inflation: $3.03
Frederic Lewis/Staff/Archive Photos

1979

  • Price per gallon: 86 cents 
  • Adjusted for inflation: $3.79
eBay

1980

  • Price per gallon: $1.19 
  • Adjusted for inflation: $4.60
eBay

1981

  • Price per gallon: $1.31 
  • Adjusted for inflation: $4.53
eBay

1982

  • Price per gallon: $1.22 
  • Adjusted for inflation: $3.89
eBay

1983

  • Price per gallon: $1.16 
  • Adjusted for inflation: $3.57
eBay

1984

  • Price per gallon: $1.13 
  • Adjusted for inflation: $3.34
1985 Gas Station by Champaign Co History Museum Follow (CC BY-NC)

1985

  • Price per gallon: $1.12 
  • Adjusted for inflation: $3.19
eBay

1986

  • Price per gallon: 86 cents 
  • Adjusted for inflation: $2.36
gas station, long island, 1987 by Franz Jachim (CC BY-NC-ND)

1987

  • Price per gallon: 90 cents 
  • Adjusted for inflation: $2.43
eBay

1988

  • Price per gallon: 90 cents 
  • Adjusted for inflation: $2.34

eBay

1989

  • Price per gallon: $1 
  • Adjusted for inflation: $2.48
eBay

1990

  • Price per gallon: $1.15 
  • Adjusted for inflation: $2.72
Pioneer gas station, Yonge Street and Millwood Road by Toronto History (CC BY)

1991

  • Price per gallon: $1.14 
  • Adjusted for inflation: $2.55
50th Anniversary by Sean Benham (CC BY-ND)

1992

  • Price per gallon: $1.13 
  • Adjusted for inflation: $2.46
Zephyr Gas Station, Galesburg, IL by David Wilson (CC BY)

1993

  • Price per gallon: $1.11 
  • Adjusted for inflation: $2.34
eBay

1994

  • Price per gallon: $1.11 
  • Adjusted for inflation: $2.28
19950910 Shell Gas Station, Beloit, WI by David Wilson (CC BY)

1995

  • Price per gallon: $1.15 
  • Adjusted for inflation: $2.30
Ontario Street, Looking West, Chicago, 1996 by Steven Martin (CC BY-NC-ND)

1996

  • Price per gallon: $1.23 
  • Adjusted for inflation: $2.40
eBay

1997

  • Price per gallon: $1.23 
  • Adjusted for inflation: $2.33
19980328 06 Standard Gas Station Trinidad, CO by David Wilson (CC BY)

1998

  • Price per gallon: $1.06 
  • Adjusted for inflation: $1.97
Treasure Island: Abandoned gas station by Todd Lappin (CC BY-NC)

1999

  • Price per gallon: $1.17 
  • Adjusted for inflation: $2.14
Chevron Station by Phil Gyford (CC BY-NC-ND)

2000

  • Price per gallon: $1.51 
  • Adjusted for inflation: $2.69
Random Gas Station in West Virginia by Drew Allen (CC BY-NC-ND)

2001

  • Price per gallon: $1.46 
  • Adjusted for inflation: $2.51
Sunoco Snack Shop by David (CC BY-NC-ND)

2002

  • Price per gallon: $1.36 
  • Adjusted for inflation: $2.31
hot spot gas station by Colin Mutchler (CC BY)

2003

  • Price per gallon: $1.59 
  • Adjusted for inflation: $2.63
New Tops gas station 2004 by gardener41 (CC BY-SA)

2004

  • Price per gallon: $1.88 
  • Adjusted for inflation: $3.05
2005 Gas Station by K Hardy (CC BY-NC-ND)

2005

  • Price per gallon: $2.30 
  • Adjusted for inflation: $3.63
Hemmings Motor News Gas Station by Joe Ross (CC BY)

2006

  • Price per gallon: $2.59 
  • Adjusted for inflation: $3.93
BP Gas Station, Sunrise FL by NNECAPA Photo Library (CC BY)

2007

  • Price per gallon: $2.80 
  • Adjusted for inflation: $4.16
Justin Sullivan/Staff/Getty Images News/Getty Images North America

2008

  • Price per gallon: $3.27 
  • Adjusted for inflation: $4.66
Scott Olson/Staff/Getty Images News/Getty Images North America

2009

  • Price per gallon: $2.35 
  • Adjusted for inflation: $3.35
Joe Raedle/Staff/Getty Images News/Getty Images North America

2010

  • Price per gallon: $2.79 
  • Adjusted for inflation: $3.87
MATJAZ SLANIC/istockphoto

2011

  • Price per gallon: $3.53 
  • Adjusted for inflation: $4.82
Bruce Bennett/Staff/Getty Images News/Getty Images North America

2012

  • Price per gallon: $3.64 
  • Adjusted for inflation: $4.83
Joe Raedle/Staff/Getty Images News/Getty Images North America

2013

  • Price per gallon: $3.53 
  • Adjusted for inflation: $4.61
Joe Raedle/Staff/Getty Images News/Getty Images North America

2014

  • Price per gallon: $3.37 
  • Adjusted for inflation: $4.33
Joe Raedle/Staff/Getty Images News/Getty Images North America

2015

  • Price per gallon: $2.45 
  • Adjusted for inflation: $3.15
J Pat Carter/Stringer/Getty Images News/Getty Images North America

2016

  • Price per gallon: $2.14 
  • Adjusted for inflation: $2.72
George Frey/Stringer/Getty Images News/Getty Images North America

2017

  • Price per gallon: $2.42 
  • Adjusted for inflation: $3 
Justin Sullivan/Staff/Getty Images News/Getty Images North America

2018

  • Price per gallon: $2.72 
  • Adjusted for inflation: $3.30
Justin Sullivan/Staff/Getty Images News/Getty Images North America

2019

  • Price per gallon: $2.60 
  • Adjusted for inflation: $3.11
Mario Tama/Staff/Getty Images News/Getty Images North America

2020

  • Price per gallon: $2.18 
  • Adjusted for inflation: $2.54


SbytovaMN / istockphoto

2021

  • Price per gallon: $3.01 
  • Adjusted for inflation: $3.46


Justin Sullivan / Staff / Getty Images News / Getty Images North America

2022

  • Price per gallon: $3.95
  • Adjusted for inflation: $4.01