Fact #364: March 21, 2005
Historical Gas Prices, 1919–2004
On average, the price of gasoline was higher in 2004 than it has ever been before; however, when adjusted for inflation (constant dollars), gasoline cost more in 1981 than it does today.
Average Annual Gasoline Pump Price, 1919–2004
Supporting Information
Year | Retail Gasoline Price (current dollars/gallon) |
Retail Gasoline Price (constant 2005 dollars/gallon) |
---|---|---|
1919 | 0.25 | 2.84 |
1920 | 0.30 | 2.87 |
1921 | 0.26 | 2.83 |
1922 | 0.25 | 2.90 |
1923 | 0.22 | 2.48 |
1924 | 0.21 | 2.36 |
1925 | 0.22 | 2.44 |
1926 | 0.23 | 2.54 |
1927 | 0.21 | 2.34 |
1928 | 0.21 | 2.35 |
1929 | 0.21 | 2.41 |
1930 | 0.20 | 2.30 |
1931 | 0.17 | 2.15 |
1932 | 0.18 | 2.53 |
1933 | 0.18 | 2.65 |
1934 | 0.19 | 2.71 |
1935 | 0.19 | 2.64 |
1936 | 0.19 | 2.70 |
1937 | 0.20 | 2.68 |
1938 | 0.20 | 2.67 |
1939 | 0.19 | 2.60 |
1940 | 0.18 | 2.53 |
1941 | 0.19 | 2.52 |
1942 | 0.20 | 2.42 |
1943 | 0.21 | 2.29 |
1944 | 0.21 | 2.25 |
1945 | 0.21 | 2.19 |
1946 | 0.21 | 2.05 |
1947 | 0.23 | 1.99 |
1948 | 0.26 | 2.07 |
1949 | 0.27 | 2.16 |
1950 | 0.27 | 2.14 |
1951 | 0.27 | 2.01 |
1952 | 0.28 | 2.00 |
1953 | 0.29 | 2.07 |
1954 | 0.29 | 2.08 |
1955 | 0.29 | 2.09 |
1956 | 0.30 | 2.12 |
1957 | 0.31 | 2.12 |
1958 | 0.30 | 2.02 |
1959 | 0.31 | 2.03 |
1960 | 0.31 | 2.03 |
1961 | 0.31 | 1.98 |
1962 | 0.31 | 1.95 |
1963 | 0.30 | 1.91 |
1964 | 0.30 | 1.89 |
1965 | 0.31 | 1.90 |
1966 | 0.32 | 1.91 |
1967 | 0.33 | 1.91 |
1968 | 0.34 | 1.87 |
1969 | 0.35 | 1.83 |
1970 | 0.36 | 1.77 |
1971 | 0.36 | 1.73 |
1972 | 0.36 | 1.86 |
1973 | 0.39 | 1.68 |
1974 | 0.52 | 2.05 |
1975 | 0.57 | 2.05 |
1976 | 0.59 | 2.01 |
1977 | 0.62 | 1.97 |
1978 | 0.63 | 1.86 |
1979 | 0.86 | 2.28 |
1980 | 1.25 | 2.91 |
1981 | 1.38 | 2.92 |
1982 | 1.26 | 2.51 |
1983 | 1.20 | 2.33 |
1984 | 1.18 | 2.18 |
1985 | 1.17 | 2.09 |
1986 | 0.89 | 1.56 |
1987 | 0.91 | 1.54 |
1988 | 0.91 | 1.48 |
1989 | 0.98 | 1.53 |
1990 | 1.13 | 1.66 |
1991 | 1.10 | 1.56 |
1992 | 1.09 | 1.49 |
1993 | 1.07 | 1.43 |
1994 | 1.07 | 1.40 |
1995 | 1.11 | 1.40 |
1996 | 1.20 | 1.47 |
1997 | 1.20 | 1.44 |
1998 | 1.03 | 1.22 |
1999 | 1.14 | 1.31 |
2000 | 1.49 | 1.66 |
2001 | 1.43 | 1.55 |
2002 | 1.34 | 1.44 |
2003 | 1.56 | 1.63 |
2004 | 1.85 | 1.89 |
Source: Energy Information Administration |
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