How much did gas cost in 1970?

By 1970, there was a slight increase to $0.36 per gallon, marking the beginning of a gradual rise in prices that would continue for decades. This trend can be attributed to a combination of rising oil demand, limited supply, and geopolitical tensions.

The early 1970s witnessed further increases in gas prices, with 1971 and 1972 seeing prices stabilize around $0.36 per gallon. However, when adjusted for inflation to 2022 dollars, these prices translate to much higher figures, underscoring the significant rise in the cost of gasoline over time.

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Gas prices in the United States have undergone significant fluctuations throughout history, reflecting various economic and geopolitical factors. In 1969, the national average gas price stood at a mere $0.35 per gallon, a stark contrast to the prices seen in recent years.