1940 Gas Price in Today's Dollars
Amount
$
From
To
In the year 1940, the average retail price of gas was $0.18.
This is equivalent to $3.94 in 2024 dollars.
Note: We determine the value of a dollar using the Consumer Price Index from December of the previous year.
How much has gas gone up with inflation?
Here's how much the 1940 gasoline price of $0.18 would be worth over time, compared to the actual price from that year.
Year | Inflation-adjusted | Actual |
---|---|---|
2023 | $3.82 | $3.63 |
2022 | $3.58 | $4.06 |
2021 | $3.35 | $3.09 |
2020 | $3.30 | $2.26 |
2019 | $3.23 | $2.69 |
2018 | $3.17 | $2.82 |
2017 | $3.10 | $2.53 |
2016 | $3.04 | $2.25 |
2015 | $3.02 | $2.51 |
2014 | $3.00 | $3.44 |
2013 | $2.95 | $3.58 |
2012 | $2.90 | $3.69 |
2011 | $2.82 | $3.58 |
2010 | $2.78 | $2.83 |
2009 | $2.70 | $2.40 |
2008 | $2.70 | $3.31 |
2007 | $2.59 | $2.85 |
2006 | $2.53 | $2.62 |
2005 | $2.45 | $2.31 |
2004 | $2.37 | $1.89 |
2003 | $2.33 | $1.60 |
2002 | $2.27 | $1.38 |
2001 | $2.24 | $1.47 |
2000 | $2.16 | $1.52 |
1999 | $2.11 | $1.18 |
1998 | $2.07 | $1.07 |
1997 | $2.04 | $1.24 |
1996 | $1.97 | $1.24 |
1995 | $1.92 | $1.16 |
1994 | $1.87 | $1.08 |
1993 | $1.82 | $1.11 |
1992 | $1.77 | $1.13 |
1991 | $1.72 | $1.14 |
1990 | $1.62 | $1.15 |
1989 | $1.55 | $1.00 |
1988 | $1.48 | $0.90 |
1987 | $1.42 | $0.90 |
1986 | $1.41 | $0.86 |
1985 | $1.35 | $1.12 |
1984 | $1.30 | $1.13 |
1983 | $1.25 | $1.16 |
1982 | $1.21 | $1.22 |
1981 | $1.11 | $1.31 |
1980 | $0.99 | $1.19 |
1979 | $0.87 | $0.86 |
1978 | $0.80 | $0.63 |
1977 | $0.75 | $0.62 |
1976 | $0.71 | $0.59 |
1975 | $0.67 | $0.57 |
1974 | $0.59 | $0.53 |
1973 | $0.55 | $0.39 |
1972 | $0.53 | $0.36 |
1971 | $0.51 | $0.36 |
1970 | $0.48 | $0.36 |
1969 | $0.46 | $0.35 |
1968 | $0.44 | $0.34 |
1967 | $0.42 | $0.33 |
1966 | $0.41 | $0.32 |
1965 | $0.40 | $0.31 |
1964 | $0.40 | $0.30 |
1963 | $0.39 | $0.30 |
1962 | $0.39 | $0.31 |
1961 | $0.38 | $0.31 |
1960 | $0.38 | $0.31 |
1959 | $0.37 | $0.31 |
1958 | $0.37 | $0.30 |
1957 | $0.35 | $0.31 |
1956 | $0.34 | $0.30 |
1955 | $0.34 | $0.29 |
1954 | $0.35 | $0.29 |
1953 | $0.34 | $0.29 |
1952 | $0.34 | $0.27 |
1951 | $0.32 | $0.27 |
1950 | $0.30 | $0.27 |
1949 | $0.31 | $0.27 |
1948 | $0.30 | $0.26 |
1947 | $0.28 | $0.23 |
1946 | $0.23 | $0.21 |
1945 | $0.23 | $0.21 |
1944 | $0.22 | $0.21 |
1943 | $0.22 | $0.21 |
1942 | $0.20 | $0.20 |
1941 | $0.18 | $0.19 |
1940 | $0.18 | $0.18 |