1974 Gas Price in Today's Dollars
Amount
$
From
To
In the year 1974, the average retail price of gas was $0.53.
This is equivalent to $3.52 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 1974 gasoline price of $0.53 would be worth over time, compared to the actual price from that year.
Year | Inflation-adjusted | Actual |
---|---|---|
2023 | $3.40 | $3.63 |
2022 | $3.20 | $4.06 |
2021 | $2.99 | $3.09 |
2020 | $2.95 | $2.26 |
2019 | $2.88 | $2.69 |
2018 | $2.83 | $2.82 |
2017 | $2.77 | $2.53 |
2016 | $2.71 | $2.25 |
2015 | $2.69 | $2.51 |
2014 | $2.67 | $3.44 |
2013 | $2.63 | $3.58 |
2012 | $2.59 | $3.69 |
2011 | $2.51 | $3.58 |
2010 | $2.48 | $2.83 |
2009 | $2.41 | $2.40 |
2008 | $2.41 | $3.31 |
2007 | $2.32 | $2.85 |
2006 | $2.26 | $2.62 |
2005 | $2.18 | $2.31 |
2004 | $2.11 | $1.89 |
2003 | $2.08 | $1.60 |
2002 | $2.03 | $1.38 |
2001 | $2.00 | $1.47 |
2000 | $1.93 | $1.52 |
1999 | $1.88 | $1.18 |
1998 | $1.85 | $1.07 |
1997 | $1.82 | $1.24 |
1996 | $1.76 | $1.24 |
1995 | $1.72 | $1.16 |
1994 | $1.67 | $1.08 |
1993 | $1.63 | $1.11 |
1992 | $1.58 | $1.13 |
1991 | $1.53 | $1.14 |
1990 | $1.45 | $1.15 |
1989 | $1.38 | $1.00 |
1988 | $1.32 | $0.90 |
1987 | $1.27 | $0.90 |
1986 | $1.25 | $0.86 |
1985 | $1.21 | $1.12 |
1984 | $1.16 | $1.13 |
1983 | $1.12 | $1.16 |
1982 | $1.08 | $1.22 |
1981 | $0.99 | $1.31 |
1980 | $0.88 | $1.19 |
1979 | $0.78 | $0.86 |
1978 | $0.71 | $0.63 |
1977 | $0.67 | $0.62 |
1976 | $0.64 | $0.59 |
1975 | $0.60 | $0.57 |
1974 | $0.53 | $0.53 |