1998 Gas Price in Today's Dollars
Amount
$
From
To
In the year 1998, the average retail price of gas was $1.07.
This is equivalent to $2.03 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 1998 gasoline price of $1.07 would be worth over time, compared to the actual price from that year.
Year | Inflation-adjusted | Actual |
---|---|---|
2023 | $1.97 | $3.63 |
2022 | $1.85 | $4.06 |
2021 | $1.73 | $3.09 |
2020 | $1.70 | $2.26 |
2019 | $1.67 | $2.69 |
2018 | $1.64 | $2.82 |
2017 | $1.60 | $2.53 |
2016 | $1.57 | $2.25 |
2015 | $1.56 | $2.51 |
2014 | $1.55 | $3.44 |
2013 | $1.52 | $3.58 |
2012 | $1.50 | $3.69 |
2011 | $1.45 | $3.58 |
2010 | $1.43 | $2.83 |
2009 | $1.39 | $2.40 |
2008 | $1.39 | $3.31 |
2007 | $1.34 | $2.85 |
2006 | $1.31 | $2.62 |
2005 | $1.26 | $2.31 |
2004 | $1.22 | $1.89 |
2003 | $1.20 | $1.60 |
2002 | $1.17 | $1.38 |
2001 | $1.15 | $1.47 |
2000 | $1.12 | $1.52 |
1999 | $1.09 | $1.18 |
1998 | $1.07 | $1.07 |