2016 Gas Price in Today's Dollars
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In the year 2016, the average retail price of gas was $2.25.
This is equivalent to $2.92 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 2016 gasoline price of $2.25 would be worth over time, compared to the actual price from that year.
Year | Inflation-adjusted | Actual |
---|---|---|
2023 | $2.82 | $3.63 |
2022 | $2.65 | $4.06 |
2021 | $2.48 | $3.09 |
2020 | $2.44 | $2.26 |
2019 | $2.39 | $2.69 |
2018 | $2.35 | $2.82 |
2017 | $2.30 | $2.53 |
2016 | $2.25 | $2.25 |