How much did gas cost in the 1970s?
In the year 1970 when President Nixon was in office, gas prices were an astonishing $0.36 a gallon. Of course you could also buy a house for $26,000 and the life expectancy rate was about 70 years old. In other words, the economy was much better. I don't know if the economy was any better, we were just using smaller numbers. Average hourly pay was $1.65.