How much did gas cost in the late 1930?

Answer 1

A gallon of gas cost around .17 cents in 1930. Gas prices appear to be at a historical high, and prices of the past appear to be cheap (17 cents per gallon in the 1930s, a quarter in the 1950s and 50 cents in the 1970s). But this is a classic example of "money illusion." In real inflation-adjusted dollars, gas prices are the same or lower today than in most previous decades. That .17 cents in 1930 was considered at the time, expensive considering the average disposable income was less than $500 per year.

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