Want this question answered?
In late 1978.
1998 to 1999
Around 1976 gas prices in Massachusetts was 50 cents per gallon.
11 cents per gallon
it was about a $1.28 cents a gallon
In the US, the one year where prices averaged close to 40 cents per gallon was 1973. That year, the average price per gallon was 39 cents, equal to about $1.91 per gallon in 2010.
Although gasoline prices fluctuated and varied in different parts of the country, it was around 1970 when the median price for a gallon was 36 cents.
1.24 per gallon average
A gallon of gas cost 0.24 cents in 1958. 1958 was the first year the Ford Edsel was produced. It was also the first year for the Boeing 707.
The US national average retail gasoline price that year was $0.20 cents per gallon.
1978
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.