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how much is gas prices
In 1970, the US national average price of a gallon of regular gasoline was 36 cents. That is equal to about $2.02 per gallon in 2010 dollars.
It's the contrary, inflation contributes to higher gasoline prices. But not so much as everybody thinks. The major cause for increasing gasoline prices is the resource. Less resource for higher demand, higher prices
The Price of the gasoline with increase : D
The Price of the gasoline with increase : D
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.
The average price of one gallon of gasoline in the US in the summer of 1970 was 36 cents.
Right now, gasoline prices are fairly close to American prices -- there are fewer taxes on gas in Russia, but America has better distribution -- right now, it is about 90 cents a liter, which is about $3.50 per gallon. Russian gasoline tends to be much cheaper than Western European gasoline prices.
the economy is horrible
90 centavos.
$1.19
An example of a price ceiling could be in the 1970's the government controlled the prices of gasoline, causing shortages. Another example is the price ceiling on rent specially after second world war when soldiers were free and they were going to make families and it is still in the practice one more example is the prices of "rotti" in Pakistan govt set the price RS 2.00 per rotti which is low than the equilibrium price