How much did a gallon of gasoline cost in 1950?

Answer 1

How Much things cost in 1950

Yearly Inflation Rate USA 1.09%

Average Cost of new house: $8,450.00

Average wages per year: $3,210.00

Cost of a gallon of Gas: 18 cents

Average Cost of a new car: $1,510.00

Stromburg Black and White Television: $249.95

Ball Point Pen: $0.25

Samsonite Case: $25.00

Clock Radio: $59.95 Source: http://www.thepeoplehistory.com/1950.html

Answer 2

According to http://www.tvhistory.tv/1950%20QF.htm, it was twenty seven cents a gallon. The minimum wage had skyrocketed up to $0.75 from a low of $0.40 in 1948 and the average annual income was $3,800. A new car averaged $1,700.

Answer 3

In 1968, the price of gasoline averaged $0.33 per gallon. Adjusted, that is about $2.31 in 2007 dollars. Not really much better than today.

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Answer 4

The average cost for a gallon of regular gasoline in 1957 was: 31 cents (about $2.41 in 2010 dollars).

Answer 5

WOW too bad we can't live in the past! Would you believe 24 CENTS? See the Related Link.

Answer 6

Gas prices in 1958 ranged from $.24 to $.30 cents per gallon. Keep in mind that minimum wage was $1.00 per hour.

Answer 7

$.24