Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1963 | 0.31 | 1.80 |
| 1964 | 0.30 | 1.76 |
| 1965 | 0.30 | 1.73 |
| 1966 | 0.31 | 1.73 |
What was the price of gas in 1974?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 1973 | 0.39 | 1.62 |
| 1974 | 0.53 | 2.03 |
| 1975 | 0.57 | 1.98 |
| 1976 | 0.59 | 1.96 |
What was the cost of a gallon of gas in 1964?
The minimum wage in 1964 was $1.15 per hour and the average annual income about $6,000. A gallon of gas was 25-cents. The basic cost of living increased roughly 18 times in the 50 year period between 1964 and 2014.
What was the cost of gas in 2014?
Gas prices are displayed at a Gas & Shop gas station on Oct. 27, 2014 in San Anselmo, California. Every year, gas prices continue to rise and therefore make owning a car that much more expensive. Those who were set back an average of $2.51 per gallon last yearlong for the $0.16 Americans paid 80 years ago.
How much did a new house cost in 1964?
The average new house back in 1964 cost $13,050 while two cans of Coca-Cola cost about 27 cents, but 50 years later the price increased to $1.00 each. Understanding D-Day: What Is the History of the Normandy Invasion?
What was the price of a Ford Mustang in 1964?
The Ford Mustang was first available in 1964 and had a starting price of $2,320; as of 2014, it costs more than $22,000. The average new house back in 1964 cost $13,050 while two cans of Coca-Cola cost about 27 cents, but 50 years later the price increased to $1.00 each.
