“Tanks” for the memories of cheap gas

Yes, I heard that groan.  Sorry, but it had to be said.  The Gulf pump shows 26.9 cents per gallon and the Marathon 37.9 cents per gallon.  The way these pumps were constructed, the most they could charge for gasoline probably would’ve been 99.9 cents per gallon.

I’d be thrilled to pay that right now, wouldn’t you?

Teri  📷



About imagesbytdashfield

Fine art photographer who loves to see and capture the amazing things in this world. Owner of Images by TDashfield photography. www.imagesbytdashfield.com
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16 Responses to “Tanks” for the memories of cheap gas

  1. If it was that price, I could afford to drive the Edsel.

  2. dhphotosite says:

    I remember saying if gas went to 50 cents a gallon I was gonna stop driving.

  3. Timothy Price says:

    I remember the Sinclair Dino. I also remember when the had to change pumps to handle $1.00 per gallon gas. Here some interesting stats for you. Below is the approximate cost of a gallon of gas for each decade beginning in 1960. I ran the prices through the Bureau of Labor Statistic CPI Calculator at https://www.bls.gov/data/inflation_calculator.htm, and here’s what I came up with:

    Gas at 25¢/gallon in 1960 = $2.11/gallon in 2018
    Gas at 36¢/gallon in 1970 = $2.36/gallon in 2018
    Gas at $1.19/gallon in 1980 = $3.79/gallon in 2018
    Gas at $1.34/gallon in 1990 = $2.61/gallon in 2018
    Gas at $1.25/gallon in 2000 = $1.84/gallon in 2018
    The price of regular gas in 2018 is around $2.60/gallon.

    Gas prices haven’t really changed all that much when you consider inflation, other than the really high inflation in 1980 making it a bit of an outlier.

    • That’s a lot of statistics but I always found those sort of comparisons open for dispute. I prefer to see what the cost of living was/average salary at the time along with what the gasoline, car, loaf of bread cost.

      • Timothy Price says:

        I’m not sure what there is to dispute, but here’s your stats:

        National average wage indexing series, 1951-2016. Social Security Administration: https://www.ssa.gov/OACT/COLA/AWI.html
        1960 Average annual wage $4007 at 2080 hrs/year = $1.92/hour
        2016 Average annual wage $48,642 at 2080 hrs/year = $23.38/hour

        Loaf of white bread in 1960 = 21¢, 11% of hourly — current 2018 = $2.40, 10% of hourly
        Cost of a dozen eggs = 57¢, 30% of hourly — current 2018 = $2.30 10% of hourly
        Cost of a gallon of Milk = 49¢ 26% of hourly — current 2018 = $3.50, 15% of hourly
        The Chevy Impala was one of the most popular cars in 1960 the lowest base price was $2,590, 65% of annual — a low base price for a 2018 Impala is around $27,000, 55% of annual but the actual price is probably closer to $30,000, 62% of annual

      • The stats make more sense to me (IMO) when I can see them as they relate to the other factors, in this case being what it cost to exist in that time period. Thanks for the breakdown.

  4. dhphotosite says:

    Very interesting stats there Timothy. Never thought of doing the calculation. Thanks.

  5. Hopefully alternative energy sources will soon get to the point where it at least feels that inexpensive! Too bad the cars themselves tend to be so expensive.

    — Alex

  6. When I first began to pay for gasoline, it was .42 per gallon – around 1971

  7. Mark Myers says:

    Who would have ever imagined gas would be where it is. Those are great shots. I remember .80 range.

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