Gasoline, unleaded regular priced at $4.02 in 1976 $29.94 in 2022

Gasoline, Unleaded Regular Inflation Calculator

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Prices for Gasoline, Unleaded Regular, 1976-2022 ($4.02)

According to the U.S. Bureau of Labor Statistics, prices for gasoline, unleaded regular are 644.86% higher in 2022 versus 1976 (a $25.92 difference in value).

The current national average price is $4.02 for "Gasoline, unleaded regular, per gallon/3.785 liters". This data is collected by a national survey and can vary from region to region.

Between 1976 and 2022: Gasoline, unleaded regular experienced an average inflation rate of 4.46% per year. This rate of change indicates significant inflation. In other words, gasoline, unleaded regular costing $4.02 in the year 1976 would cost $29.94 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation for gasoline, unleaded regular was higher.

Price Inflation for Gasoline, unleaded regular since 1976

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (38.28%), 2021 (36.66%), and 1979 (34.68%).

Price history

The average price for Gasoline, unleaded regular is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Gasoline, unleaded regular, per gallon/3.785 liters:

YearAverage price (Gasoline, unleaded regular)Inflation adjusted price (2022 dollars)
2022$4.02 (latest available value)$4.02
2021$3.05$4.09
2020$2.17$3.99
2019$2.64$4.04
2018$2.74$4.03
2017$2.41$4.02
2016$2.14$4.05
2015$2.45$4.09
2014$3.37$4.05
2013$3.53$4.06
2012$3.64$4.07
2011$3.53$4.07
2010$2.79$4.06
2009$2.35$4.06
2008$3.27$4.10
2007$2.80$4.08
2006$2.59$4.10
2005$2.30$4.10
2004$1.88$4.11
2003$1.59$4.11
2002$1.36$4.13
2001$1.46$4.15
2000$1.51$4.12
1999$1.17$4.13
1998$1.06$4.13
1997$1.23$4.13
1996$1.23$4.12
1995$1.15$4.09
1994$1.11$4.03
1993$1.11$4.04
1992$1.13$4.04
1991$1.14$4.07
1990$1.16$4.09
1989$1.02$4.11
1988$0.95$4.13
1987$0.95$4.16
1986$0.93$4.21
1985$1.20$4.23
1984$1.21$4.30
1983$1.24$4.34
1982$1.30$4.38
1981$1.38$4.41
1980$1.25$4.44
1979$0.90$4.45
1978$0.67$4.45
1977$0.66$4.57
1976$0.61$4.58

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Buying power of $4.02 since 1976

Below are calculations of equivalent buying power for Gasoline, unleaded regular, over time, for $4.02 beginning in 1976. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1976$4.02-
1977$4.306.90%
1978$4.514.93%
1979$6.0734.68%
1980$8.4038.28%
1981$9.3611.44%
1982$8.86-5.34%
1983$8.57-3.26%
1984$8.43-1.58%
1985$8.510.95%
1986$6.59-22.55%
1987$6.833.56%
1988$6.860.38%
1989$7.458.74%
1990$8.5214.25%
1991$8.39-1.52%
1992$8.35-0.50%
1993$8.22-1.54%
1994$8.260.49%
1995$8.411.79%
1996$8.956.48%
1997$8.950.02%
1998$7.69-14.15%
1999$8.459.88%
2000$10.9729.87%
2001$10.55-3.79%
2002$9.85-6.62%
2003$11.5817.55%
2004$13.7018.32%
2005$16.7722.37%
2006$18.9212.85%
2007$20.548.52%
2008$23.8416.08%
2009$17.34-27.27%
2010$20.5518.55%
2011$25.9726.35%
2012$26.823.27%
2013$25.98-3.13%
2014$24.89-4.18%
2015$17.94-27.92%
2016$15.82-11.84%
2017$17.9313.33%
2018$20.3413.44%
2019$19.55-3.84%
2020$16.33-16.51%
2021$22.3136.66%
2022$29.9434.20%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Gasoline, unleaded regular:

Year19761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI46.63349.85052.30870.45097.417108.558102.75899.40897.84298.77576.50079.22579.52586.47598.80097.30096.81795.32595.79297.508103.825103.85089.15897.967127.225122.400114.300134.358158.975194.533219.533238.228276.533201.110238.424301.243311.103301.362288.766208.133183.483207.951235.897226.840189.391258.826347.352

Adjust gasoline, unleaded regular prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1976 * 1976 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Gasoline, unleaded regular was 46.633 in the year 1976 and 347.352 in 2022:

347.352 / 46.633 * $4.02 = $29.94

Therefore, according to U.S. Bureau of Labor Statistics, $4.02 in 1976 has the same "purchasing power" as $29.94 in 2022 (in the CPI category of Gasoline, unleaded regular).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Gasoline, unleaded regular in 1976. In addition to gasoline, unleaded regular, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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