Gas priced at $3.22 in 1970 $31.84 in 2024

Gas Inflation Calculator

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Prices for Gas, 1970-2024 ($3.22)

According to the U.S. Bureau of Labor Statistics, prices for gasoline (all types) are 888.71% higher in 2024 versus 1970 (a $28.62 difference in value).

The current national average price is $3.22 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 1970 and 2024: Gas experienced an average inflation rate of 4.33% per year. This rate of change indicates significant inflation. In other words, gas costing $3.22 in the year 1970 would cost $31.84 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation for gas was higher.

In the year 1970: Pricing changed by 0.83%, which is significantly below the average yearly change for gas during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation for gas was much lower.

Price Inflation for Gasoline (all types) since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (38.97%), 2021 (36%), and 1974 (35.36%).

Price history

The average price for Gas 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 (Gas)Inflation adjusted price (2024 dollars)
2024$3.22 (latest available value)$3.22
2023$3.66$3.24
2022$4.09$3.25
2021$3.05$3.19
2020$2.17$3.09
2019$2.64$3.14
2018$2.74$3.14
2017$2.41$3.14
2016$2.14$3.15
2015$2.45$3.19
2014$3.37$3.19
2013$3.53$3.22
2012$3.64$3.23
2011$3.53$3.23
2010$2.79$3.22
2009$2.35$3.22
2008$3.27$3.25
2007$2.80$3.25
2006$2.59$3.25
2005$2.30$3.25
2004$1.88$3.25
2003$1.59$3.25
2002$1.36$3.23
2001$1.46$3.25
2000$1.51$3.24
1999$1.17$3.21
1998$1.06$3.19
1997$1.23$3.22
1996$1.23$3.21
1995$1.15$3.17
1994$1.11$3.13
1993$1.11$3.13
1992$1.13$3.14
1991$1.14$3.17
1990$1.16$3.18
1989$1.02$3.19
1988$0.95$3.23
1987$0.95$3.27
1986$0.93$3.32
1985$1.20$3.36
1984$1.21$3.42
1983$1.24$3.45
1982$1.30$3.48
1981$1.38$3.51
1980$1.25$3.52
1979$0.90$3.55
1978$0.67$3.57
1977$0.66$3.64
1976$0.61$3.61

View price changes for other categories
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Buying power of $3.22 since 1970

Below are calculations of equivalent buying power for Gas, over time, for $3.22 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$3.220.83%
1971$3.240.55%
1972$3.281.26%
1973$3.609.77%
1974$4.8735.36%
1975$5.206.83%
1976$5.424.16%
1977$5.735.78%
1978$5.984.30%
1979$8.0935.34%
1980$11.2538.97%
1981$12.5211.30%
1982$11.86-5.27%
1983$11.47-3.31%
1984$11.28-1.64%
1985$11.370.84%
1986$8.88-21.91%
1987$9.244.07%
1988$9.320.84%
1989$10.209.49%
1990$11.6514.14%
1991$11.45-1.72%
1992$11.42-0.26%
1993$11.27-1.26%
1994$11.330.46%
1995$11.511.64%
1996$12.216.09%
1997$12.20-0.10%
1998$10.57-13.36%
1999$11.559.28%
2000$14.8328.40%
2001$14.30-3.58%
2002$13.38-6.42%
2003$15.5916.48%
2004$18.4218.17%
2005$22.4621.93%
2006$25.3712.97%
2007$27.458.19%
2008$32.0016.60%
2009$23.25-27.36%
2010$27.5218.38%
2011$34.8026.45%
2012$35.933.24%
2013$34.90-2.86%
2014$33.55-3.86%
2015$24.45-27.12%
2016$21.64-11.51%
2017$24.4312.88%
2018$27.7513.61%
2019$26.76-3.57%
2020$22.39-16.32%
2021$30.4536.00%
2022$40.1131.71%
2023$35.94-10.40%
2024$31.84-11.42%*

* 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 (all types):

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI13.15013.63314.22013.74012.94012.61413.32314.10814.25414.30014.24614.50816.36318.64019.14018.98019.52020.04021.34021.74022.16022.92023.77723.44623.73124.40824.15424.29224.25424.13325.20025.66026.41526.79227.68527.91528.06928.42331.20042.23145.11546.99249.70851.84670.16997.515108.531102.80899.40097.76998.59276.99280.12380.80088.469100.97799.23898.97797.73198.18599.792105.869105.76291.631100.131128.569123.969116.008135.123159.669194.685219.938237.959277.457201.555238.594301.694311.470302.577290.889212.007187.602211.770240.599232.003194.130264.017347.747311.574276.003

Adjust gas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1970 * 1970 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Gasoline (all types) was 27.915 in the year 1970 and 276.003 in 2024:

276.003 / 27.915 * $3.22 = $31.84

Therefore, according to U.S. Bureau of Labor Statistics, $3.22 in 1970 has the same "purchasing power" as $31.84 in 2024 (in the CPI category of Gasoline (all types)).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Gasoline (all types) in 1935. In addition to gas, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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