Price of Gas in 1996?

Answer

Fuel in the U.S.A. in 1996 cost on average $1.23 per gallon. If we take inflation into account, the price of $1.23 would be approximately $1.68 per gallon.



Gasoline sold for 21 cents In 1929 and if inflation was taken into account the equivalent cost of fuel in 1929 would have been $2.29. That of course makes it more expensive in comparison to the fuel in 1996. High demand and yearly increases in drilling prices will likely make fuel consumption more expensive every year.

Q&A Related to "Price of Gas in 1996?"
In 1996, the US national average price of a gallon of regular gasoline was. $1.23. equivalent to about $1.71 per gallon in 2010.
http://wiki.answers.com/Q/What_is_the_price_of_gas...
In 1996, the average price for gasoline was 1.29. Thanks for using ChaCha!
http://www.chacha.com/question/what-was-the-price-...
Gas prices generally go up depending on what speculators think gas availability will be in the coming months. The prices will go up if it is believed there will be a shortage soon.
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How are gas prices determined? Sometimes, it might seem as if only a few people are pulling the strings. However, the pricing of gas depends on many factors, including supply and
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Explore this Topic
The price of gas in 1996 was $1.23 at the gas station. While shopping at the grocery store you would pay $1.31 for a dozen of eggs and $3.30 for a gallon of milk ...
In 1996, the US national average price of a gallon of regular gasoline was. $1.23.- equivalent to about $1.71 per gallon in 2010. ...
In 1996, the US national average price of a gallon of regular gasoline was. $1.23.- equivalent to about $1.71 per gallon in 2010. ...
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