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Gas Prices
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steve(ill) View Drop Down
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Joined: 11 Sep 2009
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Points: 77620 		Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 22 Mar 2021 at 9:12pm
YEA... RIGHT... LOL
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Points: 4340 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Ray54 Quote  Post ReplyReply Direct Link To This Post Posted: 23 Mar 2021 at 9:04pm
Nothing coming down here the place I have been using is $3.76 for the 3rd week. But mile down main street it's $3.999 so $4.00. The other thing I noticed is the 89 and 92 test are more than 10 cent jumps like had been. Several place the 92 was 50 cents more than 87.
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Joined: 28 Feb 2013
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Points: 6465 		Post Options Post Options   Thanks (0) Thanks(0)   Quote NEVER green Quote  Post ReplyReply Direct Link To This Post Posted: 23 Mar 2021 at 9:38pm
Originally posted by FREEDGUY FREEDGUY wrote:

So the OPEC/TEXAS freeze is coming to an end ?? The current inhabitant of the WH is "off-the hook" ??

  LOLLOLLOLLOLLOL  Stop making it political,  where have I heard that before????LOLLOLLOLLOLLOLLOL
2-8050 1-7080 6080 D-19 modelE & A 7040   R50       
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Joined: 26 Feb 2015
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Points: 4804 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Kansas99 Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 7:00am
Originally posted by FREEDGUY FREEDGUY wrote:

It's come down 25-30 cents/gallon here in the last week, do that math WinkWink


At that rate of decline in 2 months they will be paying you to fill up. LOL Call me when that happens I have a couple 28-0 tankers I'll clean out and come up and haul fuel back with. Wink
"LET"S GO BRANDON!!"
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Points: 4380 		Post Options Post Options   Thanks (0) Thanks(0)   Quote WF owner Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 7:14am

Gasoline Prices Adjusted for Inflation

Gas prices are often very volatile with sharp swings in what Americans pay at the pump. The average price for a gallon of gasoline jumped to $2.559 in February from $2.391 in January, marking an increase of 7%. Over the most recent 2020 calendar year, the average price of gas dropped to $2.242 from $2.698, marking a 16.9% decline from 2019.

Pricing for gasoline is a major category used by U.S. Labor Department’s Bureau of Labor Statistics (BLS) in calculating inflation but their volatility is also why they are excluded when the agency calculates core inflation rates.

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The chart above and table below shows average annual prices of gasoline and those prices based on inflation in 2020 dollars. Specifically, they offer insights into how prices at the pump have changed over the years and how those prices compare after they have been adjusted for inflation.

Inflation Adjusted Gasoline Prices (1978-2020)
Category: Gasoline (All types, Per gallon)

YearAverage Gasoline Prices by Year*Average Annual CPI for Gasoline**Gas Prices Adjusted for Inflation (In 2020 Dollars)
19780.65251.9002.438
19790.88270.2002.438
19801.22197.5002.432
19811.353108.5002.421
19821.281102.8002.419
19831.22599.4002.392
19841.19897.8002.377
19851.19698.6002.354
19860.93177.0002.347
19870.95780.1002.320
19880.96480.8002.315
19891.06088.5002.325
19901.217101.0002.340
19911.19699.2002.341
19921.19099.0002.333
19931.17397.7002.330
19941.17498.2002.321
19951.20599.8002.345
19961.288105.9002.361
19971.291105.8002.369
19981.11591.6002.364
19991.221100.1002.368
20001.563128.6002.359
20011.531124.0002.397
20021.441116.0002.411
20031.638135.1002.353
20041.923159.7002.337
20052.338194.7002.331
20062.635219.9002.326
20072.849237.9592.325
20083.317277.4572.321
20092.401201.5552.312
20102.836238.5942.307
20113.577301.6942.301
20123.695311.4702.303
20133.584302.5772.299
20143.425290.8892.286
20152.510212.0072.298
20162.204187.6022.280
20172.469211.7702.263
20182.794240.5992.254
20192.698232.0032.258
20202.242194.1302.242

*Data Source: U.S. Bureau of Labor Statistics: 12-Month Average Gasoline, all types, per gallon/3.785 liters in U.S. city average, average price, not seasonally adjusted. CPI Average Price Data.

**Data Source: U.S. Bureau of Labor Statistics: 12-Month Average Gasoline (all types) in U.S. city average, all urban consumers, not seasonally adjusted. CPI-All Urban Consumers.

How to Adjust Gasoline Prices for Inflation

In calculating gasoline prices to adjust for inflation, we’ll use an example that shows how to adjust them from 1978 to 2020. First, consider these facts which are shown in the table above:

  • The average price for gasoline in 1978 was $0.652 per gallon.
  • The annual average CPI for Gasoline (all types) in 1978 was 51.900.
  • The annual average CPI for Gasoline (all types) in 2020 was 194.130.

The following formula shows how to adjust gasoline for inflation:

1978 Gas Price x (2020 CPI for Gas / 1978 CPI for Gas) = Adjusted Gas Price in 2020 Dollars

Using the actual numbers:

$0.652 x (194.130/51.900) = $2.44



Edited by WF owner - 24 Mar 2021 at 7:16am
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Joined: 12 May 2013
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Points: 4380 		Post Options Post Options   Thanks (0) Thanks(0)   Quote WF owner Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 7:17am
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steve(ill) View Drop Down
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Joined: 11 Sep 2009
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Points: 77620 		Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 8:34am
What i see from your INFLATION price is that the price DROPPED YEARLY during the last administration... In the past 8 weeks THAT HAS CHANGED... Now it is GOING UP at a RAPID RATE............ just the FACTS.

and the new GAS TAXES coming this summer will only add to the RATE.


Edited by steve(ill) - 24 Mar 2021 at 8:36am
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Joined: 08 Apr 2012
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Points: 3436 		Post Options Post Options   Thanks (0) Thanks(0)   Quote IBWD MIke Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 9:09am
Originally posted by steve(ill) steve(ill) wrote:

What i see from your INFLATION price is that the price DROPPED YEARLY during the last administration... In the past 8 weeks THAT HAS CHANGED... Now it is GOING UP at a RAPID RATE............ just the FACTS.

and the new GAS TAXES coming this summer will only add to the RATE.

What I see from the above chart is that the people who compiled it aren't very good at math!
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steve(ill) View Drop Down
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Joined: 11 Sep 2009
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Points: 77620 		Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 12:40pm
YEP... the price of gas DOUBLED Between 1978 and 1980... but according to the "CHART" we were SAVING MONEY !!  Clap   LOL

Im sure the people making $8.00 hour are glad that gasoline is such a BARGAIN when the price goes up $.50 a gallon . Thumbs Up
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Joined: 08 Apr 2012
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Points: 3436 		Post Options Post Options   Thanks (0) Thanks(0)   Quote IBWD MIke Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 2:18pm
[QUOTE=steve(ill)]YEP... the price of gas DOUBLED Between 1978 and 1980... but according to the "CHART" we were SAVING MONEY !!  Clap   LOL

Good point, that supports my lack of math skills post nicely.

If they are that far off on those lines and 2007,(and others) I would doubt the credibility of the whole thing.
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Joined: 26 Feb 2015
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Points: 4804 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Kansas99 Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 3:00pm
Guys, thats just the newer modern math at work,  we weren't taught it but basically you just plug in any number that gets the answer your looking for.  It's modern algebra. Wink Thumbs Up
"LET"S GO BRANDON!!"
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FREEDGUY View Drop Down
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Joined: 15 Apr 2017
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Points: 5391 		Post Options Post Options   Thanks (0) Thanks(0)   Quote FREEDGUY Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 5:34pm
Originally posted by steve(ill) steve(ill) wrote:

YEP... the price of gas DOUBLED Between 1978 and 1980... but according to the "CHART" we were SAVING MONEY !!  Clap   LOL

Im sure the people making $8.00 hour are glad that gasoline is such a BARGAIN when the price goes up $.50 a gallon . Thumbs Up
May I "assume" that your CHART takes into account INFLATION ???!!!! 
I'm going to say NO Wink !!
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Joined: 15 Apr 2017
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Points: 5391 		Post Options Post Options   Thanks (0) Thanks(0)   Quote FREEDGUY Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 5:36pm
I paid $2.40 this morning at a Niles Mi. Walmart regular gas , MICHIGAN !!!!!. 
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Joined: 11 Sep 2009
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Points: 77620 		Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 6:19pm
May I "assume" that your CHART takes into account INFLATION ???!!!! 

Gassy... if you could READ you would be DANGEROUS.... "INFLATION" or lack there of, is what WE WERE TALKING ABOUT !!.... You think DOUBLE PRICE in 2 years is NORMAL ?? ............ and its not "MY" chart... Maybe yours ?

Did your "PAY" double between 1978 and 1980 ??  Wink   Clap


Edited by steve(ill) - 24 Mar 2021 at 6:21pm
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FREEDGUY View Drop Down
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Joined: 15 Apr 2017
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Points: 5391 		Post Options Post Options   Thanks (0) Thanks(0)   Quote FREEDGUY Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2021 at 6:27pm
LMAO !!!! I was in JR HS in the late 80's LOL !! I really can't say that inflation DOUBLED the cost of any other commodity in the past "RECENT" 2 years ??? Please don't bring up the price of lumber, I still feel that another cat is guilty of this "fleecing" of America Wink
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So in other words.... you dont have a CLUE what you are taking about ?  Clap

Your drop in Gas Price is GREAT... By JUNE you should be a t $1. a gallon !!! Wink   Thumbs Up
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Originally posted by FREEDGUY FREEDGUY wrote:

LMAO !!!! I was in JR HS in the late 80's LOL !! I really can't say that inflation DOUBLED the cost of any other commodity in the past "RECENT" 2 years ??? Please don't bring up the price of lumber, I still feel that another cat is guilty of this "fleecing" of America Wink


Holy crap and all this time I figured you were in your early to mid twenties!  Jeez! JR in the 80's that's damn old.  Which one room school house did you attend?  I don't think you're qualified to comment on gas prices, did they even have oil back then? Wink LOL


Edited by Kansas99 - 24 Mar 2021 at 10:34pm
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I was well into US of Army life while you were still crapping your drawers in the 70s
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Steve your chart guys left out the real good time back before 78 when gas was real cheap. But since free was not around I guess it would not count anyway. I can well remember the 30 cent a gallon days. And when they all needed new pumps to charge more than 99 cent.

WinkBut that like when my dad would tell me back in 36 we only payed 2 cents a gallon for diesel. Yes my grandpa was ahead of the game and bought the second diesel Caterpillar 35 tractor to find its way to the dealer here.
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Most of us are old enough to remember back in the 1960's when gas was around .25 a gallon and then there would be a gas war and it dropped to .19 cents, we would fill up everything we owned cause gas was so cheap! 
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Yeah John, seems I can foggily remember it being 19.9.  Hey lets drop a dollar's worth in the ole 57 chev and go cruising.  Put some miles on those recaps.  Wink
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Been there done that in my Well Used first car, a 1954 Olds Super 88 with the 324 Rocket V8 and Carter AFB Four Barrel.  .19/9 gas at the farmers co-op station would last me a week at five dollar fill ups.
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The school bus drove by the gas station on the way home.. I would check the prices.. When the "gas war" hit $.199 mom would let me drive the station wagon down and FILL ER UP !
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I worked at a 24 hour truck stop in high school.  Gas was 24.9 and I got a penny discount as an employee. I worked 16-18 hours from Friday night to Sunday night. That was the life for a young guy.
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$2.79 "here" at EVERY station for 25 miles Confused . Monday I paid $2.42 at a local Walmart that jumped to $2.79 the next dayOuch ! Thank God they got the "ship" out of the canal when they did, we might be seeing $5 gas Wink
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Originally posted by DMiller DMiller wrote:

Originally posted by FREEDGUY FREEDGUY wrote:

$2.79 "here" at EVERY station for 25 miles Confused . Monday I paid $2.42 at a local Walmart that jumped to $2.79 the next dayOuch ! Thank God they got the "ship" out of the canal when they did, we might be seeing $5 gas Wink

Because the POTUS YOU Voted for is forcing IMPORTED OIL again, Dolt.
WOW !!! Just WOW!! is all I can say about your presumption ClapClap !! You see NO correlation to the price of gas and the recent "freeze" in Texas and the MOST recent "calamity" in the "CANAL" ???? LMAO !!!! The domestic THUGS have us all by the balls and look for any excuse to deepen their coffers Confused.
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Joined: 15 Apr 2017
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I snagged some regular for $2.53 this evening at Walmart, but across the street a 7/11 was $2.99 Confused
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Sorry dude, I paid some pretty decent $$ for a gallon when Tele Tummy was in charge Wink
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As in Just AFTER Obummer left the House?  Gas Prices were THE Lowest for the last three years of DTs tenure than had been for DECADES.
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2 years prior Clap !! 
Why must YOU make this political ?? You don't get enough "CHEST THUMPING" over there ?? LOLLOL
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