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gas prices in the 1920's were only $0.18☺

EMCSEMCS Member Posts: 4,063
edited October 2012 in General Discussion
The gas prices in the 1920's were only .18 cents per gallon
Washington, D.C., in 1920. "Penn Oil Co., 16th and M Sts."


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Comments

  • cbxjeffcbxjeff Member Posts: 16,591 ✭✭✭✭
    edited November -1
    I saw them at that price in the '50's in Peoria, IL.
    It's too late for me, save yourself.
  • LaidbackDanLaidbackDan Member Posts: 13,143 ✭✭✭
    edited November -1
    Adjusted for inflation .18 in 1925 is equal to 2.37 in 2012

    Adjusted for inflation .18 in 1955 is equal to 1.55 in 2012
  • gruntledgruntled Member Posts: 8,402
    edited November -1
    Even in Kalifornia you could still get gas for about a quarter/gal up until OPEC was formed in the 70s because of our help for Israel against Egypt.
    I bought gas for 10 cents a gallon on post in Germany from 59 to 61.
    As best I recall the Germans were paying over a Mark/liter which blew our minds.
  • Joes Custom GunsJoes Custom Guns Member Posts: 1,671 ✭✭✭✭✭
    edited November -1
    My first job was pumping gas at $0.29 a gal. that was May 1956.
    I got $0.50 an hour. and drove an 1931 FORD A-Modle.

    GOOD OLD DAYS
  • discusdaddiscusdad Member Posts: 12,917 ✭✭✭✭
    edited November -1
    du quoin illinois 1969-1971 $.18/gal this commuting college student loved it!
  • legearlegear Member Posts: 6,716
    edited November -1
    Wonder if he had to prepay?
  • EVILDR235EVILDR235 Member Posts: 4,847
    edited November -1
    I remember in the late 1960s living in Commiefornia they had a gas war going on.If you filled up it was 22 cents a gallon.

    EvilDr235
  • Smitty500magSmitty500mag Member Posts: 13,597 ✭✭✭✭
    edited November -1
    In Knoxville, TN they were always a gas war taking place on Alcoa Hwy in the 60's and early 70's. I remember 18.9 cent gas in a couple of times in the early 70's. Normal gas prices were at 32.9 for regular in 1973 in Knoxville. I was buying Exon medium grade for 34.9 for my 1973 Trans Am with the 455 cubic inch engine and then the price jumped through the roof with the oil embargo. I remember saying that I didn't care if gas went to a buck a gallon I was still going to keep my car. Little did I know that gas would someday be over $4 a gallon.
  • SperrySperry Member Posts: 5,006 ✭✭✭
    edited November -1
    Wasn't oil two or three cents a BARREL in '03 or so?
  • leadlead Member Posts: 2,513 ✭✭
    edited November -1
    I miss gas wars. In fact, I miss budget gas stations. It seems like they are all the same now. When gas goes up now, every station in town goes up the same amount, and within minutes of each other. They start dropping by a few cents after a few weeks, and again, all are the same.
  • He DogHe Dog Member Posts: 49,594 ✭✭✭✭
    edited November -1
    Mid 60's I paid .179 routinely. It would remain the same for months because at that time it was not traded as a commodity. I saw gas as low as .119 during gas wars, and .139 was not uncommon.
  • 17tobyracing17tobyracing Member Posts: 3,429 ✭✭
    edited November -1
    Now you need to tack on 25%-30% in taxes to the price of gas.
  • KEVD18KEVD18 Member Posts: 15,037
    edited November -1
    taxes have gone up a lot since then.

    oil is now a traded commodity.

    government regulation in how oil is shipped, transferred, refined etc have added billions in over head. hell, just double hulling the tankers that run between the north slope and california is going to/has cost in the range of 10 billion dollars.

    things were a lot different a hundred years ago....
  • machine gun moranmachine gun moran Member Posts: 5,198
    edited November -1
    Gas is still 18 cents per gallon in Caracas, the cost of production. Chavez sees natural resources as belonging directly to the people, which means that Venezuelans own more of their government, than we do, ours.

    The USAF Materiel Command started having synthetic fuel processed from coal for 40 cents per gallon, which got the CG of the Command, fired.

    Airliners, trains, and trucks running in the U.S. at 18 cents per gallon or even 40 cents per gallon would be a hellofa stimulus, but it would cost Soros, so it will never happen, not here.
  • grumpygygrumpygy Member Posts: 53,466
    edited November -1
    The Big jump was 1978 1979. Went to Okinawa Price was low .25-.30 come back and the price had Jumped to over $1.00.

    But I was used to paying for gas on Okinawa and that was right at $5.00 a Gal then. So it was still cheap here.
  • Spider7115Spider7115 Member, Moderator Posts: 29,705 ******
    edited November -1
    When I was in Dallas in 1972 it was 24.9 cents per gallon
  • gruntledgruntled Member Posts: 8,402
    edited November -1
    quote:Originally posted by grumpygy
    The Big jump was 1978 1979. Went to Okinawa Price was low .25-.30 come back and the price had Jumped to over $1.00.

    But I was used to paying for gas on Okinawa and that was right at $5.00 a Gal then. So it was still cheap here.


    The big jump started in 1973. http://en.wikipedia.org/wiki/1973_oil_crisis
  • grumpygygrumpygy Member Posts: 53,466
    edited November -1
    quote:Originally posted by gruntled
    quote:Originally posted by grumpygy
    The Big jump was 1978 1979. Went to Okinawa Price was low .25-.30 come back and the price had Jumped to over $1.00.

    But I was used to paying for gas on Okinawa and that was right at $5.00 a Gal then. So it was still cheap here.


    The big jump started in 1973. http://en.wikipedia.org/wiki/1973_oil_crisis


    From Your link.

    quote:Graph of oil prices from 1861-2007, showing a sharp increase in 1973, and again during the 1979 energy crisis. The orange line is adjusted for inflatio
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