$0.19 in 1970 is worth $1.57 in today’s (2025) dollars
Good point about bringing the price current. So, in real terms, gas at 19¢ was about half the price that lots of Americans are paying today.
But that 19¢ price was a momentary gas war. Prices hovered in the mid 20¢ range at the time (as I recall). Then the OPEC curtailments really socked us in 1973.
The Biden Inflation we just went through saw prices go up 30% in less than two years.
Honestly, gasoline today is still a real bargain at $3.50 to $4.00 a gallon. It’s amazing that it has stayed that low without building a new refinery in 50 years and all the fossil fuel antagonism of Democrats.