[Denver Ditdat]

I wonder what the price of gas is in 1972 dollars?

The last time I filled my tank gas cost $2.86. Running that number through the Inflation Calculator goves this result:

What cost $2.86 in 2005 would cost $0.63 in 1972.

I was a bit under driving age in '72, but the numbers don't sound too far out of line. There is a lot of sub-$1-a-gallon reminiscing going on right now, but folks don't seem to remember that the figures on their 1972 paychecks looked nothing like what they see on their present pay stubs.

p.s. - The starting year is 2005, since the calculator has no more recent figures.

[PrinceOfCups]

,,,The last time I filled my tank gas cost $2.86. Running that number through the Inflation Calculator gives this result: What cost $2.86 in 2005 would cost $0.63 in 1972. I was a bit under driving age in '72, but the numbers don't sound too far out of line. There is a lot of sub-$1-a-gallon reminiscing going on right now, but folks don't seem to remember that the figures on their 1972 paychecks looked nothing like what they see on their present pay stubs.

I remember paying over $1.25/gallon in 1973 dollars after the Saudis quadrupled prices after the 1973 Israel/Arab war. As far as I am concerned, $.63 gallon is a very reasonable price for gasoline. I guess people have short memories about the past.