1964©Rob // Flickr
- Absolute gas price: $0.32
- Inflation-adjusted price: $2.82 (#35 least expensive year in 85-year span)
In 1964, the
median income for American families was $6,600 a year. This marked a strong year for consumers—this median income was 5% higher than it had been in 1963, and more than double what it had been in 1947. Absolute gas prices once again remained steady at $0.32 per gallon, meaning that at this time, a gallon of gas made up a slightly smaller percentage of a person's total income than it did in 2018.
The year I got my first car.