What a gallon of gas cost the year you were born

        July 25, 2018 24/7 Wall St. | United States | fossil fuels: prices

The cost to fill up at the pump has increased 25 times from $1 to $25 since the early 1930s. Gas prices depend on oil production, consumption, demand, refining capacity, transportation, the U.S. dollar, and politics. In the 1970s, the First Oil Shock doubled prices, while the 2008 financial crisis sent prices surging to $160/bbl. See the price from 1929 to now.