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The average cost of gasoline per gallon in the United States in 1969 was approximately 35 cents. Of course since then there has been a dramatic rise in oil and gas consumption. Gasoline is derived from crude oil. Crude oil prices are driven by international supply and demand. The Organization of Petroleum Exporting Countries (OPEC), owns more than 2/3 of the crude oil produced in the world. The United States is heavily dependant on oil products and is subject to OPEC's increased crude oil prices. I was pumping gas in the summer of 1969. I don't think our price ever went over 25.9. During a gas war it went to 16.9 or 17.9. If you don't remember gas wars, the "company stations" would sell at a loss trying to force the independents out of business.

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18y ago
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15y ago

Regular gas was $.28 per gallon in New Jersey.

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13y ago

In 1968, the average price per gallon of regular leadedgas was $.33 cents.

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Q: How much is a gallon of gas in 1968?
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