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On average, the price of gasoline was higher in 2004 than it has ever been before; however, when adjusted for inflation (constant dollars), gasoline cost more in 1981 than it does today. Average Annual Gasoline Pump Price, 1919-2004

Source: Energy Information Administration

{| |+ Average Annual Gasoline Pump Price, 1919-2004 |- ! valign="bottom" | Year ! valign="bottom" | Retail Gasoline Price

(current dollars/gallon) ! valign="bottom" | Retail Gasoline Price

(constant 2005 dollars/gallon) ! 1919 | 0.25 2.84 ! 1920 | 0.30 2.87 ! 1921 | 0.26 2.83 ! 1922 | 0.25 2.90 ! 1923 | 0.22 2.48 ! 1924 | 0.21 2.36 ! 1925 | 0.22 2.44 ! 1926 | 0.23 2.54 ! 1927 | 0.21 2.34 ! 1928 | 0.21 2.35 ! 1929 | 0.21 2.41 ! 1930 | 0.20 2.30 ! 1931 | 0.17 2.15 ! 1932 | 0.18 2.53 ! 1933 | 0.18 2.65 ! 1934 | 0.19 2.71 ! 1935 | 0.19 2.64 ! 1936 | 0.19 2.70 ! 1937 | 0.20 2.68 ! 1938 | 0.20 2.67 ! 1939 | 0.19 2.60 ! 1940 | 0.18 2.53 ! 1941 | 0.19 2.52 ! 1942 | 0.20 2.42 ! 1943 | 0.21 2.29 ! 1944 | 0.21 2.25 ! 1945 | 0.21 2.19 ! 1946 | 0.21 2.05 ! 1947 | 0.23 1.99 ! 1948 | 0.26 2.07 ! 1949 | 0.27 2.16 ! 1950 | 0.27 2.14 ! 1951 | 0.27 2.01 ! 1952 | 0.28 2.00 ! 1953 | 0.29 2.07 ! 1954 | 0.29 2.08 ! 1955 | 0.29 2.09 ! 1956 | 0.30 2.12 ! 1957 | 0.31 2.12 ! 1958 | 0.30 2.02 ! 1959 | 0.31 2.03 ! 1960 | 0.31 2.03 ! 1961 | 0.31 1.98 ! 1962 | 0.31 1.95 ! 1963 | 0.30 1.91 ! 1964 | 0.30 1.89 ! 1965 | 0.31 1.90 ! 1966 | 0.32 1.91 ! 1967 | 0.33 1.91 ! 1968 | 0.34 1.87 ! 1969 | 0.35 1.83 ! 1970 | 0.36 1.77 ! 1971 | 0.36 1.73 ! 1972 | 0.36 1.86 ! 1973 | 0.39 1.68 ! 1974 | 0.52 2.05 ! 1975 | 0.57 2.05 ! 1976 | 0.59 2.01 ! 1977 | 0.62 1.97 ! 1978 | 0.63 1.86 ! 1979 | 0.86 2.28 ! 1980 | 1.25 2.91 ! 1981 | 1.38 2.92 ! 1982 | 1.26 2.51 ! 1983 | 1.20 2.33 ! 1984 | 1.18 2.18 ! 1985 | 1.17 2.09 ! 1986 | 0.89 1.56 ! 1987 | 0.91 1.54 ! 1988 | 0.91 1.48 ! 1989 | 0.98 1.53 ! 1990 | 1.13 1.66 ! 1991 | 1.10 1.56 ! 1992 | 1.09 1.49 ! 1993 | 1.07 1.43 ! 1994 | 1.07 1.40 ! 1995 | 1.11 1.40 ! 1996 | 1.20 1.47 ! 1997 | 1.20 1.44 ! 1998 | 1.03 1.22 ! 1999 | 1.14 1.31 ! 2000 | 1.49 1.66 ! 2001 | 1.43 1.55 ! 2002 | 1.34 1.44 ! 2003 | 1.56 1.63 ! 2004 | 1.85 1.89 |}

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Q: What is the history of gasoline prices in the US?
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