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As near as I can recall and as near as I have been able to find on the net (which corroborates my memory) the average price of a gallon of gasoline in 1964 was about .27 cents a gallon. I bought gasoline for my first motorcycle a Honda 90 in 1964 in Tulsa, Oklahoma and it was 16 cents per gallon, and even less during gas wars that stations had alot. Minimum wage then was $1.25 per hour. The Honda got 174mpg I could pay for 15,000 miles of fuel then by working 13 hours at minimum wage when I was 14 years old. In May of 2008 one would need to work for 20 weeks at 40 hrs per week to buy 15,000 miles for a 15 mpg vehicle. In 1964 one needed to only work for 4 weeks to purchase the same amount of fuel for the 15mpg vehicle to travel 15,000 miles. There are only 52 weeks in a year, so one needs to work nearly half a year at minimum wage in May of 2008 to travel the same mileage that four weeks work purchased in 1964.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoIn 1964, the US national average price of a gallon of regular gasoline was 30 cents. That is equal to about $2.11 per gallon in 2010 dollars.
Wiki User
∙ 13y agoIn 1964, the US national average price of a gallon of regular gasoline was 30 cents - equivalent to about $2.11 per gallon in 2010.
Wiki User
∙ 13y agoabout 45 cents
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How much did a gallon of gasoline cost in 1974?
i think it was 55 cents
How much did oil cost in the late 1950s?
When I was a teenager in the mid 50's I remember gasoline was .25 - 30 cents a gallon so probably a barrel of oil was in the $10 range.
How much does gasoline cost?
2-21-2011 $3.09 a gallon in Illinois 3.50 to 3.85 in CA. I expect 4.00 a gallon within weeks.
What did butter cost in 1968 what did gasoline cost in 1968?
gas was .38 cents and butter was only .08 cents a stick.
Average cost of gallon of gasoline?
The true cost of gasoline from a manufacturing standpoint is very low. The white gas is what is left over from all refining processes. It is because of all the profits from prior refining that the white gas becomes costless. This may be difficult for some to understand being that basic economics teaches that nothing is free. There is a cost to everything manufactured and gasoline is not an exception. Additives and transporting will add to the cost. As stated it is still very low. Just what the cost is is a matter of creative paperwork. But for now please consider that Shell Oil had a cost of just 5 cents a gallon. Yes, FIVE CENTS a gallon. That cost was considered to be transportation cost. This cost was during the mid 1980's when gasoline was around say, $1.25 a gallon. For some manufacturers the cost will be different but still low as compared to what consumers are paying. Iraq, Saddam Hussein period gasoline was stated to be 4 cents a gallon. Saudi Arabia, same time gasoline was stated to be 7 cents a gallon. I forgot the name of the country in South America, gasoline was 15 cents a gallon. Once again, the true cost of gasoline is low...because of all the profits from refinement of the crude to produce oils, minerals, solvents, metals, plastics and distillates to name a few.
David bought 15 gallons of gasoline his total cost was 13.60 how much was the gasoline per gallon?
david bought 15 gallons of gasoline. his total cost was $13.60. how much was the gasoline per gallon?
How much did a gallon of gasoline cost in 2010?
It cost 3.95
How much did gasoline cost in 1951?
$.15
How much did a gallon of gasoline cost?
On 1975 it cost about 27 cents
How much did a gallon of gasoline cost in 1998?
1.03
How much did a gallon of gasoline cost in 1997?
$1.23
How much did gasoline cost in 1952?
20 cents
How much did a gallon of gasoline cost in 1996?
The U.S. price of gasoline was about $1.40/gallon in 1996.
How much did the Ford Mustang cost in 1964?
the 1964 ford mustang cost about 2400 dollars
How much a gallon of gasoline cost in 2009 in U.S.?
In 2009, the US national average cost of one gallon of regular gasoline was $2.35
How much did the 1964 studebaker cost in 1964?
Depends on which model Studebaker.
How much did the 1964 Chevelle cost?
in 1964 a chevelle sold for 2800.00$$
