How much did gasoline cost in 1964?

Answer 1

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.

Answer 2

In 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.

Answer 3

In 1964, the US national average price of a gallon of regular gasoline was 30 cents - equivalent to about $2.11 per gallon in 2010.

Answer 4

about 45 cents