What Was The Price Of Gas In 1930?

What was the minimum wage in the 1930s?

$0.25/hourIn the depths of the 1930s depression, both unemployed and union workers mobilized to successfully support the passage of the Fair Labor Standards Act, which established the first national minimum wage at $0.25/hour (equivalent to $4.31/hour in 2017 dollars)..

What was the gas price in 1920?

PerspectiveYearGasoline Price/GalInflation Adjusted Gas Prices Adj. for January 20201919$0.25$3.731920$0.30$3.871921$0.26$3.751922$0.25$3.8499 more rows

How much did a car cost in 1960?

In 1960 the average new car costs about 2,752 dollars, and a gallon was gas was around 31.

How much did an apple cost in 1930?

By late 1930, corner peddling had moved so many apples that the price of apples as a commodity began to rise. Soon, the apple association was paying $2.50 for boxes of apples it had once sold for $1.75.

How much did milk cost in 1930?

1930: 26¢ per gallon But when the Great Depression hit in 1929, fewer people could afford milk and dairy farmers still had a lot of milk to sell. The price dropped from 35¢ per gallon to 26¢ per gallon. It doesn’t sound like much, but 9¢ in 1930 is about $1.09 in today’s dollars.

How much was gas in the 60s?

In the year 1960, the average retail price of gas in the U.S. was $0.31. This is equivalent to $2.71 in 2020 dollars.

How much did a car cost in 1930?

Average cost for house rent $26.00 per month. A loaf of bread 9 cents. A pound of hamburger meat 12 cents. Average price for new car $760.00.

What was the price of gas in 1973?

Supporting InformationYearRetail Gasoline Price (Current dollars/gallon)Retail Gasoline Price (Constant 2015 dollars/gallon)19730.391.6219740.532.0319750.571.9819760.591.9684 more rows•Mar 7, 2016

What was a good salary in 1930?

The average income was $1,368, and the average unemployment rate in the 1930s was 18.26 percent, up from the average of 5.2 percent in the 1920s.

How much is $100 in 1930?

In other words, $100 in 1930 is equivalent in purchasing power to about $1,558.56 in 2020, a difference of $1,458.56 over 90 years. The 1930 inflation rate was -2.34%. The current year-over-year inflation rate (2019 to 2020) is now 1.37% 1.

How much was a loaf of bread in the 1980s?

The Price of BreadYEARCost of 1 lb. of BreadFederal Minimum Wage1980$0.50$3.101990$0.75$3.802000$1.99$5.152010$2.99$7.255 more rows

How much did a Coke cost in 1960?

Pie was only 35 cents a slice, an ice-cream sundae was 40 cents, and coffee or a soft drink cost 10 cents. By the way, if you wanted to grab a quick bite at a lunch counter, you could get a hot dog and a coke for 49 cents.

What state has the lowest price for gas?

Hawaii tops the list. Missouri has the cheapest gas. New York (CNN/Money) — The average price for regular gasoline on Monday, March 7, was $1.98 a gallon, down from $1.90 per gallon a month earlier, according to AAA. A year earlier, the average price of a gallon of regular gasoline was $1.73.

What was the price of a gallon of gas in 2020?

USA Gasoline prices, 02-Nov-2020USA Gasoline pricesLiterGallonUSD0.6542.476EUR0.5612.124

When was gas last under a dollar?

However, after these turbulent fuel price decades gas basically stayed at the same price, around 1.1 -1.2 dollars per gallon from 1981 to 1999. Of course there was some variation, but increases rarely exceeded 25 cents. In fact, the average price of gas in 1999 (1.165) was a bit cheaper than it was in 1981 (1.19).

How much did a house cost in 1930?

While a house bought in 1930 for around $6,000 may be worth roughly $195,000 today, when adjusted for inflation, the appreciation is not as impressive as it seems. Since 1930, inflation-adjusted home values have increased by a modest 127%, or less than 1% each year.

How much did a loaf of bread cost in 1930?

Two loaves of bread – 10 cents. Two pounds of butter – 25 cents.

How much did a hamburger cost in 1960?

In 1960, your burger cost an average of just $0.21. $0.21 in 1960 is equal to about $1.81 in August 2018, according to the US Bureau of Labor Statistics Consumer Price Index inflation calculator.