Gas Prices hit new Record Lows

[JS29]

In Knoxville TN $1.34.9 Diesel $1.89.9 according to my cousin.     

[MEK-Dangerous]

$1.89 a gallon here for the cheap stuff. What I find interesting is, the 93 octane gas price is almost $1.00 a gallon more. That isn't dropping as fast.

[JS29]

Diesel here in central NY this afternoon $2.84.9. home heating oil #2 (same thing) $1.80.9. that one dollar difference is TAX. They put a red die in home heating oil, and if D.O.T. sticks the tank and find red in a motor vehicle, You are subject to a fine.     

[R/T-S/E]

Guys, Who came up with the record low. Back in a world where most of your didn't live. Gasoline was in the teens as in 15 cents per gallon including Lead. So take back that record low statement it is grossly inaccurate.

[kawahonda]

Guys, Who came up with the record low. Back in a world where most of your didn't live. Gasoline was in the teens as in 15 cents per gallon including Lead. So take back that record low statement it is grossly inaccurate.

You know there is a thing called inflation, right?

.15 cents in the 60s is $1.25 today. The article that was linked showed $.94.

[chargerdon]

Here in the Raleigh, NC area, most stations are between $147-$1.55 for regular.   There appeared to be a gas war going on as about 10 miles from me, regular was down to $1.39 and Premium (93 octane) was also as low as $1.59.   

When i was a 16 year old, my Dad bought a used Fiat 1100D sedan.   It got 40-45 mpg !!   At 27.9 a gallon, you could drive 100 miles on 50 cents worth !!

Today my 74 Challenger with stroked 360 to 408 gets about 10-11 MPG on Premium.   Im not sure 50 cents would even start it !!!   LOL

[BIGSHCLUNK]

We hit 1.29 reg today

[Topcat]

Guys, Who came up with the record low. Back in a world where most of your didn't live. Gasoline was in the teens as in 15 cents per gallon including Lead. So take back that record low statement it is grossly inaccurate.

You need to take in the cost of living index and what inflation rating was at that particular time.

https://www.usinflationcalculator.com/

[worthywads]

Guys, Who came up with the record low. Back in a world where most of your didn't live. Gasoline was in the teens as in 15 cents per gallon including Lead. So take back that record low statement it is grossly inaccurate.

You know there is a thing called inflation, right?

.15 cents in the 60s is $1.25 today. The article that was linked showed $.94.

Yep, quite a few are missing inflation.
2020 $0.94

Equivalent to these prices back in time.

2000 $0.64
1980 $0.30
1970 $0.14
1960  $0.11

[jimynick]

I can't speak for US prices, but in '61-'62 in Canada I was pumping it at my dad's gas station for 0.27-29 an Imperial gallon (160oz)  5 gallons Imperial was the same as 6 gallons US 

[MEK-Dangerous]

I can't speak for US prices, but in '61-'62 in Canada I was pumping it at my dad's gas station for 0.27-29 an Imperial gallon (160oz)  5 gallons Imperial was the same as 6 gallons US 

The lowest price for gas I remember was in the late 60's. There was a non brand gas station selling for .29 cents a gallon. I guess you are a little older than I am, but I miss those days. You had to fill up every couple of days because your car got crappy gas mileage.

[mopar thunder]

Holy cow! I want some of those prices. Altough I can't complain too much, it's $1.69 - $1.75 here in Bradenton, Fla.   

[jimynick]

I can't speak for US prices, but in '61-'62 in Canada I was pumping it at my dad's gas station for 0.27-29 an Imperial gallon (160oz)  5 gallons Imperial was the same as 6 gallons US 

The lowest price for gas I remember was in the late 60's. There was a non brand gas station selling for .29 cents a gallon. I guess you are a little older than I am, but I miss those days. You had to fill up every couple of days because your car got crappy gas mileage.

Yeah! AND, the American prices were always lower than ours. $20 would buy you a bit more than 17 Imperial or 20 US gallons of gas, so the fact was that that land yacht you were driving was still affordable; even though you were likely making about $1.60/hr. 

[BIGSHCLUNK]

Regular is now .89  just a few miles west of here 

[JS29]

Regular is now .89  just a few miles west of here