Special Report

What a Gallon of Gas Cost the Year You Were Born

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1929
> Price per gallon (inflation adj.): $0.21 ($2.49)
> U.S. oil production: 2.8 million barrels per day
> Price of a barrel of oil (inflation adj.): $1.27 ($14.76)

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1930
> Price per gallon (inflation adj.): $0.20 ($2.42)
> U.S. oil production: 2.5 million barrels per day
> Price of a barrel of oil (inflation adj.): $1.19 ($14.44)

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1931
> Price per gallon (inflation adj.): $0.17 ($2.31)
> U.S. oil production: 2.3 million barrels per day
> Price of a barrel of oil (inflation adj.): $0.65 ($8.83)

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1932
> Price per gallon (inflation adj.): $0.18 ($2.76)
> U.S. oil production: 2.1 million barrels per day
> Price of a barrel of oil (inflation adj.): $0.87 ($13.41)

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1933
> Price per gallon (inflation adj.): $0.18 ($2.85)
> U.S. oil production: 2.5 million barrels per day
> Price of a barrel of oil (inflation adj.): $0.67 ($10.70)

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1934
> Price per gallon (inflation adj.): $0.19 ($2.88)
> U.S. oil production: 2.5 million barrels per day
> Price of a barrel of oil (inflation adj.): $1.00 ($15.28)

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1935
> Price per gallon (inflation adj.): $0.19 ($2.81)
> U.S. oil production: 2.7 million barrels per day
> Price of a barrel of oil (inflation adj.): $0.97 ($14.47)

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1936
> Price per gallon (inflation adj.): $0.19 ($2.87)
> U.S. oil production: 3.0 million barrels per day
> Price of a barrel of oil (inflation adj.): $1.09 ($16.11)

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1937
> Price per gallon (inflation adj.): $0.20 ($2.85)
> U.S. oil production: 3.5 million barrels per day
> Price of a barrel of oil (inflation adj.): $1.18 ($16.83)

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1938
> Price per gallon (inflation adj.): $0.20 ($2.85)
> U.S. oil production: 3.3 million barrels per day
> Price of a barrel of oil (inflation adj.): $1.13 ($16.49)