Cheap Gas Along Route 66 in Illinois

[cheap gas picture]

In 1932 the price of gas was $0.277 per gallon. On 06 February 2005, I paid $1.899 per gallon. The 2005 price is 585.6% higher than the 1932 price. { current Scottsdale gas prices }

   Compute the cost for 10 gallons of gas in 1932 compared to 2005.

   1932 $0.277 per gallon   ...   2005 $1.899 per gallon

   $ 0.277                        $ 1.899
   x     10                       x     10
   --------                       --------
   $  2.77                        $ 18.99

If we do some rounding to the nearest whole numbers, the per-gallon price of gas in 1932 was about $3 compared to $19 in 2005. Earlier it was mentioned that this is a 585.6% increase over the span of 73 years (2005 - 1932).

How did we compute the percentage change between the prices?

   ((1.899 - 0.277) / 0.277) * 100
   
     1.899
   - 0.277
   -------
     1.622

   (1.622 / 0.277) * 100

                                  _
   1.622 / 0.277 is equal to 5.8555
   
        _
   5.8555 rounded to three decimal places is 5.856

   5.856 * 100 is equal to 585.6%

In other words, $1.899 is 585.6% more than $0.277.

Update: 13 May 2005]

The Spring 2005 semester ended with gas prices at approximately $2.29 which is 727% higher than gas prices in 1932. 727% is a large percentage increase, but when inflation is taken into consideration it may be today's gas prices that are "cheap." {GDT::MAT082::Bit:: Gas Prices--1932 Versus Mid-May 2005}


Creator: Gerald D. Thurman [gthurman@gmail.com]
Created: 07 February 2005

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RoadHacker Nanofoo

The gas prices from 1932 were obtained from a window of an old Standard Oil station located along Route 66 in Odell, Illinois.

Truman told me the station needed the iceman to leave 25 pounds of ice.

Route 66 is the Mother Road of America.

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