How much was a gallon of gas in 1989 ? 1.19/ gal ??
Even cheaper than that. I found some old fuel receipts, one from the early '90s and one from 1999. I think the early '90s one was $0.899 per gallon, but the one from 1999 was $0.999 cents a gallon and it was for $15 worth of fuel.
I just looked. My 93 has the same one as the first pick and my 92 has one like the second picture. Maybe the build was early enough on the second car to let them use up some old stock covers. Just a thought.
I just looked. My 93 has the same one as the first pick and my 92 has one like the second picture. Maybe the build was early enough on the second car to let them use up some old stock covers. Just a thought.
Based on National Averages, mine were lower because I lived in a rural area but here they are:
88 was $1.08, mine was $0.89/gal
89 was $1.12
90 was $1.16
91 was $1.21
92 was $1.05
93 was $1.07
It was interesting to see in 90 and 91 it went up a bit, then dropped in 92 again. Usually election years had a small impact on gas prices back then.
Wow, good info ! I remember figuring how long it would take for the festiva to pay back its original purchase price @ $1.30/gal. It's far exceeded those projections by a long shot !!
sigpic The Don - Midwest Festiva Inc., Missouri Chapter
It was interesting to see in 90 and 91 it went up a bit, then dropped in 92 again. Usually election years had a small impact on gas prices back then.
90 and 91 would have been the first Persian Gulf war, which was why the prices spiked. I remember when I got my first Festiva in 98, I could fill it from flat dead empty for 9 bucks. Ahh, the good old days.
Dumb thieves go to prison, smart ones go to work for the Government.
1988 L - 232K miles Batstiva
1989 L - 247K miles Slick
1990 L - 281K miles Orphan Annie
Let the hoarding begin!! :mrgreen:
For a real comparison, you must adjust the cost per gallon for the year in question by the annual inflation for the periods compared to determine the real difference in cost per gallon.
For example: In 1969 I remember paying .349 per gallon for regular.
My last fillup was 3.749
The annual overall inflation rate for the period 1969 thru 2010 was 4.50%.
A 1969 Dollar was worth 6.08 in 2010.
So multiply .349 * 6.08 = 2.12192
If gas prices had increased by only the inflation rate, the price would be $2.12192
instead of $3.749.
3.749 / 2.12192 = 1.76679
End result: True gas prices in 2011 are 1.76679 times what they were in 1969.
Putting it another way gas prices are about 176.68% of what they were 1969.
If gas prices drop to $2.12 today it would be like paying .349 in 1969.
I believe this increase will seem mild in the coming decade as the world's oil supplies continues to be depleted.
This easy and mobile-friendly calculator will compute the value of a dollar over time. For example, if you had $100 in 1980, how much would it be worth today
Last edited by 1990new; 05-20-2011, 08:47 PM.
Reason: spelling
The world's oil supply isn't the reason for such high prices. It's the constant buying and selling of it that manipulates the price so high.
Yup exactly, heres some food for thought, a couple years ago a barrel of crude oil was $120 (approx.) and gas prices (in canada) were approx. $1 per litre.. now, a barrel of oil is approx $100 with gas prices reaching $1.30 per litre (approx)
Now try and tell me we're not getting screwed hard and dry.... the oil companies saved money by not supplying the lube
1988 323 Station Wagon - KLG4 swapped
1988 323 GT - B6T Powered
2008 Ford Escape - Rollover Survivor
1990 Festiva - First Ever Completed KLZE swap (SOLD)
If no one from the future stops you from doing it, how bad of a decision can it really be?
In 68 i worked at the local Skelly full service station, price of a gallon of Reg was .22 and if we had a gas war in town it was .17 thats from back in the day when premium was called Hi test or Ethel.
An idea can turn to dust or magic, depending on the talent that rubs against it.
In 68 i worked at the local Skelly full service station, price of a gallon of Reg was .22 and if we had a gas war in town it was .17 thats from back in the day when premium was called Hi test or Ethel.
And we drove cars like this that got 5 MPG.
sigpic The Don - Midwest Festiva Inc., Missouri Chapter
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