Did some research about the price of gasoline.
In 1970 the average price of gas was $0.36/gal.
Using the inflation factor of 6.03 for the dollar from 1970 to 2013, the price of gasoline today using the 1970 price as a start is $2.17/gal. with dollar inflation of 6.03 factored in.
However taxes have been added to each gallon of gas by the Feds (18.4 cents/gal) and state sales tax that were not in effect in 1970. The average of all taxes today is $0.31/gal in today's dollars.
Therefor the inflated price of the 1970 gasoline in today's dollars is $2.17/gal., plus taxes of $0.31/gal.
So, the the price of 1970 gasoline in today's dollars is $2.48/gal.
You can plainly see, the price of gasoline has increased very little, it is the value of the dollar that has decreased.
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