Adjust Gasoline for Inflation
Use this Gas Inflation Calculator to find historical gas prices on a certain date (from 1976 - 2014) and to adjust gasoline for inflation in April 2014 dollars.
This tool uses the latest US inflation data from the U.S. government, published on May 15, 2014. Read how it works.
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Slow, but solid US economic growth anticipated in Q1; inflation likely heats up - Yahoo Canada FinanceApril 25, 2024
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US growth likely slowed last quarter but still pointed to a solid economy - NewsdayApril 25, 2024
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Slow, but solid US economic growth anticipated in Q1; inflation likely heats up - Reuters.comApril 25, 2024
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Strong American Economic Forecast Is Failing To Inspire Voters, Who Blame Inflation on Biden - The New York SunApril 24, 2024
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GasBuddy
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Gas Inflation and Gas Prices
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Gas Prices Always Fall Around Elections: True or False? - MoneyApril 25, 2024
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Central Atlantic region gas prices rose from last week: See how much here - Pocono RecordApril 25, 2024
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California gas prices fell from last week: See how much here - Stockton RecordApril 24, 2024
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Gallego Urges the EPA to Lower Gas Prices for Arizonans | U.S. Congressman Ruben Gallego - Congressman Ruben GallegoApril 24, 2024
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Nat-Gas Prices Slump on Mild US Temps and Elevated Inventories - NasdaqApril 24, 2024
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US gasoline prices set to lose steam ahead of summer driving season - ReutersApril 24, 2024
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Gasoline and Diesel Fuel Update – eia
Graph of U.S. Gasoline and Crude Oil Prices
Gas and Oil News
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How the Gas Inflation Calculator Works
The Gas Inflation Calculator relies on two major U.S. government providers of gasoline and inflation data to list historical averages for gas prices and to adjust gas prices for inflation. These data providers are the eia, the U.S. Energy Information Administration, and the Bureau of Labor Statistics (BLS).
The eia offers a monthly breakdown of various data categories that include the national average for the price of regular gasoline. The data range is from January 1976 to the current previous month. BLS data includes monthly and annual readings of the Consumer Price Index, or CPI, which is the U.S. government's key reading for inflation. To get this, each month the BLS collects consumer prices from around the nation. The BLS monitors over 200 specific categories of goods and services. In calculating the CPI, it compares the most recent pricing data for a month to the previous month.
In essence, the formula powering the Gas Inflation Calculator starts with a selected month's gas price as published by the eia. It then pulls the BLS provided CPI for that month as well the most current monthly CPI to calculate the increase or decrease in inflation. From that result, the inflation change is applied to the original gas price and the inflation-adjusted gasoline price is the result.