⛽ Price of Gas in 2016
Verdict: Inflation Trap
Gas cost $2.14 in 2016. Adjusted for inflation, that's $2.80 today. The actual price today is $3.45 — 23.2% more expensive.
⏱️ Labor Hours to Buy Gas
2016
0.1
hours of median work
Today
0.1
hours of median work
In 2016, a median earner worked 0.1 hours to buy gas. Today, it takes 0.1 hours. It is 1.1x harder to earn.
📈 Gas Price History
1984
2024