The Shrinking Power of $1
Once upon a time, $1 could fill up your gas tank. In 1930, it got you 10 gallons. But as
inflation, government policies, and mounting debt took their toll, that number has plunged.
By 1950, $1 bought just 3 gallons. The 1970s saw the dollar weaken further when we left
the gold standard, dropping its value to 1.5 gallons. And today, in 2024, $1 won’t even get
you a third of a gallon 2. This is the real impact of inflation—each year, your dollar buys you
less and less. Here's a look at how many gallons of gas $1 could buy at each decade:
THE DECLINE OF THE U.S. DOLLAR OVER TIME
2. https://finance.yahoo.com/news/gas-prices-every-decade-since-110002903.html
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