Inflation and the cost of gasoline

2023-11-20 09:44:49

Inflation and the cost of gasoline


In 1980, one gallon of gasoline costs $1.22.  Today's prices are a lot higher.  Is that because the price has gone up or because in 1980 you could buy a lot more than you can buy today for $1.22?

In this activity we investigate the relative value of a gallon of gasoline.  Has the cost of gas really gone up? Students can use our activity sheet to discuss and refine the current and past gasoline costs and the effects of inflation. Then you and your class can study the charts and make some informed observations about whether the constant dollar cost of gasoline has really gone up, stayed the same, or gone down.  Add in some current event facts to the discussion to analyze why the nominal price of gasoline has changed through the years.

This activity is appropriate for students 5th grade or older.  It can be used to address many different skills & standards.

For Adventurer members we have an editable Word docx, an Excel sheet, and our activity solution.


Activity Solutions & Supporting Materials
Share this:
Comments (0)
    Display 1 - 10 Of total 0
    What a range
    📗Tem...
    Monarch's are flying south again
    In mid-August and early September, the M...
    Happy National D🍩nut Day!
     We have 2 activities to support th...
    Holiday Movies
    In this updated activity, students will explor...
    Linsanity
    Jeremy Lin is the New York Knicks most start...
    Viral Growth - Talk like a Pirate Day
    Sunday, September 19th is "Talk like a Pirate Da...
    How big is this hornet really?
    Egad !!!!   Giant Asian hornets have no...
    Stock Market headlines - Biggest losses since 2008
    This year the Dow Jones Industrial Average m...
    Jackie Robinson
    April 15th, 1947 was a date to remember.  J...
    Just ONE hot dog
    A newly released nutritional and environment...