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.


Download PDF Download Editable Files
Share this:
Comments (0)
    Display 1 - 10 Of total 0
    When will he use up his chocolate milk account?
      Brian's son buys chocolate milk ever...
    Throwing Up 2023
    This year, Buffalo, New York, has had more than ...
    Saving Water Bottles
    In my grocery store they ...
    Doubling your money
    My friend and I were arguing about how lon...
    The Olympic Torch trip in South Korea
    On October 24, 2017, the Olympic flame was captu...
    Median age of country populations
    Interesting map! Why median? What are the implic...
    Is my son going to win again?
      Brian son's pretty young but is ...
    It's latke time
       In Leslie's family it is tradition...