Comparing Today’s Prices to 20 and 40 years ago
How do the rising cost of gas and groceries compare to decades ago?
While we have to take inflation into consideration, it’s always interesting to look back on the average prices and compare with today’s counterparts. In case you were wondering, we put together a few interesting comparisons.
Average price of gallon of gas in MN: $3.60
Current cost of postage stamp: $.45
Minimum Wage About: $7.25
Gallon of Milk: $4.09
Dozen Eggs: $1.69
20 years ago – 1992
Average price of gallon of gas: $1.10
Cost of postage stamp: $.29
Minimum Wage About: $4.25
Gallon of Milk: $2.78
Dozen Eggs: $.93
40 years ago – 1972
Average price of gallon of gas: $.55
Cost of postage stamp: $.18
Minimum Wage About: $1.60
Gallon of Milk: $1.20
Dozen Eggs: $.52
For what items do you think the prices have stayed amazingly low or affordable?
There are still great ways to save, and if tires are something you need, let us help you save money on new or used tires. We have tire coupons available on our website, and we frequently post articles about other ways for families to save, like our recent post “Budget Now and Travel Later”.