asked 54.4k views
5 votes
In 1975 the price of gasoline per gallon was 52.5 cents. With the 1975 price as the reference value, the gasoline price index for 1998 is 192.4. What was the cost of a gallon of gasoline in 1998?

1 Answer

5 votes

In 1998, gasoline prices were $1.03 per gallon.
answered
User Paradite
by
7.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.