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28 December, 23:55

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?

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  1. 29 December, 00:19
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    In 1998, gasoline prices were $1.03 per gallon.
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