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19-09-2022
Mathematics

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The price of gas per gallon in 1982 was $1.31. What would be the equivalent price in July 2022 dollars (the most recent data for the CPI available)? The CPI is 296.3 for July 2022. The base year for the CPI is 1982, so the value of the CPI in 1982 is 100.

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