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Natural gas · per therm · 1931 Estimated

This figure may be significantly off. It is projected back 47 years from the first recorded price, using general inflation. Items do not track inflation evenly — groceries in particular were far more expensive relative to other goods before modern agriculture, so a figure this old can understate the real price by two-fold or more. Use it for a sense of scale, not as a historical price.

$0.07in June 1931 — about $1.49 in today's money.

Price history

$0.50$1.00$1.5019801990200020102020
19782026 · price per therm · no observations before 1978

Record & method

No price was recorded for 1931. This figure is estimated: we took the earliest observed price (November 1978) and moved it back along the category inflation curve — a back-cast of 47 years. The further back it reaches, the less it should be trusted. Treat it as an approximation, not a historical fact.

Source
U.S. Bureau of Labor Statistics via FRED. Public domain.
Series
APU000072620
Estimated for
June 1931
Coverage
November 1978June 2026
Adjusted by
CPIAUCNS · 15.1333.952 (June 2026)
Back-cast
47 years before the first record · very low confidence
License
Public domain

See the full price history for natural gas

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Verified prices are drawn from U.S. public records (BLS/FRED, public domain). Estimated prices are inflation-derived and labeled as such.
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