The Traveling Wilburys Vol. 1 was released on Oct. 18, 1988. Courtesy of Wilbury hide caption toggle caption Courtesy of Wilbury World Cafe 30 Years Later: Was 1988 The Greatest Year In Music? XPN September 24, 2018 It's 1988. A gallon of gas is about 90 cents and movie tickets average $3.50 a flick, but what was new in your music collection?