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Since we're reminiscing, I remember in the early 70s going on vacation and filling up in Gallup NM. Ethel was .57¢ and I had a major hissy fit. Still haven't gotten over it.
Awhile back I started a thread about rising gas prices. Oh, how the liberals poo-poo'd me, trying their damnest to refute what I said with graphs, charts, and all kinds of hocus pocus.
I don't believe a single one of them came back and said, "oopsie, I was wrong."
It must be awful to be in that much of a coma.
Quote:
Originally Posted by pghquest
So you're saying gas prices are high because people are driving 25 year old cars and Obama cash for clunkers was a failure?
lol. If 0bama did it, it's a failure. That poor moron probably can't even tie his own shoelaces.
Late 80's I had a Chevy 1-ton that was built for racing. I could go through 30 gallons of gas in about 3 hours at the local race-road where I lived. Then again, gas was around 90 cents a gallon and I averaged $300-$400 on a Friday night in winnings so it was affordable. If gas prices were tied to inflation rather than speculation and governmental oversight, we would be paying about $1.85 a gallon now and I'd still be able to afford blowing 30 gallons of gas in a single night.
That site plays with the numbers fairly well, but let's cut past that and do a simple test. Go to this site, which is run by the department of labor, enter $0.90 for the amount, 1986 for the year (gas was right at $.90/gallon in 1986, at least where I lived) and hit calculate. You'll see that $.90 in 1986 is equivalent to $1.91 in today's dollar.
As some further reading, check the Department of Energy's chart on gas prices here and you'll see that the site you linked to is a bit off base on the numbers. Nothing against whoever is running the Inflation Data site, but I'd much rather get the numbers from the source (DOE) than take his word that he did the math correctly.
That site plays with the numbers fairly well, but let's cut past that and do a simple test. Go to this site, which is run by the department of labor, enter $0.90 for the amount, 1986 for the year (gas was right at $.90/gallon in 1986, at least where I lived) and hit calculate. You'll see that $.90 in 1986 is equivalent to $1.91 in today's dollar.
As some further reading, check the Department of Energy's chart on gas prices here and you'll see that the site you linked to is a bit off base on the numbers. Nothing against whoever is running the Inflation Data site, but I'd much rather get the numbers from the source (DOE) than take his word that he did the math correctly.
Yes, selecting your base period is crucial to your argument. 1986 was a period when the price of gasoline was at a 70 year low, adjusted for inflation. By selecting that date as the baseline, you are saying that the natural price of gasoline should be where it was during its low. If you do the same thing with gold, do you select 1977, when it was $100/oz. or 1981 when it was $800?
Late 80's I had a Chevy 1-ton that was built for racing. I could go through 30 gallons of gas in about 3 hours at the local race-road where I lived. Then again, gas was around 90 cents a gallon and I averaged $300-$400 on a Friday night in winnings so it was affordable. If gas prices were tied to inflation rather than speculation and governmental oversight, we would be paying about $1.85 a gallon now and I'd still be able to afford blowing 30 gallons of gas in a single night.
You mean real inflation or reported inflation?
Go look at what food and metals prices are too.
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Why not post a short gripe? certainly you only post things that please you?
