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Old 11-19-2007, 09:48 AM
 
Location: Tennessee/Michigan
28,952 posts, read 49,609,446 times
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(CNN) -- The price of gasoline has jumped another 13 cents in the last two weeks, close to the all-time high set earlier this year, according to a survey published Sunday.

The average price of a gallon of self-serve regular is $3.09, the Lundberg Survey found. That's just 9 cents below the record set in May.

The latest price is also 9 cents below the inflation-adjusted all-time high, said survey publisher Trilby Lundberg. In 1981, the price peaked at $1.35 -- which, in today's dollars, comes out to $3.10 using the latest Consumer Price Index data, she said.

Gas prices near 1981's inflation-adjusted record high - Nov. 18, 2007
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Old 11-19-2007, 10:32 AM
 
6,759 posts, read 10,764,801 times
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So in other words, it has taken around 27 years for gas prices to reach a previous record? Not too bad IMO that we have seen prices not exceed what was set in 1981. Still a lot of pain at the pump right now, and alternatives are needed, but really in the overall scope of things, not topping the 1981 record price for 27 years is pretty good.
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Old 11-19-2007, 11:04 AM
 
13,693 posts, read 19,819,509 times
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...and still also costs less than bottled water.
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Old 11-19-2007, 11:05 AM
 
Location: Arizona
5,396 posts, read 7,267,338 times
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Yeah. Whoopee.
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Old 11-19-2007, 11:14 AM
 
5,765 posts, read 10,671,764 times
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Economically, 1981 was a rather crappy year.
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Old 11-19-2007, 02:39 PM
 
Location: Land of Thought and Flow
8,321 posts, read 13,962,792 times
Reputation: 4894
Quote:
Originally Posted by tablemtn View Post
Economically, 1981 was a rather crappy year.
So what do we call the new century so far? A rather crappy decade(to-be)?

If so, I'm on board.

Then again, I think my math is wrong. $3.09 is nine cents below the inflation adjusted peak of ($3.10) - in my math world, that's only one cent.

Then again...
Quote:
The lowest average price for a gallon of self-serve regular was in Tucson, Ariz., at $2.91
I honestly did not see any gas station in my city above $2.83 - in fact, it's still 2.83 today. But hey, you don't see me complaining about price. If the average low in america is supposedly 2.91 and I'm getting 2.83 - well, heeeeeeeeeyyy..
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Old 11-19-2007, 02:49 PM
 
394 posts, read 220,814 times
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another one of Bushs missions will be accomplished when this happens
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Old 11-19-2007, 02:51 PM
 
394 posts, read 220,814 times
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Quote:
Originally Posted by tnbound2day View Post
So in other words, it has taken around 27 years for gas prices to reach a previous record? Not too bad IMO that we have seen prices not exceed what was set in 1981. Still a lot of pain at the pump right now, and alternatives are needed, but really in the overall scope of things, not topping the 1981 record price for 27 years is pretty good.
spoken like someone who has stock in oil

Quote:
Originally Posted by Dd714 View Post
...and still also costs less than bottled water.

it does? a gallon of bottled water costs about $1.00 where I buy it, and I only buy a couple a week at most
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Old 11-19-2007, 02:56 PM
 
6,759 posts, read 10,764,801 times
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Quote:
Originally Posted by Nothing12 View Post
spoken like someone who has stock in oil
Spoken like someone who knows about the alien residence at Roswell...
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Old 11-19-2007, 03:12 PM
 
394 posts, read 220,814 times
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Quote:
Originally Posted by tnbound2day View Post
Spoken like someone who knows about the alien residence at Roswell...

do you have stock in oil? I dont believe in Aleins
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