Don't hey junior me. I was there, and long before that. I've bought gas
at 17.8 cents per gallon. Gulftane was only 21-22 cents a gallon in 1969.
My son reports that it in the mid-70's at cheapie stations in Atlanta last
month. Of course, the average salary was only about 7000/year and new
houses (better built than today's) went for about 15000. In that context,
gasoline in 1970 dollars is about 23 cents per gallon. (Do you remember
when we last had 6% house mortgage rates? In 1970 mine was only 7 percent
and a real bargain!) And remember, we're now often paying more per gallon
in taxes than we paid (pre-1974) in gas plus taxes. Gas is cheap and never
has been so cheap - a a commodity. You just forgot to adjust for 28 years
of inflation!
--tm
----------
> From: Gary Ludwick <gludwick@csi.com>
> To: Dakota Newsgroup <dakota-truck@buffnet.net>
> Subject: DML: engine size
> Date: Tuesday, September 22, 1998 10:32 PM
>
> >>Historically, gas is at an all-time low price <<
>
> Hey junior....not even close to an historic all-time low. In 1970 gas
was
> usually 25 cents a gallon...and if it was a new station you gotta a free
six
> pack of Coke with a fill-up at those prices! And new VW's were $1695
off
> the showroom floor, full list. Old farts rule!
> Gary
>
> The Internet - Living proof that 10,000 monkeys in a room with 10,000
> typewriters will NOT
> eventually duplicate the works of Shakespeare!
>
>
>
This archive was generated by hypermail 2b29 : Fri Jun 20 2003 - 12:09:57 EDT