Fellow motorists,
Don't worry too much about the current price of fuel. For all of the talking,
shouting, screaming and politicizing about the price of gasoline, please
consider this in context. I'm going to compare the price
of gasoline today to the price in 1958, when gasoline was considered to be so
cheap that Americans could afford to drive heavy, flashy cars with little
consideration of fuel economy.
The average annual wage in 1958 was $3,674 and the average price of gasoline
was $0.284 per gallon. The current average annual wage of about $40,000 is
about eleven times that of 1958. Eleven times $0.284 is $3.124, which is very
close to the price of a gallon of regular gasoline here in Washington State
where the price of gasoline is high. Gasoline is still cheap and for most
vehicles a small portion of the cost of ownership and operation! Also,
gasoline is a commodity, so people shouldn't get all shook-up when the price
goes up and down.
By the way, have you ever heard these numbers mentioned by anyone in our
national media? I believe that's a reflection of how reliable and honest the
so called journalists we have these days are.
Gary
'73
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