That's an excellent comparison's Tom.
I'd like to send it to some close friends if you don't mind(with address
deleted).
Bryan
"All truth passes through three stages.
First, it is ridiculed.
Second, it is violently opposed.
Third, it is accepted as being self-evident."
-- {Arthur Schopenhauer}
Tom Bryant wrote:
> Lance & all,
>
> I think that you made a good point with the crude oil price comparison.
>
> It is amazing how soon we forget. Or is it we just don't pay attention.
> Several things come to mind...If gasoline was $0.30/gal in 1955, I was
> making about $2.00/hr at the time. That means that an hour's pay would by
> 6.67 gallons of gas. I suspect that the same job would now pay at least
> $20.00/hr. That would buy 6.15 gallons at $3.25/gallon. Not all that much
> different is it? We pay a lot of attention to some things and not much to
> others. The average tract home sold for about $10,000 in Southern California
> in 1955 and a car, I believe, for about $2,500 - $3000. What's the going
> price for these items now?
>
> I can't remember what gasoline sold for in 1978 when the gas lines were
> forming, but I believe it went over $1.00/gal for the first time. Inflation
> alone would put gas at $3.11 if it was $1.00 in 1978.
>
> I don't know what is happening nation-wide, but gasoline has been dropping a
> bit here. When I filled up Monday at Safeway it was $3.27 today it is $3.19.
>
> Tom, Redding CA - #216 D/FCC
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