I have to agree. I was in Europe three years ago. I never thought my Jeep
could hold $60 of gas, but that's how much I put in it. Less than 20
gallons.
We Americans (myself included) are spoiled to cheap energy costs,
particularly petroleum for transportation, heating, and cooling. Using some
inflation rate tables I found on the net, $1.00US in 1999 is worth about
$0.21US in 1969. That means a gal of gas at $1.50 is equal to about 33
cents in 1969. I wasn't driving then but I've been told that regular gas
was between 40 and 50 cents a gallon back around then (Southern California).
Economically speaking, it's still cheaper now than it was 30 years ago. And
this includes the increased taxes (environmental, pollution, etc.) we now
pay that we didn't then.
A quote from the westegg.com inflation calculators:
"An equivalent amount of $1 in 1999 dollars would be $0.21 in 1969 dollars.
However, $1 in 1969 would have been worth $4.66 in 1999. "
When you look at it that way, it's really not all that bad.
conversion calculators:
http://www.jsc.nasa.gov/bu2/inflateCPI.html
http://www.westegg.com/inflation/
A conversion page for more info:
http://www.orst.edu/dept/pol_sci/fac/sahr/sahr.htm
-----Original Message-----
From: owner-spitfires@autox.team.net
[mailto:owner-spitfires@autox.team.net]On Behalf Of Suzie
Sent: Saturday, February 26, 2000 10:36 AM
To: Spitfires
Subject: Re: FW: FW: Great American Gas Out!]
I can't feel too sorry about US prices, just try UK prices. It equates to
about $4.50 a US gallon!
Suzie
----- Original Message -----
From: BILL McDEVITT <wmmk1@informatics.net>
>
>
> > I, for one, am tired of $1.50/gal. This was worthy of my support. I
> hope you feel the same.
|