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Sure, but I think the $1.60 is an outlier. Looking at the GasBuddy site the
average price over the last 10 years has been more like $2.80. That would be
equivalent to $0.36 in 1962, $0.46 in 1970, $0.97 in 1980, $1.54 in 1990 and
$2.03 in 2000. Projections are for crude to stay low for a while but that may
turn out to be a year or two. Many producers can't make money at the current
rate for crude.
Dave Massey
-----Original Message-----
From: Home Consolidated <triumphs@consolidated.net>
To: Listserv Triumph <triumphs@autox.team.net>
Sent: Mon, Dec 14, 2015 10:59 pm
Subject: [TR] Ruminations
I saw $1.60 per gallon gasoline recently which got me to thinking. Has gas
ever been this low?
An inflation calculator.
http://inflation-calculator.com/?gclid=CIyppfb83MkCFQuLaQodnV4AOg tells me that
a buck sixty today is the same as $0.21 in 1962, $0.27 in 1970, $0.57 in 1980,
$0.90 in 1990, and $1.18 in 2000. I never remember gas prices that low. I
remember $0.14 for a week or so during a local gas war in the early sixties and
$0.35 was about right in the early 70's, before the first Arab embargo, but
otherwise it seems like prices were always a lot higher. In 2005 I remember
paying north of $4.00 per on the west coast or $4.88 today. I was watching an
old tv show (1977) and the station sign said $0.609 or $2.13 today.
We must be doing something right.
Ken Gano
Sent from my iPad
** triumphs@autox.team.net **
Archive: http://www.team.net/archive
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<font color='black' size='4' face='Arial, Helvetica, sans-serif'><font
size="4">Sure, but I think the $1.60 is an outlier. </font><font
size="4">Looking at the GasBuddy site the average price over the last 10 years
has been more like $2.80. That would be equivalent to $0.36 in 1962,
$0.46 in 1970, $0.97 in 1980, $1.54 in 1990 and $2.03 in 2000.
Projections are for crude to stay low for a while but that may turn out to be a
year or two. Many producers can't make money at the current rate for
crude.</font>
<div> <br>
</div>
<div style="clear:both"><font size="4">Dave Massey</font><br>
<br>
</div>
<div> <br>
</div>
<div> <br>
</div>
<div
style="font-family:arial,helvetica;font-size:10pt;color:black">-----Original
Message-----<br>
From: Home Consolidated <triumphs@consolidated.net><br>
To: Listserv Triumph <triumphs@autox.team.net><br>
Sent: Mon, Dec 14, 2015 10:59 pm<br>
Subject: [TR] Ruminations<br>
<br>
<div id="AOLMsgPart_1.2_511760d7-4e40-47d7-bfe9-ddacca537412">
<div dir="auto" class="aolReplacedBody">
<div>I saw $1.60 per gallon gasoline recently which got me to thinking.
Has gas ever been this low?</div>
<div><br>
</div>
<div>An inflation calculator. <a target="_blank"
href="http://inflation-calculator.com/?gclid=CIyppfb83MkCFQuLaQodnV4AOg";>http://inflation-calculator.com/?gclid=CIyppfb83MkCFQuLaQodnV4AOg</a> tells
me that a buck sixty today is the same as $0.21 in 1962, $0.27 in 1970, $0.57
in 1980, $0.90 in 1990, and $1.18 in 2000. I never remember gas prices that
low. I remember $0.14 for a week or so during a local gas war in the early
sixties and $0.35 was about right in the early 70's, before the first Arab
embargo, but otherwise it seems like prices were always a lot higher. In
2005 I remember paying north of $4.00 per on the west coast or $4.88 today. I
was watching an old tv show (1977) and the station sign said $0.609 or $2.13
today. </div>
<div><br>
</div>
<div>We must be doing something right. </div>
<div><br>
</div>
<div>Ken Gano <br>
<br>
<div>Sent from my iPad</div>
</div>
</div>
</div>
<br>
** <a href="mailto:triumphs@autox.team.net";>triumphs@autox.team.net</a> **<br>
<br>
Archive: <a href="http://www.team.net/archive";
target="_blank">http://www.team.net/archive</a><br>
Forums: <a href="http://www.team.net/forums";
target="_blank">http://www.team.net/forums</a><br>
</div>
</font>
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