[TR] Ruminations

[Bob Labuz]

Joe,

Another way to look at any price today is this way.

Back when our currency was silver based and a quarter was about 1/5th of 
an oz AG, gas was anywhere from 18 to 25c / gallon. Well if you were 
smart and saved all your dimes, quarters, half dollars and silver 
dollars you could go down to your precious metal dealer and sell them 5 
quarters (1.25) for about 13 to 14 dollars today. So a quarter could get 
you about 3$ good for about 1.5 gallons up here in upstate NY.  So if 
you look at it that way, gas is cheaper today than it was in the 60's.

Just goes to show you how much our $ has fallen in 50 years.

Now, I was just in northern CA and drove on US 395 CA, and US 95 Nevada 
and I saw prices in the 4.50 to almost 5$ range. This was in October. 
Well over double what I saw on I 40 when I got into NM and TX.

Bob

On 12/15/2015 01:18 AM, Joe Curry wrote:
>
> I can remember when I was in High School when the local stations 
> regularly staged “Gas Wars” and one time it got as low as 5 cents a 
> gallon.  That would be equivalent to %0 cents per gallon today.
>
> Joe
>
> ------------------------------------------------------------------------
>
> *From:*Triumphs [mailto:triumphs-bounces at autox.team.net] *On Behalf Of 
> *Home Consolidated
> *Sent:* Monday, December 14, 2015 9:59 PM
> *To:* Listserv Triumph
> *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
>
>
>
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