[TR] Ruminations

[Dave]

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 at consolidated.net>
To: Listserv Triumph <triumphs at 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


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