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To: bananaman22

$2.50/gal for gasoline is still a ripoff.


4 posted on 04/12/2016 8:03:53 AM PDT by stboz
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To: stboz
$2.50/gal for gasoline is still a ripoff.

In 1966, gasoline cost $0.32 a gallon, and gold was $35 an ounce. This morning in AZ, gasoline costs $2.19 a gallon, or just under 7 times more, while gold is $1268 an ounce, or just over 36 times more. In terms of what the dollar is worth, we should be paying about $13/gal--I'm not advocating this by any means, just pointing out how much more it cost 50 years ago to buy gas than it does today.

P.S. I lived in Japan in the late 60s: on base, the gas price was $0.15, while the Japanese paid, IIRC, the exorbitant price of about $0.50/gal.

19 posted on 04/12/2016 8:30:39 AM PDT by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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