Bullsh#t! The government's inflation calculator says that $0.30/gal in 1961 should equate to $2.20/gal today. Figures never lie, but reporters with an agenda do.
This is garbage. Gasoline in 1998 was around 80 cents a gallon and there hasn’t been any sort of a four - one increase in living costs since then.
Gas was about 27 cents a gallon circa 1962. I was making a dollar an hour. THAT was minimum wage. I now make 30.00 an hour but minimum wage is what? You do the math.
We are spending less as a percentage of income on energy than 25 years ago. When gas prices started to rise, this was pointed out. However, the liberals are trying to use this now to keep us from drilling.
“A big surprise on gas (fuel is more affordable than it was during the early ‘60s)”
So what! We produced the majority of our fuel back then also. Something we desperately need to do again.
It’s a matter of National economics, and security as well as price.
We send millions of dollars per day to other Nations for our oil. We are at risk if war, or situations rekindle similar to the early ‘70’s when OPEC squeezed us.
We need to drill our own oil period.
Bullsh#t! The government's inflation calculator says that $0.30/gal in 1961 should equate to $2.20/gal today. Figures never lie, but reporters with an agenda do.
GIGO
Bull****
It isn't true at all and just another attempt by leftist to pull the wool over the eyes of the voters. They are scared that a vast majority of us have finally figured out what they are up to with all the enviro regs.
I graduated HS in 1959. During the 60s I made between 2 bucks an hour and 3.50 per hour. Gas ranged during that time between 25 cents per gallon and 30 cents per gallon, sometimes less because back then we had Gas Wars. Competing stations would lower prices until one of them broke.
These wars were outlawed, yep, the politicians made it illegal for stations to compete against each other so today we never have gas wars and prices rarely differ by more than a few cents.
The whole point of this is the wages I made then were more than capable of paying for Gas, rent, food and clothes. I worked, my wife didn't and we made it just fine, two cars and I bought a house.
Telling people that todays wages and prices are the same ratio as they were then is BS. You can make anything look good on paper, but those of us who lived through it know better.
I'm getting daily visions of Charlton Heston in the ape movie.
It's a mad house.