While it probably should be more towards an ~, it is about the $0.30 Ag value of a gallon of gas nationally. Who made money on that inflation job? Certainly not my cash saving grandparents...
While it probably should be more towards an ~, it is about the $0.30 Ag value of a gallon of gas nationally. Who made money on that inflation job? Certainly not my cash saving grandparents...
It's fun to compare prices over time:
| Item | Price in 1900 | Price in 1999 |
| Sugar (1 lb.) | $0.04 | $0.78 |
| Eggs (1 dozen) | $0.14 | $1.79 |
| Butter (1 lb.) | $0.24 | $4.49 |
| Beef (1 lb.) | $0.07 | $2.29 |
| Coffee(1 lb. on commodity exchange) |
$0.07 | $1.35 |
| Kodak camera* | $5.00 | $120.00 |
| Lionel electric train | $6.00 | $150.00 |
| Train ticket** | $13.00 | $43.00 |
| First-class stamp | $0.02 | $0.33 |
OTOH, were we really better off in 1900?