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To: seasoned traditionalist
Next time you stop at the pump and pay trough-the-stratosphere prices
BS. Gas prices are high, but nothing compared to what they were in the 70s.
2 posted on 09/05/2006 7:09:34 AM PDT by oh8eleven (RVN '67-'68)
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To: oh8eleven

I saw $2.48 for Hugo's gas this morning on the drive in.


9 posted on 09/05/2006 7:24:51 AM PDT by TexasCajun
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To: oh8eleven
Hey everybody...stop your b*tchin'!

A gallon of Benjamin Moore paint...Matte Finish... color HC-61 is $46.45 with tax.

;^)

12 posted on 09/05/2006 7:28:26 AM PDT by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon)
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To: oh8eleven

Where were you in the 70's? Gas was never $3.oo or even $2.oo per gallon. At least not in Texas.


25 posted on 09/05/2006 7:41:02 AM PDT by Msgt USMC
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To: oh8eleven
According to the inflation calculator, $2.85/gal would be $.76/gal in 1975. I forget, what was the price of gas then?

31 posted on 09/05/2006 7:54:22 AM PDT by William Terrell (Individuals can exist without government but government can't exist without individuals.)
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To: oh8eleven
Next time you stop at the pump and pay trough-the-stratosphere prices

BS. Gas prices are high, but nothing compared to what they were in the 70s.

Really? I don't know how old you are, but I can remember "vividly" the jump in prices (DOUBLING) in the early 70's (as I had just got out of an 8 year enlistment in AF) and had started working in the Insurance Business, which I ended up getting out of because gas prices were killing me.

I also remember paying as little as 18 cents a gallon when I started driving in 1959.

Okay, I know what you (and others) will suggest as to the value of a dollar today, in 1970's terms.

Thus, read on McDuff!!!

http://www.1970sflashback.com/1976/Economy.asp

Category

Economy / Prices

1976 Economy / Prices

Economy

President: Gerald R. Ford

Vice President: Nelson A. Rockefeller

Population: 218,035,164

Life expectancy: 72.9 years

Federal spending: $371.79 billion

Federal debt: $629.0 billion

Inflation: 8.7%

Consumer Price Index: 56.9 Unemployment: 8.5%

Prices

Cost of a new home: $48,000.00

Median Household Income: $12,686.00

Cost of a first-class stamp: $0.13

Cost of a gallon of regular gas: $0.59

Cost of a dozen eggs: $0.84

Cost of a gallon of Milk: $1.65

Allowance for inflation

The allowance of $0.59 you received in 1976 would be worth $1.99 today.

http://cgi.money.cnn.com/tools/allowance/allowance_101.html?step=calced&templName=allowance.html&resultsmode=3&allowance=.59&year=1976

Thus, I don't know WHERE you are buying your gas, but please let us ALL know as there are a few of us out here, who are paying just a mite over $1.99 a gallon.

33 posted on 09/05/2006 8:03:48 AM PDT by seasoned traditionalist (ALL MUSLIMS ARE NOT TERRORISTS, BUT ALL TERRORISTS WHO WANT TO DESTROY OUR COUNTRY, ARE MUSLIMS)
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