Someone wrote in [personal profile] wombat_socho 2006-04-27 07:36 am (UTC)


This chart indicates that when you adjust for inflation, high-test (93 octane) costs about the same now as it did in late 1979, which is to say about a buck in 1979 dollars. As Nick Schulz says in Forbes, maybe that's why most people don't seem to be changing their plans despite the high prices, which are about $2.85/gallon for regular in my end of the metro.

Back in the day, I was paying about $0.97/gallon for 95-octane premium, at a time when I was making $3.50/hour scooping ice cream and stocking shelves. So paying $2.85/gallon for unleaded when I'm making $17/hour isn't as much fun as paying $2.25/gallon, but it's a long way from the $4.71/gallon if prices had risen with my pay.

To make it totally fair, you need to compare it with what M. is making now, not with what you are making now.

--RS

Post a comment in response:

This account has disabled anonymous posting.
If you don't have an account you can create one now.
No Subject Icon Selected
More info about formatting