Neil, I just entered the price of the gas I pumped in the summer of
1968 (36.9 cents/gallon) in an "inflation
calculator"(data.http://bls.gov/cgi-bin/cpicalc.pl ) and ended up
with $2.27/gallon in todays dollars. That's not all that close to $4.00/gallon.
Mike
At 07:50 PM 5/17/2008, eastern sierra Adj Services wrote:
Sorry to say this, Roger, but it appears that you are incorrect, once
again.....
There certainly is a DIRECT relationship betweeen disposable income and
the cost of goods and services (what you can afford to buy, with
whatever money you HAVE, to spend on purchases ).
The only question is that of the percentage- relationship of income,
with the cost-of-living, between: "now-and- then".
$10,000.00/year income was a LOT of money in the 60's.
$150,000.00 is a lot of income, nowadays.
What is the relationship between a loaf of bread, a gallon of gas, the
cost of an 'average' house, between the 60's and now ?
YOU might not want to pay $26,000.00 for a dress, today, but that
appears to be the comparable cost of a $2,000.00 dress, in the mid-60's.
YOU might not want to pay $4.00/gallon for a gallon of gas, today, but
that price is VERY comparable to what the inflation-adjusted price for
gas was, in the 1960's.
Neil Vedder
*************************************************************
To unsubscribe or set your subscription options, please go to
http://lists.psu.edu/cgi-bin/wa?SUBED1=l-forwardlook&A=1
Received: from smtpinvite-3302.bay.webtv.net (209.240.205.170) by
storefull-3136.bay.webtv.net with WTV-SMTP; Sat, 17 May 2008
13:58:17 -0700
Received: from f05s16.cac.psu.edu (f05s16.cac.psu.edu [128.118.141.59]) by
smtpinvite-3302.bay.webtv.net (WebTV_Postfix+sws) with ESMTP id
65A8360E1F for <esierraadj@xxxxxxxxx>; Sat, 17 May 2008 13:58:16
-0700 (PDT)
Received: from tr12n08 (tr12g08.aset.psu.edu [146.186.16.58]) by
f05s16.cac.psu.edu (8.13.8/8.12.11) with ESMTP id m4HA1BKd141106;
Sat, 17 May 2008 16:57:58 -0400
Received: by LISTS.PSU.EDU (LISTSERV-TCP/IP release 15.5) with spool id
8632837 for L-FORWARDLOOK@xxxxxxxxxxxxx; Sat, 17 May 2008 16:57:57
-0400
Received: from f05s16.cac.psu.edu (f05s16.cac.psu.edu [128.118.141.59]) by
tr12n08.aset.psu.edu (8.13.8/8.13.8) with ESMTP id m4HKvtBQ1695940
for <L-FORWARDLOOK@xxxxxxxxxxxxx>; Sat, 17 May 2008 16:57:55 -0400
Received: from smtp3.pacifier.net (smtp3.pacifier.net [64.255.237.173]) by
f05s16.cac.psu.edu (8.13.8/8.12.11) with ESMTP id m4HKvti1034646
for <L-FORWARDLOOK@xxxxxxxxxxxxx>; Sat, 17 May 2008 16:57:55 -0400
Received: from D6GZWQ61 (unknown [66.53.211.235]) by
smtp3.pacifier.net (Postfix)
with SMTP id 7D2B78857; Sat, 17 May 2008 13:57:53 -0700 (PDT)
References: <18418-482F1A08-6738@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>
MIME-Version: 1.0
Content-Type: text/plain; format=flowed; charset="iso-8859-1";
reply-type=original
Content-Transfer-Encoding: 7bit
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 6.00.2900.3138
X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.3198
X-Greylist: Default is to whitelist mail, not delayed by
milter-greylist-3.0 (f05s16.cac.psu.edu [128.118.141.59]); Sat, 17
May 2008 16:57:55 -0400 (EDT)
X-Virus-Scanned: amavisd-sophos
X-PSU-Spam-Flag: YES
Precedence: bulk
X-PSU-Spam-Hits: 2
X-PSU-Spam-Level: **
Message-ID: <002501c8b861$66db0f70$ebd33542@D6GZWQ61>
Date: Sat, 17 May 2008 14:03:04 -0700
Reply-To: Jan & Roger van Hoy <vanhilla@xxxxxxxxxxxx>
Sender: Forward Look Mopar Discussion List <L-FORWARDLOOK@xxxxxxxxxxxxx>
From: Jan & Roger van Hoy <vanhilla@xxxxxxxxxxxx>
Subject: Re: [FWDLK] gas prices
Comments: To: eastern sierra Adj Services <esierraadj@xxxxxxxxx>
To: L-FORWARDLOOK@xxxxxxxxxxxxx
'Politics makes strange bedfellows,' and there are people in favor
of high gas prices for totally disparate reasons. For example,
auto-haters and oil tycoons.
Any comparison of then vs. now must fail because... that was then
and this is now. Inflation does not apply equally to all goods and
services; the comparison between pop stars' gowns and gas prices is
strictly coincidental. Prices of food, housing and clothes have
escalated recently, but crops are grown farther away and clothes are
made abroad for pennies by sweatshop labor, so nowadays
transportation and thus fuel prices are a bigger consideration in the equation.
The bottom line is that quality of life in these here US of A is
dropping; apathy and greed are on the rise. Maybe there's a correlation.
--Roger van Hoy, Washougal, WA, '55 DeSoto, '58 DeSoto, '56
Plymouth, '66 Plymouth, '41 Dodge
----- Original Message ----- From: "eastern sierra Adj Services"
<esierraadj@xxxxxxxxx>
To: <L-FORWARDLOOK@xxxxxxxxxxxxx>
Sent: Saturday, May 17, 2008 10:46 AM
Subject: Re: [FWDLK] gas prices
There have been some discusions about current World affairs, over on the
forwardlook.net website's General Discussion, including my own
instigated "Runnin on Empty" thread, which y'all can read and even
post-on.
The gist of one of my 'thoughts' was that a rent CNN article on a
Supremes' gown cost $2K in mid 60's and that that gown, today , would
cost around $23K.
Some quik math, and an inflation rate of 13-times is reached,
Dividing 4-buk Chuck gas-price by 13 produces a mid-60's gas price of
about 31cents!!!
Todays 'gas-guzzlers' get 20+ mpg but have very little scheduled
maintenance like the 50's/60's cars did, for tires/batteries/tune-ups/
parts/etc, and 'we' are not buying new cars, routinely, about every 3-4
years, as was common, in 'the-day'.
As a PM, Mark, I dropped your name, on the Tulsarama Board, in Re: to
offering the Videographer big-bux for his vault-muddy street shoes, on
WED, after he video'ed the car, after the lids were first removed (and
showed us his State-Secret unedited video OF the car, inside the vault).
Neil Vedder
*************************************************************
To unsubscribe or set your subscription options, please go to
http://lists.psu.edu/cgi-bin/wa?SUBED1=l-forwardlook&A=1
*************************************************************
To unsubscribe or set your subscription options, please go to
http://lists.psu.edu/cgi-bin/wa?SUBED1=l-forwardlook&A=1
*************************************************************
To unsubscribe or set your subscription options, please go to
http://lists.psu.edu/cgi-bin/wa?SUBED1=l-forwardlook&A=1
|
|
Back to the Home of the Forward Look Network