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Woodycall

(603 posts)
5. About that expensive gas...
Thu Nov 21, 2024, 09:37 PM
Nov 2024

In 1967, right smack in the middle of the era of “super cheap gas”, the national average for gasoline was 36 cents a gallon. Cheap huh? Right now, in the city I live in in Wisconsin, gas is averaging about $2.60/gallon and has been around that for quite a while now. Certainly, in the 2 months leading up to the election. Now plug that into an inflation calculator (Tom’s inflation Calculator in this case – Google it). $2.60 in 1967 dollars is, wait for it!... 28 cents! That’s right, gas is cheaper now than in the “Golden Age” of gas prices by 22%! But as they say, wait there’s more! The average gas mileage for cars and light trucks is at least double today.

“Compared to a typical car from the 1960s, a 2024 car will have significantly better gas mileage, with a modern vehicle achieving at least double, if not triple, the miles per gallon of a car from that era; a typical 1960s car might get around 10-15 mpg, while a 2024 car could easily average 30 mpg or more depending on the model and driving conditions.”

So, in effect, what we pay per mile to “go down the road” is at least a whopping 61% less (~14 cents/gallon in 1967 equivalent dollars) than in the so-called “Golden Age” of gas prices.

This gas price thing, and a lot of other price related things, are nothing but a bunch of easily debunked bullshit!

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