Thread: Cheap Gas?
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06-22-2008 02:24 PM #1
Cheap Gas?
Found this on the internet, so it immediately becomes suspect, but do you agree with it? I remember in the early to mid-sixties that to take a girl to a movie and then the local "Mel's Diner" back home for a hamburger and coke, it would cost a total of about $5.00 and I sweated to get that much together.
What about gas prices as a percentage of our income?
In other words, does the gas bite of our paycheck rival the bite of yesteryear? Not even close. Given today's fatter paycheck, we pay less as a percentage of our mean disposable income. A gallon was 27 cents in 1949 – but to put the same pinch on your wallet today, you'd pay $6.68. Gas for 1962's "muscle cars" cost 31 cents a gallon. To feel the same economic impact today, you'd pony up $4.48 a gallon.I thought I was broke 'til I bought a streetrod
Well I've sure gotten old too so don't worry about it! I've had two bypass surgeries, new knees, fought prostate, cancer and diabetes. I'm half blind, can't hear anything quieter than a jet engine,...
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