
Originally Posted by
Evolvo
It's Spring/Summer, vacation time, time to hit the road. Prices for fuel have gone up at this time of year forever, it's like an American tradition.
My first job pumping gas in 1967. I was making min wage, $1.25 hour, gas cost $.23 gallon. So .23/1.25=18.4% of my hourly wage bought a gallon of gas.
So now gas has shot up to $2.93 gallon. If I'm making $25 per hour that formula looks like this. 2.93/25=11.72% of my wage buys a gallon of gas.
The price to wage ratio has dropped by 6.38%, gas has never been this cheap!!
Turn out the lights, the party's over THIS PLACE IS DEAD!
Dead!