Rick,
Good Post. If our current 40 cents or so a gallon tax weren't there it
would really be cheap.
Bob McL
- -----Original Message-----
From: owner-gmcmotorhome
[mailto

wner-gmcmotorhome]On Behalf Of
RickStapls
Sent: Saturday, March 11, 2000 12:53 PM
To: gmcmotorhome
Subject: Re: GMC: Gas Prices
> .I ran across an old photo taken after the 1933 earthquake in Long
> Beach California. It showed a gas station that had been crushed by a
falling
> wall. All that was left was the gas price sign near the curb that showed
the
> price at 10.9 cents per gallon. Sob, sob, sniffle!...
Jim,
I sympathize. OTOH, my old Automotive Encyclopedia lists a 1933 Ford V8
as selling for $560 US. I think that works out to about 2500 - 3000%
inflation since those depression days, which would make your 10.9 cent gas
sell for (approximately) $2.70 - $3.25 / gallon!
BTW, that's one of the insidious things about inflation: It makes it
difficult to determine who's giving you a good deal, and who's ripping you
off. The gu'ment compounds this by resetting the base year for their
inflation reports, so we never see just how bad it is. For example, I
automatically use a factor of 500% to readjust prices to the days of my
youth
(I got my license in 1963), when gas was ~30 cents, a new Ford was ~ $3000,
and the average house was $15000 - $20000. But I never consider the
inflation experienced by the generation before me. How much is a $1 gold
coin worth today?
Since the Feds get the inflated money first (they, after all, do the
inflating by printing it faster), they get more for their (our?) dollars
before the inflation works through the economy. Maybe that's why I like
Alan
Greenspan!
OK, I'll shut up now...... This stuff gets me going. ;-)
Rick Staples
'75 Eleganza
Luisville, CO