Analyst: Gas prices to top $3.75 nationwide this spring

deskslave · Dec 31, 2007

Batman said:

BTExpress said:

I paid $1.30 per gallon in 1980.

Yes, it dropped after that and hit a low point in the mid-late 80s.

But my original statement is 100 percent true.

You are paying barely double what you paid in 1980.

What's bullshit is anyone who thinks they remember paying 75 cents a gallon . . . in California . . . anytime before 1974.

You can look it up.

http://www.fintrend.com/inflation/images/charts/Oil/Gasoline_inflation_chart.htm
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Ummm...not quite. The reason gas prices were so low in the 80s was because of the oil bust. There was also a glut in the late 90s that kept it around a buck a gallon. But five years ago (pre-Iraq and pre-Gulf hurricanes), I remember it was hovering around $1.50. Now it's close to $3. That's roughly double, and it took a hell of a lot less than 28 years to get there.
I used to be able to fill my tank for $20-$25. Then it was $25-$30. Now it's around $35 (different car, slightly larger tank, but the point is the same). That $5-$10 extra per tank, times even 5 to 10 fill-ups per month can put a real crimp in a family's budget when they don't have time to adjust.
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Not to mention the fallout in other places -- higher grocery prices, etc.

Tom Petty · Dec 31, 2007

Yawn said:

Racing to the next red light?

This is NASCAR country, people. Get over it.
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your posts are so stupid i sometimes wonder if you actually aren't geoge bush himself.

PHINJ · Dec 31, 2007

The actual price you pay at the pump to fill your car can is really a fraction of what you lose when gas/oil prices go up. Oil is essentially our entire economy. Every commodity is impacted by oil, whether it is made directly with petroleum products (plastics, wax) or simply packaged with them or transported by oil/gas.

Couple high oil prices with high wheat prices and a terrible housing market, and you have all the ingredients necessary for serious recession.

Bubbler · Dec 31, 2007

PHINJ said:

Couple high oil prices with high wheat prices and a terrible housing market, and you have all the ingredients necessary for serious recession.
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I'm tired of these mansy-pansy recessions, we need a full-on depression! Then we need a war to straighten out all these kids bling-blanging to that rap.

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Analyst: Gas prices to top $3.75 nationwide this spring

deskslave Active Member

Tom Petty Guest

PHINJ Active Member

Bubbler Well-Known Member

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Analyst: Gas prices to top $3.75 nationwide this spring

deskslave Active Member

Tom Petty Guest

PHINJ Active Member

Bubbler Well-Known Member

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