Strange Side Effect of Low Gasoline Prices.. [View all]

Illinois price about $2.03 and it varies...Here is why it is strange...

In the 60s I remember paying 35 cents a gallon. It depended on where and when..(yes I am that old, are you?)

My first car I bought in 71 was a stick shift. Dodge Dart...$2000....That same car would cost 20,000 today, if it were available, (it isn't) ....divide 2.03 by 6....that comes out to 33 cents. So inflation is about 6 - 7 times the price of everything...?? (It depends on how you calculate it)...A house might cost $30,000 and today same house is 200 to 220,000

Why?.. Here is the point... .In Kentucky..gas is $1.75 is that correct?


So, given inflation and our current oversupply .....that $2.00 a gallon in Illinois
.............................................................and ..$1.75 in Kentucky..........(given inflation)...6 times

Here is my point:......................

...Gas is the same as the price of gas was in the late 60s.....

No, I don't know for sure...feels very cheap...(but it didn't feel cheap back in the 60s)...I remember driving through Kentucky in the early 70s...and seeing gas for 30 cents a gallon and saying to myself, "Boy, that is cheap..."
Oh well.... This really doesn't mean very much...(and I could be all wrong) ...But, it shows I have a whole lot of extra time to think about strange things