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06-11-2008, 09:39 PM
|  | Puritanboard Junior | | Join Date: Mar 2004 Location: Louisville, KY
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| | | Gas Prices adjusted for inflation. Here's a graph of gas prices based on inflation.
Based on the graph and extrapolating out a bit to today, it looks like we are paying about $2.00/gallon in 1979 dollars or about 3 1/3 as much as then, for what that's worth.
Thoughts? Opinions?
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Bryan Wiley
Layman
Reformed Baptist Church
Louisville, Kentucky
"Seek the Kingdom of God first."
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06-11-2008, 09:43 PM
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06-11-2008, 09:55 PM
|  | Dux Tyrranus | | Join Date: Oct 2005 Location: Northern Virgnia
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Graph shows what I figured - that the hike in the gas prices in the 70's hit as hard (or harder) than the gas prices today in terms of household income.
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06-11-2008, 09:56 PM
|  | Dux Tyrranus | | Join Date: Oct 2005 Location: Northern Virgnia
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| | Quote:
Originally Posted by Presbyterian Deacon | You haven't had a pay raise in 29 years?
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06-11-2008, 11:32 PM
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Originally Posted by Semper Fidelis Quote:
Originally Posted by Presbyterian Deacon | You haven't had a pay raise in 29 years? | Not exactly accurate, but I figure if you look at the rate of inflation, and the small pay increases I've had, (the difference in my pay between 1979 and now), I'm about ten to fifteen years behind inflation.
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06-12-2008, 03:48 AM
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Cars have become both more fuel efficient for their weight and lighter for their volume/carrying capacity in the last 29 years. Much more so, in the case of fuel efficiency. Considering gasoline as an input for a final product, the ability to drive the same sized car with the same power/weight ratio, the cost of gasoline needed for the same amount of the final product has fallen considerably.
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T W Hopper
Member, Presbyterian Reformed Church
Currently between churches since PRC closed here - attending Crossroads Christian Church.
Canberra, Australia.
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06-12-2008, 08:04 AM
|  | Puritanboard Junior | | Join Date: Jan 2005 Location: Lubbock, Texas
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It is all so relative.
I remember in my first year in college my roomate had a car and I didn't.
He came into the room one day and threw his keys across the room and declared ...
" Gas has just gone up to 47 cents a gallon ! They are crazy if they think they are going to get that kind of money out of me. I'll walk the rest of my life before I will pay that!"
He didn't stick with that plan.
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Richard H. King
Providence PCA
Lubbock, Texas
You know what my main problem is? I start things but rarely finish anyth...
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