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Gas UNDER $1.00/Gallon in Michigan...
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<blockquote data-quote="wkmac" data-source="post: 2017161" data-attributes="member: 2189"><p>I saw gas locally for $1.70 yesterday so I got curious as to what gas is priced at when adjusted for inflation. </p><p></p><p>Around 1970' (give a year or 2 plus/minus) I remember gas at about $.29 a gallon there about so let's use that value and year shall we. </p><p></p><p>Factoring for inflation and using the year 1970 as the starting point, the equivalent price in 2015' dollars (the latest year on the calculator) is $1.77 a gallon. </p><p></p><p>Tomorrow's inflation factor lesson, is the Bugatti Veyron adjusted for inflation cheaper than the 1970's Chevy Vega, base price $1895? </p><p></p><p>Yes boys and girls, at one time you could buy a brand new car for $1895!</p><p><img src="/community/styles/default/xenforo/smilies/wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /></p></blockquote><p></p>
[QUOTE="wkmac, post: 2017161, member: 2189"] I saw gas locally for $1.70 yesterday so I got curious as to what gas is priced at when adjusted for inflation. Around 1970' (give a year or 2 plus/minus) I remember gas at about $.29 a gallon there about so let's use that value and year shall we. Factoring for inflation and using the year 1970 as the starting point, the equivalent price in 2015' dollars (the latest year on the calculator) is $1.77 a gallon. Tomorrow's inflation factor lesson, is the Bugatti Veyron adjusted for inflation cheaper than the 1970's Chevy Vega, base price $1895? Yes boys and girls, at one time you could buy a brand new car for $1895! ;) [/QUOTE]
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Gas UNDER $1.00/Gallon in Michigan...
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