[DML] Re: Alternate Fuels..
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[DML] Re: Alternate Fuels..

A 1970 dollar is not equivalent to a 2012 dollar. Adjusted for inflation (CPI Index), 40 cents in 1970 is equivalent to $2.34 in 2012. Using your data, inflation adjusted per mile fuel costs are about half today than in 1970: 10 cents per mile versus 21 cents per mile.

Here are some graphs that show historical pump prices adjusted for inflation:

Prices really aren't as bad as people think.

Whether or not the stuff is running out, whether or not we are polluting ourselves into extinction, whether or not we are grinding to a congested halt, etc are valid concerns irrespective of pump price. 

Bill Robertson

--- In dmcnews@xxxxxxxxxxxxxxx, "cbl302@..." <cbl302@...> wrote:
> It's all irrelevant..back in the early 1970's when I was driving around with late model 1960's era GTO's the average fuel mileage was between 9-11 miles per gallon and the price per gallon was about 40 cents per gallon...or 2 1/2 gals a dollar
> Today the average is 35 miles per gallon and the average price per gallon of fuel is $3.50 or about 1 1/4 quarts per dollar
> Which was the better deal outside of straight line performance...
> Assuming only accounting for gasoline expenses...
> Bottom line NOTHING has really changed...
> When gas Mileage was poor Gas was Cheap...
> When Gas Mileage becomes good Gas Becomes Expensive...
> It's all irrelevant..It's all based on what the Average Consumer drives per year and their expendable income..
> If you make fuel too expensive the average consumer cuts down on their driving..causing a surplus..if you make it too cheap..the average consumer increases their use of driving...
> It's a fine line to hold...  
> Claude
> 1024
> Bric


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