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



That's Fine if you are going at the price on the pump..the point I was making is that when cars were averaging 9-11MPG Big Oil was making their money on VOLUME...since of course cars used more fuel per mile..unlike today big oil makes it's money not on volume sold but on how much it could squeeze out of your wallet.

As far as being able to afford gas in the early 1970's I was working part time..and going to school making $2.85 per hour..meaning fuel was 1/7 of my hourly pay vs today at 13.85 per hour(what I would be making at my first job)at 3.50 per gallon...clearly it was less on the wallet back then...BESIDES I COULD AFFORD THREE GTO's on Part time pay back then...heck Today..I could barely afford ONE of those GTO's today...

Claude
1024
Bric
   

--- In dmcnews@xxxxxxxxxxxxxxx, "content22207" <brobertson@...> wrote:
>
> 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:
> http://inflationdata.com/inflation/images/charts/Oil/Gasoline_inflation_chart.htm
> http://zfacts.com/sites/all/files/image/energy/Gas-Price-History.png
> http://www.randomuseless.info/gasprice/gasprice2.png
> 
> 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
> #5939
> 
> 
> --- 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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