[Healeys] Gas Prices

[Ron Davies]

Bill:
I guess you are right. I went to: http://www.measuringworth.com/ppowerus/
A very fun site that lets you plug in what things cost then and now.
The computer said: "$1.38 in the year 2007 has the same "purchase power" as
$0.259  in the year 1970.".

So that's what a gallon of gas should cost if we didn't have to bid against
India and China for it and drill anywhere we wanted. Still, a gallon of
Starbucks still costs more than gas does. Also, a $50,000 house in 1970
should cost $266,500 today. We all know that doesn't fly in California. Try
$1.5 to $6+ million on the coast for that same house. Location, location,
location. If we only knew.
Ron Davies
SoCal
--------------------------
Really makes you miss the good old days. When we moved to Florida in 1970,
the
gas was 25.9 cents per gallon and they used to have price wars which took it
down to 17 to 18 cents a gallon. Of course income was a lot less in those
days, but percentage wise, gas was still dirt cheap.
Bill
BJ7