I live in a land called Mid-America. Here, we want less government involvement in our lives. And we're mostly non-elite, working middle-class. "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." Thomas Jefferson
Tuesday, June 15, 2010
Gasoline too expensive? Maybe not
My corner Exxon station just raised gasoline prices to $2.49 a gallon, from $2.45. Still better than what we paid in 2008, but not a lot more than we've paid, in real dollars, since the 1950s.
Inflation Adjusted Gasoline Prices
Year - Price
1958 - $2.24
1968 - $2.11
1978 - $2.16
1988 - $1.75
1998 - $1.35
2008 - $3.23
2009 - $2.28
Another measure would be how many hours does the average worker need to work to pay for a gallon of gas. I'll be looking for this information. Until then, happy motoring.