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Growing Old

1972 gas prices.jpg
 
Going back a few more years it was 19.9 cents a gallon at our local station, I think 1956.
 
I remember in the late '60s there was a gas war (remember those?) in a town 30 miles away from me. Gas in town was $0.20 something a gallon. In this other town there were 4 gas stations on the same intersection that got into a gas war. All of them were selling gas for $0.17 a gallon most of the time. At one point two of them went as low as $0.11 a gallon. That didn't last long. I could drive the 60 mile round trip and still come out ahead.
 
I remember in the late '60s there was a gas war (remember those?) in a town 30 miles away from me. Gas in town was $0.20 something a gallon. In this other town there were 4 gas stations on the same intersection that got into a gas war. All of them were selling gas for $0.17 a gallon most of the time. At one point two of them went as low as $0.11 a gallon. That didn't last long. I could drive the 60 mile round trip and still come out ahead.
In the early 70's (probably 70 or 71) there was a place in Commerce City (northeast part of Denver) where I remember we could get gas for .16 cents/gal. The good old days!
 
To satisfy my curiosity, I googled average gas price and average income in 1970 vs. 2024.
1970: Income $9,870, gas $0.36 / gallon
2024: Income 59,228, gas 3.00 / gallon

...income went up 6 times, gas 8.3 times. So it is true: 1970 was truly the "good old days"! (Except bell bottoms and disco music :LOL: )

...and because I'm a geek for these sorts of things, I looked up 1960, 1980, and 2010 statistics. Bottom line, gas as a percent of income is the same for every year - except 1970, when gasoline was exceptionally inexpensive. Again, confirming that 1970 was the good old days!

1960: $5,600, 0.31: 0.0055% of income per gallon of gas
1970: 9,870, 0.36: 0.0036%
1980: 21,020, 1.19: 0.0057%
2010: 49,445, 2.80: 0.0057%
2024, 59,228, 3.00: 0.0051%

And to take this epistle one step further, we can include average fuel economy and define % of income per mile driven... I suspect 2024 would be pretty good compared to 1970. But I'll shut up now. This is the humor forum, after all. :LOL:
 
Never ever worried about fuel prices since the 60s, don't like walking. Rode bike 20 mile round trip before driving to get my expert badge in rifle. Not doing that either.
 
WFH since the start of 2020 has meant my gas use has plunged since I don't drive to an office every day. $20 in the car about once every 3-4 weeks since weekdays I may not go anywhere after the work is done. So on a month to month basis, I almost don't even notice gas prices.
 
To satisfy my curiosity, I googled average gas price and average income in 1970 vs. 2024.
1970: Income $9,870, gas $0.36 / gallon
2024: Income 59,228, gas 3.00 / gallon

...income went up 6 times, gas 8.3 times. So it is true: 1970 was truly the "good old days"! (Except bell bottoms and disco music :LOL: )

...and because I'm a geek for these sorts of things, I looked up 1960, 1980, and 2010 statistics. Bottom line, gas as a percent of income is the same for every year - except 1970, when gasoline was exceptionally inexpensive. Again, confirming that 1970 was the good old days!

1960: $5,600, 0.31: 0.0055% of income per gallon of gas
1970: 9,870, 0.36: 0.0036%
1980: 21,020, 1.19: 0.0057%
2010: 49,445, 2.80: 0.0057%
2024, 59,228, 3.00: 0.0051%

And to take this epistle one step further, we can include average fuel economy and define % of income per mile driven... I suspect 2024 would be pretty good compared to 1970. But I'll shut up now. This is the humor forum, after all. :LOL:
I looked up the average wage also and got this article. It depressed me enough to change the subject

 
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