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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!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 looked up the average wage also and got this article. It depressed me enough to change the subjectTo 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)
...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.![]()
And I can't get out of a big chair without going "Uhhhnnnn"And it takes me a lot longer to get up from the floor.