Guest Post by Eric Peters
Did you know that gas is cheaper now than it was 50 years ago?
It may not feel it . . . but:
Find an inflation calculator; for example the federal government’s Bureau of Labor statistics Consumer Price Index calculator (here). Select 1965 as your starting year. Enter 30 cents – the cost of a gallon of gas back then (here). Then select 2016 (2017 data isn’t yet available) and – look at that – $2.29.
About what a gallon of unleaded sells for today.
Actually, it sells for less – because a chunk of that $2.29 you’re spending isn’t for gas.
It’s for taxes.
Continue reading “Gas Doesn’t Cost More . . . Our Dollars Are Worth Less”
