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Comments (2)Paying all of this money for gas does remind me of so many gas station memories. Yes, gas station memories. One, my father (of blessed memory) pulling his Plymouth Savoy into the Sinclair gas station on Liberty Heights and asking for $2 worth of regular. This included a windshield clean and a check under the hood, and some green stamps as a reward. Our children don’t even know what green stamps are or were. Yet, we would fill books of them, and trade these stamps in. My parents allowed me to use the books once to trade in for a baseball glove. Okay, so back to gas. Flash forward and I’m sitting in my wife’s Rambler station wagon at 3 a.m. in front of the Pikes Theater. We were waiting for the Crown Station to open on Old Court… read more
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Gas Line Memories
Posted by .(JavaScript must be enabled to view this email address) on 05/29/08 at 03:29 PM
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Just for some perspective: after adjusting for inflation $4/gal today equates to about $.78/gal in 1972. So right now we’re all really paying about the same as in the “good old days”. Keep in mind though that $4 is record high (about a year or so back it was still around $2), so we’ve been enjoying dirt cheap gas for decades. Economics 101: increased demand (China, India), restricted supply(EPA laws, ban on new nuke power), not to mention a big chunk for taxes, are keeping the price up on the supply/demand curve.
When I bought my first car I could fill up an empty tank, buy a snack, pay with a $10 bill and still get back change… And I’m only 25. I remember paying less than $.70/gallon traveling through Georgia where there was no state tax on fuel.
Just bought our second tank of gas in Israel. It cost us 250 shekels, or $80.
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