I remember paying about $1.25 USD per gallon when I first started driving. I remember my parents and grandparents talking about how expensive it had gotten. I asked very naively “how much was it before it ‘got expensive’?” and I think they said it had been about 75 cents for a long time. I might be misremembering that, but whatever the response was, it seemed far cheaper. Evidence that capitalism is doomed to failure is that it took less than 3 decades for the lifeblood of society to increase in price basically 500%.
in 1980 gas was 75 cents, yes. but guess what, the minimum wage was like 3 dollars an hour. today it’s more like 15 and gas is 3-4.
or we could go by median income, which was 17K in 1980 and is 80K today.
gas has always been cheap and still is cheap in america. esp if you compare it to say the cost in Canada. our entire national and international policy is all about supporting cheap gasoline for almost three generations now.
you have never once in your life seen actually expensive gas. for it to be legit expensive, it would have to be closer to 10 dollars a gallon, and maybe then you’d see people stop driving monster trucks that get 15-20mpg and shift back to small sedans that get 30-40+. i drive a car car that gets 45mpg, so gas prices going from 3-5 bucks a gallon has basically zero affect on me, because I’m not blowing through 25 gallons of it per week, more like 3 gallons, so my gas costs went from about $10 a week to $15.
the reason toyota/honda etc got popular in the 70s was gas prices went up and people started buying smaller cheaper cars to compensate, instead of polluting landboats they drove most of the 60s and 70s that got like 12mpg and had 20+ gallon gas tanks.
I’m not really sure why you’re being so abrasive and presumptive. First of all, it’s not bullshit that gas prices have gone up a lot even considering inflation. Secondly, I’m not aware of only American things. I understand that gas prices have been the equivalent of $8+ and similar in other countries for a long time. Which doesn’t mean that my experience of watching the prices rise so much here is invalid… Relative price increases don’t disappear just because the price started so low relative to other markets. And if you’re blaming me for trump, not sure what you are hoping to accomplish with that. I cannot wait to hear that the son of bitch died. Everything he does hurts countless people, reaching far into the future. I’ve literally always despised him and have tried countless times to speak the truth about him to his cult.
i’m not. you just are offended because i disputed your simplistic narrative with some facts that dispute the ‘wah gas is so expensive’ nonsense, because objectively speaking, it’s really not.
other things are. housing prices are legitimately up way over wages and inflation, but gas is not.
your narrative is objectively false information. even if you ‘feel’ like gas is ‘so expensive’.
right, ok please keep it up with the boomer takes on the economy that are utterly devoid of context because you want to bitch about high prices, despite the fact relative to wages they are not higher, at all…
like the dweebs who whine about video game/console prices being ‘so expensive’ when they are objectively cheaper.
economics doesn’t care about your feelings about the costs of things. call it stupid all you want, the numbers don’t lie. your feelings do.
You’re a moron because you have no fucking clue what the point is and no one would ever be motivated to explain themselves to such a dickhead. Go away.
When I started, it was also $1.25 (1996), but what was weird was this brief moment when it was $0.89. Trying to remember why, but I think it was following 9/11 and was after the price gouging started and the govt started going after gas stations.
I remember paying about $1.25 USD per gallon when I first started driving. I remember my parents and grandparents talking about how expensive it had gotten. I asked very naively “how much was it before it ‘got expensive’?” and I think they said it had been about 75 cents for a long time. I might be misremembering that, but whatever the response was, it seemed far cheaper. Evidence that capitalism is doomed to failure is that it took less than 3 decades for the lifeblood of society to increase in price basically 500%.
or that’s bullshit.
in 1980 gas was 75 cents, yes. but guess what, the minimum wage was like 3 dollars an hour. today it’s more like 15 and gas is 3-4.
or we could go by median income, which was 17K in 1980 and is 80K today.
gas has always been cheap and still is cheap in america. esp if you compare it to say the cost in Canada. our entire national and international policy is all about supporting cheap gasoline for almost three generations now.
you have never once in your life seen actually expensive gas. for it to be legit expensive, it would have to be closer to 10 dollars a gallon, and maybe then you’d see people stop driving monster trucks that get 15-20mpg and shift back to small sedans that get 30-40+. i drive a car car that gets 45mpg, so gas prices going from 3-5 bucks a gallon has basically zero affect on me, because I’m not blowing through 25 gallons of it per week, more like 3 gallons, so my gas costs went from about $10 a week to $15.
the reason toyota/honda etc got popular in the 70s was gas prices went up and people started buying smaller cheaper cars to compensate, instead of polluting landboats they drove most of the 60s and 70s that got like 12mpg and had 20+ gallon gas tanks.
15? 20 states still have a minimum wage of 7.25 and another 12 are under 15 still.
32 states pay under 15 and hour.
There’s no minimum wage in my state (other than federal minimum wage) but even semi-rural Taco Bell advertises $15/hr starting wage.
I’m not really sure why you’re being so abrasive and presumptive. First of all, it’s not bullshit that gas prices have gone up a lot even considering inflation. Secondly, I’m not aware of only American things. I understand that gas prices have been the equivalent of $8+ and similar in other countries for a long time. Which doesn’t mean that my experience of watching the prices rise so much here is invalid… Relative price increases don’t disappear just because the price started so low relative to other markets. And if you’re blaming me for trump, not sure what you are hoping to accomplish with that. I cannot wait to hear that the son of bitch died. Everything he does hurts countless people, reaching far into the future. I’ve literally always despised him and have tried countless times to speak the truth about him to his cult.
i’m not. you just are offended because i disputed your simplistic narrative with some facts that dispute the ‘wah gas is so expensive’ nonsense, because objectively speaking, it’s really not.
other things are. housing prices are legitimately up way over wages and inflation, but gas is not.
your narrative is objectively false information. even if you ‘feel’ like gas is ‘so expensive’.
You’re an asshole and a moron, honestly. All you did was make up a viewpoint to be mad about.
right, ok please keep it up with the boomer takes on the economy that are utterly devoid of context because you want to bitch about high prices, despite the fact relative to wages they are not higher, at all…
like the dweebs who whine about video game/console prices being ‘so expensive’ when they are objectively cheaper.
economics doesn’t care about your feelings about the costs of things. call it stupid all you want, the numbers don’t lie. your feelings do.
You’re a moron because you have no fucking clue what the point is and no one would ever be motivated to explain themselves to such a dickhead. Go away.
When I started, it was also $1.25 (1996), but what was weird was this brief moment when it was $0.89. Trying to remember why, but I think it was following 9/11 and was after the price gouging started and the govt started going after gas stations.