In Memory of Carol Ann

Dedicated to Erin Elizabeth and Deanna Carol


Any society that would give up a little liberty for a little security deserves neither and will lose both.

Benjamin Franklin.













Pages

Friday, June 24, 2011

Gas Prices. Let's $ay

Lets just say gasoline is $3.60 cents a gallon. I worked in a gas station for several years while attending High School. Gasoline was .28 to .30 cents a gallon with windows washed, oil checked and tires inflated. You might be eligible for free glasses, steak knives and fine China for your patronage. Green SH Trading Stamps were always given as rewards.


A barrel or 42 gallons of crude in 1970 sold at $3.40 . Or the 1970 cost of a barrell of crude was 10 times the price of a gallon A entire barrell of crude was a little less than a gallon of our finest import petrol pump price of $3,60 cents 2011.


Adjusted for inflation the 1970 bbl would be $19.65 cents bbl today. The crude price today is 5 times this amount at $100.00 bbl.


Using the ten times amount a gallon of gasoline would be $3.60 x 10 OR $36.00 a barell all things equal. See if you can get these numbers to work.


Today you pump your own gas then wait in line twice to pay. The 30 cents a gallon figure will divide equally into $3.60 cents 12 times. A car in the sixties would get 15 miles per gallon, lets say.
12X15 equals 180 miles per gallon to stay even with gasoline prices of the Sixties.

Question: Does you car get 180 miles per gallon?
Burma Shave...

No comments:

Post a Comment