cost of gas the same as 1980
Re: cost of gas the same as 1980
I suppose that's way it's called the "petrol-dollar"
I thought that inflation adjuster site was interesting, but when I tried to compare the prices I remember from the early to middle "60's to today it wasn't so close. http://www.bls.gov/data/inflation_calculator.htm I believe a pair of 501 Levis cost about $5 when I started earning some of my own money, driving tractor for $.75 to $1 hourly, now they seem to around $68 -$198--. I'm not to sure but I think I bought some at the local store for around $50 around 2-3 years ago, when I was guessing that money was worth 10% of the 1963 value. By this comparison the U$ has lost qute a bit of value in the last few years.
When I started driving on the highway about '62 gas was (fuzzy here) $.28-.33 at the non discount stations that would place the inflation price between 2.07-2.44. If you paid .45 in 1963 that would come out to $3.33 today.