Thursday, June 14, 2012

Gas prices are too high

I did some price comparisons between 1970's and now in terms of price for a couple items.  One comparison was with the price of tires v the price of gas.  The other was for a one bedroom apartment v the price of gas.  These were extrapolated to current day prices.

The price of gas should be about half what it is now- or even less.

The prices were what I paid in 1975 for gas and a 1 bedroom apartment.   Prices for a comparable tire and an apartment were plugged in with the calculated ratio in order to obtain the price per gallon for each item if the ratio was the same as then.

circled items are the prices today in terms of tires or rent for 1 bedroom apartment

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