Replies to post #106303 on Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

Today, the national average gasoline price is $3.55 per gallon - I wonder who realizes that today's gasoline price is as low as it was in the 1950s ?


In 1970, the national average gallon of gas cost just 36 cents, which CPI adjusted is $2.89.

By 1981 the price of gasoline had tripled to a shocking $1.19, which CPI adjusted is $4.15


By the late 1980s the US gasoline average never rose above 90 cents a gallon, which CPI adjusted was an all-time low of $2.25


In 2011 gas prices soared to $3.53 per gallon ($4.86), the same CPI adjusted price as 1946.

Gasoline cost 21 cents in both 1929 ($3.73) and 1946 ($4.86) - https://finance.yahoo.com/news/gas-prices-every-decade-since-110002903.html


But by 1950 the average price of gasoline rose to 27 cents, which was a big price decline to ($3.49), about the same price as today.


There's a tremendous amount of drama surround the price of a commodity whose price has remained remarkably stable over time.