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ChrisJP

12/07/09 1:07 PM

#230370 RE: mikeg #230366

1970 -- cars got 10 mpg. Now they get 30 - 40. So in fact driving is cheaper now. unless you get stuck in rush hour traffic a lot, lol.

Chris

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alien-IQ

12/07/09 1:12 PM

#230375 RE: mikeg #230366

When measured against the price of silver, gas prices have remained unchanged (for the most part) since at least 1964.

1964 was the last year that coins were minted using 90% real silver. The silver weight of a quarter was 1/6th oz. A gallon of gas in 1964 was .25

Today the price is silver is roughly $18. 1/6 oz of silver is $3. roughly the price of a gallon of gas.

Prices have remained the same. The dollar value is what has changed. However, the problem is that cost (relative to the dollar) have risen far more than wages.

Translation: We is fucked.