Comments on: More Than Just Money

By: Eric Etten

Eric Etten — Tue, 23 Nov 2004 22:54:00 +0000

“Adjusted for inflation, gas is actually cheaper (in relation to everything else) than it was in 1979.”

Yeah, but we were also smack dab in the middle of an oil crisis in 1979 so I wouldn’t really call that a fair year to use to compare gas price inflation with…
The fact is that we still use more oil today then we did then. Also, emerging economies like China’s are beginning to gobble up as much oil as they can and domestic oil production in the US is at one of the lowest points in decades. Add this all up and the price that we need to pay to fuel our thirst for oil will continue to rise. I certainly can’t really see it going back down anytime in the near future at any rate…

By: Mark

Mark — Tue, 23 Nov 2004 21:32:32 +0000

“…Gas has risen sharply over the past two or three years…” I would recon that’s in part because gas (oil) took a nose dive in 2001, so there had to be some adjustment going on.

Adjusted for inflation, gas is actually cheaper (in relation to everything else) than it was in 1979.

By: James Angus

James Angus — Tue, 23 Nov 2004 04:35:59 +0000

Actually, in regards to the price AK, I had converted it. So it’s like $1 per Litre here. Which is $4 a gallon (here), which is US$3 a gallon (approximately). But from what Eric said, it’s not too far off.

By: Vinnie Garcia

Vinnie Garcia — Mon, 22 Nov 2004 22:18:02 +0000

“The fix was about 15 dollars (USD, approximately 3 and a half euros)”
I found that way too funny for some reason.

Gas in the US varies based on location. For example, I paid $1.97/gallon for regular today when I filled up my car in the Philadelphia suburbs. Across the river in New Jersey it’s only about $1.75/gallon, and further north in a different suburb in PA it’s $2.15/gallon for regular. Gas has risen sharply over the past two or three years as well; I remember when I first got my car in Florida in 2002 I paid something like $1.25/gallon for regular. My car has gone from $14 per fill-up to about $26.

By: ak

ak — Mon, 22 Nov 2004 09:17:08 +0000

don’t forget that the australian dollar isn’t the same value as the american dollar. i’d say the prices are pretty much the same, but of course i forget the exact conversion rate.

By: Eric Lorraine

Eric Lorraine — Mon, 22 Nov 2004 08:04:05 +0000

Well, luckily we’re not quite that bad James. Around here it’s 2.12-2.15 a gallon. Of course, premium is almost always 20 cents more, so that’d be closer to 2.35. About two years ago we were at 1.60 or around there I think. I know when I was sixteen it was 1.20, and that would be ideal I think.

By: James Angus

James Angus — Mon, 22 Nov 2004 07:49:12 +0000

So what is fuel in America like at the moment anyway? Here in Australia it’s like a buck a litre (which is about $3 a gallon I estimate). PRETTY EXPENSIVE! About 2 years ago it was more like half that. I own a bmw and it loves the premium which of course is more again….