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Panic in Detroit. Gas up yet again. (one station at $6.09 for regular)

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The average price of gasoline in January 1980 was $1.13. That's $4.87 today.
You can draw your own conclusions that may or may not fit your worldview.
That plus many cars at the time got around 15-19 mpg and the performance was not great. Smog dogs we used to call them! I recently bought a new compact car that gets 45 mpg highway speeds with a/c on (if the computer is correct). Range of over 500 highway miles.
 
The average price of gasoline in January 1980 was $1.13. That's $4.87 today.
You can draw your own conclusions that may or may not fit your worldview.
And years prior, around 1972, I remember paying 19 cents a gallon.
In 1981 mortgage rates were 16-18%.
As we used to say when gas goes up, “Pay it or walk.”
 
The average price of gasoline in January 1980 was $1.13. That's $4.87 today.
You can draw your own conclusions that may or may not fit your worldview.
How much was a terabyte of RAM in 1980?

How about a 65 inch TV?

How do you decide which things should have "adjusted for inflation" vs. not?

The average concert ticket was 15 bucks.

An LP was 3.33 at Tower records.

The 1985 Motorola 'cell' phone was 4,000 bucks and it cost a dollar per minute to make a call.

A gallon of milk was 2 bucks, now it's 4 bucks...shouldn't it be ten bucks?
 
How much was a terabyte of RAM in 1980?

How about a 65 inch TV?

How do you decide which things should have "adjusted for inflation" vs. not?

The average concert ticket was 15 bucks.

An LP was 3.33 at Tower records.

The 1985 Motorola 'cell' phone was 4,000 bucks and it cost a dollar per minute to make a call.

A gallon of milk was 2 bucks, now it's 4 bucks...shouldn't it be ten bucks?
It's an interesting question and the answer probably has to do with what your income did from then to now. Electronic test equipment from Siglent, Rigol and others can be had for crazy low dollars. That wasn't even an option in 1980, when Tek and HP cost more than any hobbyist could afford new.
 
AK rules say NO POLITICS!! So, either take it to Political Chat forum, or stop adding the political overtones to high gas/diesel price discussions!
Now we gotta go through the thread and delete everything Politics - and that just gets old!
 
Everything should be compared to what a dollar is worth then versus now.
If it has gone up after being adjusted for inflation, it has become more expensive, gone down it's now cheaper.
My question was regarding your criteria.

The price of a gigabyte of RAM? A gallon of milk? A Big Mac? A 65 inch TV?

To you, what are the index items you use to determine what you use to "adjust for inflation?"
 
2.50 Euros per liter over here, not bad, ey? ;)

How much would that be per gallon and dollars?
$10.86 USD per US gallon. Some realize that even that price is a bargain when the scale of the process is included. Doesn't mean thing when your used to cheap gas. And we're used to cheap gas. Don't know about the rest of the world but I can find gas 24/7/365. That convenience ain't cheap. yet it is?
 
10+ years ago I paid $15k cash for my car which averages 21mpg, 130k miles later (160k on the odo) and still runs like a top...gas remains cheaper than an electric car...for now...
 
The Sunoco station near me in Maryland always charges 20-30 cents a gallon more than anyone else so I only buy gas for my lawnmower there.

Yesterday I filled up there for $3.83 and everyone else was at $4.19.
 
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