Thursday, April 27, 2006

High price of gas

Back in 1936 you could get a farm for $400, a car for $100, and gasoline was 11 cents a gallon.

It seems like we made a wrong turn in the road somewhere, now 70 years later we pay one million for the farm, $30,000 for the car and gasoline is over $3/gal. The average man in 1936 made a dollar an hour, now he makes about $10/hr. Using that logic the farm should cost $4000, the car $1000, and gasoline $1.10 a gallon.

I predicted back in 2001 when gasoline was $1.13 a gallon where I live that in 2007 gasoline would be $4.50/gallon, people told me that I was crazy and predicted that the price would be $1.27 a gallon. Well, we will soon see who is right and who is wrong.

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