[LINK] The Australian Economy Runs on oil.
tomk at unwired.com.au
Sat Feb 26 09:15:53 AEDT 2011
In Current currency, US Gallon pricing has been constant at approx $2.82
[2010 USD] per gallon since 1982.
In other words, the 25 cents you paid per Gallon in 1982 today has the
purchasing power parity (equivalency) of $2.82 in todays money.
> -----Original Message-----
> From: link-bounces at mailman.anu.edu.au
> [mailto:link-bounces at mailman.anu.edu.au] On Behalf Of Jan Whitaker
> Sent: Saturday, 26 February 2011 9:04 AM
> To: link at anu.edu.au
> Subject: Re: [LINK] The Australian Economy Runs on oil.
> At 08:46 AM 26/02/2011, Tom Koltai you wrote:
> >[Americans have paid the same
> >prices at the pumps since 1982.]
> What are you talking about? US gas prices have gone up to $3/gal on
> average nationally. When I was there 6 months ago, it was $2.65 or
> so, depending on local taxes.
> In 1982, it was probably <$1/gal. When I was in high school, I paid
> $.25/gal about 12 years earlier.
> Melbourne, Victoria, Australia
> jwhit at janwhitaker.com
> blog: http://janwhitaker.com/jansblog/
> business: http://www.janwhitaker.com
> Our truest response to the irrationality of the world is to paint or
> sing or write, for only in such response do we find truth.
> ~Madeline L'Engle, writer
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