[LINK] The Australian Economy Runs on oil.
scott at doc.net.au
Sat Feb 26 13:09:22 AEDT 2011
On Fri, Feb 25, 2011 at 2:15 PM, Tom Koltai <tomk at unwired.com.au> wrote:
> 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.
And Australia is almost exactly the same.
According to the Australian Automobile Association, the price of Unleaded in
Sydney in December 1982 was 43 cents/litre. 
According to the RBA, 43 cents in 1982 is equivalent to $1.29 in 2010
According to the Australian Institude of Petrolium, the price of Unleaded at
the end of December was around $1.28.
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