Subject:
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Re: Gasoline prices (was: Re: Conversation w/ a LEGO Rep)
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Newsgroups:
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lugnet.off-topic.fun
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Date:
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Tue, 24 Aug 1999 05:30:13 GMT
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Viewed:
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1591 times
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In lugnet.off-topic.fun, "Tom Stangl, VFAQman" <talonts@vfaq.com> writes:
> Todd Lehman wrote:
> > I'm amazed by how much the price of gasoline in the U.S. has fallen in the
> > past two decades.
> >
> > As far as I can remember, it's remained roughly steady at around ~US$.95 to
> > ~US$1.40 per gallon since at least 1985, which was about when I started
> > paying attention. The highest price I ever actually remember seeing once
> > was $1.449 per gallon in 1985 or 1986.
> >
> > Given the roughly steady price relative to the CPI, the price has actually
> > dropped over time -- just like LEGO has. Absolutely amazing!
>
> Uh, Todd? Where ARE you getting your figures?
Anywhere, everywhere -- prices are different depending on where you are, but
on the whole, the prices of gas have gone up less than everything else has
-- just like LEGO. So the prices of gas and LEGO have actually gone *down*
considerably in the past 20 years.
My figures come from memory, from:
1985-1996 -> Minnesota & Wisconsin
1996-1999 -> Massachusetts
The cheapest gas I've ever seen since 1985 was US$.79 per gallon in May of
1986 in (I forget if it was Tennessee or Georgia). The most expensive gas
I've ever seen was US$2.09 per gallon in August of 1991 at one particular
station along PCH in California. (It was high $1.80's and $1.90's that year
along the rest of PCH.)
To the best of my knowlege, even the most premium gasoline octane has never
been more than US$1.50 a gallon in MN or WI or MA since 1985. I wouldn't be
surprised if it was at some higher point during the 70's oil crisis though.
> Premium (and damn near 87
> for a while!) is $1.85 down the street from me at the CHEAPEST gas station
> in my area. In SF, it tops $2/gal.
WOW. That's actually priced reasonably. (Still a bit cheap, IMHO, but not
dirt cheap like it is some places.)
Around here, regular unleaded averages about $1.20(?) right now and premium
unleaded averages about $1.40 or $1.45(?). It just took a big hike about a
month ago, IIRC.
> If that $1.40/gal means 87 octane, you're getting closer, but not THAT
> close. Sillycon Valley 87 is $1.60s-1.80s. And it's supposed to go UP
> (though inexplicably it dropped $.05/gal last week).
That's incredible! (That there's such a difference depending on where you
live, even in the U.S.) Why is it so expensive in California? (I know, I
know, everything's expensive in California. :-) But it's so much closer to
the Alaskan pipeline. Where does most of our oil come from these days?
--Todd
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