Re: Local Gas Prices

[graywolf]

The 70's were a period of runaway inflation. Prices double about every 3 
years but wages went up the same. Now prices are doubling and tripling 
but wages are not going up much. One of the things that held gas prices 
down in the US was the fact that the governments had a fix tax per 
gallon. The past few years the Feds and the States have changed to a 
percentage tax so that multiplies any base price increase at the 
consumer level.

graywolf
http://www.graywolfphoto.com
http://webpages.charter.net/graywolf
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Gonz wrote:
I've heard that adjusted for inflation, gas is cheaper now than during 
the 70's.