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Old 02-22-2011, 04:06 PM   #19
Mike M.
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Quote:
Originally Posted by T.H.E. Binz View Post
Based on the Consumer Price Index, 30 cents in 1964 would be worth only $2.10 today. Anyway, the price of gas was still 30 cents per gallon as late as 1968. Bottom line: gas prices are rising faster than other goods, but not all that much different.
The CPI isn’t accurate, that’s why I choose something like silver but feel free to use another commodity to make my point. CPI has been useless since the 90’s when they changed how it’s calculated. If you follow the link I provided to the EERE’s website it even states above the graph that “On average, the price of gasoline was higher in 2004 than it has ever been before; however, when adjusted for inflation (constant dollars), gasoline cost more in 1981 than it does today.”

http://www1.eere.energy.gov/vehicles...t_fotw364.html

The way they are adjusting for inflation is skewed and still shows gas has actually decreased in price. Compare it to another commodity besides silver to further illustrate my point that it is actually cheaper now if you’d like.
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