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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (95808)10/24/2012 7:01:46 AM
From: KyrosL1 Recommendation  Read Replies (1) | Respond to of 218640
 
Here is the price of oil since 1869 in constant dollars, using the official (not Bart's) CPI. It turns out it only went up about 5x since 100 years ago. Using Bart's CPI it went up a lot less.




To: Snowshoe who wrote (95808)10/24/2012 7:54:42 AM
From: bart13  Read Replies (1) | Respond to of 218640
 


I've been unable to find gasoline prices before 1919. The lowest average US retail price I show since then is 17 cents/gallon in 1931. I do recall paying 19 cents on sale in 1963 in the midwest to fill up my MG-A.

WTIC was as low as 66 cents/barrel in 1931. The lowest WTIC barrel price since 1870 was 48 cents in 1902.



To: Snowshoe who wrote (95808)10/24/2012 8:41:34 PM
From: Joan Osland Graffius2 Recommendations  Read Replies (3) | Respond to of 218640
 
The 4 cent price for a gallon of gas was in the early 40's, this is what we paid on the farm. Since we were farmers there was no rationing of gasoline during the war. I also remember paying 20 some cents per gallon in the 60's. We are now paying in the $3.70's and $3.80's per gallon in Minnesota.

"Was that the rock-bottom price during the Great Depression? My memory goes back to the 1960s, when I biked to the gas station and paid 25 cents a gallon for lawn mower fuel. Maybe Bart can gen up a 100-year chart of US gasoline prices for us. I am currently paying $4.14/gallon."