im talking about the lowest gas price in
the lowest price i ever remember seeing was 16.9 cents a gallon, in the early ’50s, in CT.
17.9, 18.9, 19.9 were fairly common at the time.
i’ve read about 13.9, and, if i remember correctly, even 9.9, although i’m not sure about the latter.
however, remember, wages, and everything else, were much lower then.
as i recall, in the 30s, bread was 10 cents a loaf.
my uncle for a while kept a list of what he bought, and how much he paid for it, in the 30s.
at first one might be jealous, until one thinks that many people worked for less than 50 cents an hour.
that puts a better perspective on things.
a far better measure would be, how many hours did one have to work to buy 10 gallons of gas.
and no, i’ve not seen that — but i’d like to.
maybe i’ll go look.
http://inflationdata.com/inflation/image… <== gasoline
http://inflationdata.com/inflation/image… <== stock
http://www.dallasfed.org/fed/annual/1999… <== good article. but you have to be careful - the means of comparison are not always obvious.