I just had occasion to use an inflation calculator with a colleague,
using the cost of gasoline in 1950, recently reported as 27 cents per
gallon. The calculator equates that to a 2004 price of $2.04. In
1964, as a college student, I bought gas regularly (in station gas wars)
for 15 cents per gallon, or a 2004 price of 92 cents. Not a good
comparison, maybe, but tells more of the story.
Given that US oil production peaked in 1971 and continues in a
declining state, if reports are correct, then the numbers may become
much more "interesting" in the future.
Of course, our Brit friends are paying in the neighborhood of $5.00 per
gallon, again if reports are correct.
The calculator is titled "What's a Dollar Worth?" and may be found at:
Interesting to play around with, especially with your salary in your
first job. My first professional job was in 1965, of course, making for
>>> [log in to unmask] 05/19/04 08:39AM >>>
>It was, as far as I'm concerned, very up-to-date for something that
>was already twenty years old. For a genre that's supposed to be about
>the future, it's often struck me as ironic that SF very quickly seems
>outdated in both topic and language.
Sort of unrelated, but I'm reading A Scanner Darkly, which was written
in the 70s but supposed to take place in 1994, and the main character
notes that regular gas costs $1.04. Oh no, over a dollar? If only.