A Different Look at Gas Prices
I recently posted in this space about how you could win $10,000. If you missed it, click here for details on how to win.
Part of that post covered prices for different items, going back 100, 75, 50, and 25 years. The prices for cars, homes, and gasoline really jumped out at me, especially gasoline.
In 1914, gas was around 12 cents. In 1939, it was down to 10 cents. In 1964, 30 cents. In 1989, a gallon of gas was up to $1.12.
Now, gas prices are nearing the lowest point in nearly four years, averaging $2.87 a gallon!
All things considered, I'd rather being paying 12 cents per gallon.
However, if we're looking at the price point of things that are purchased by the gallon, gas is a real bargain.
Check this out to see what I mean (I know you're not going to buy a gallon of toothpaste, but the exercise is more for fun):