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05-07-2008, 06:43 AM
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#1
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Senior Member
Newmar Owners Club
Join Date: Oct 2006
Location: Southern CA
Posts: 334
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Okay, this ought to be an interesting discussion. What most people don't take into account when complaining about fuel prices is inflation, and the declining dollar. I came across this graph that put it in pretty good perspective. Assuming his data is correct, and I don't believe it to be too far off, we are giving up no more value today per gallon of fuel than we did in 1980. Okay, get your stones, and let me duck!! :-)
Historic Gas Prices
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2008 Newmar Kountry Star 3943
2008 Jeep Rubicon Unlimited
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05-07-2008, 06:43 AM
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#2
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Senior Member
Newmar Owners Club
Join Date: Oct 2006
Location: Southern CA
Posts: 334
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Okay, this ought to be an interesting discussion. What most people don't take into account when complaining about fuel prices is inflation, and the declining dollar. I came across this graph that put it in pretty good perspective. Assuming his data is correct, and I don't believe it to be too far off, we are giving up no more value today per gallon of fuel than we did in 1980. Okay, get your stones, and let me duck!! :-)
Historic Gas Prices
__________________
2008 Newmar Kountry Star 3943
2008 Jeep Rubicon Unlimited
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05-07-2008, 07:37 AM
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#3
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Senior Member
Official iRV2 Sponsor
Monaco Owners Club Workhorse Chassis Owner
Join Date: Mar 2007
Location: Utah
Posts: 611
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I could go along with that.
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Lee and Fran
Holiday Rambler Vacationer
While traveling down lives paths stop to smell the flowers.
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05-07-2008, 10:35 AM
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#4
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Senior Member
Alpine Owners Club
Join Date: Jun 2004
Posts: 2,554
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Even though I don't like the high prices the graph is seems likely correct.
I was discussing the other day, that when gas was $1.50 a barrel was about $40. now a barrel is $120 and gas is $4.00.
I still don't like it. 60 gallons was $252 the other day . P & J sandwiches for me!!
No stones from me .
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Tom, Patty, Hannah "The Big Dog" and Abby Kat, Indianapolis, Indiana 2000 Alpine 36' FDS 72232, 2005 Blue Bird M450 LXI Our Photos
"We live out in our old van. Travel all across this land. Drive until the city lights dissolve into a country sky, just me and you - hand in hand." Zac Brown Band
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05-07-2008, 10:44 AM
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#5
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Senior Member
Tiffin Owners Club Ford Super Duty Owner Coastal Campers
Join Date: Sep 2006
Location: Monterey, Tn
Posts: 1,089
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Very good comparison, and there will be no stones thrown from here. Only thing is this: In 1980, I was working and raising a family and only took trips on summer vacation or holidays. I had the ability to work overtime and make some extra money. Now, in 2008, we're retired living the good life and can hit the road anytime the urge hits. The big problem is that we're on fixed incomes and it is difficult to justify going into ones savings to put gas in the tank when we all know that the gas prices are a big rip off!
Bob
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2012 Tiffin Allegro 34 TGA
Ford V-10 22000 lb chassis
Brake Buddy Advantage,
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05-07-2008, 11:16 AM
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#6
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Senior Member
Winnebago Owners Club Workhorse Chassis Owner
Join Date: Mar 2008
Posts: 472
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No stones - just no comparison. The impact of 2008 far exceeds anything I've ever experienced and that's been awhile. 7/18/1944 - present: seen a few recessions.
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Tom "Rocket Heart" Emahiser
No RV at the present time.
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05-07-2008, 02:12 PM
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#7
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Community Administrator
Pond Piggies Club LA Gulf Coast Campers Outdoors RV Owners Club Entegra Owners Club Skyline Owners Group
Join Date: Mar 2002
Posts: 40,765
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Interesting info. Still, it just kills me when, here, gas was $3.45 a gallon yesterday evening & then $3.75 a gallon this morning.
L-
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Lori (& Dave, my spirit guide) - RV/MH Hall of Fame Lifetime Member | My iRV2 Photo Albums
2016 Phoenix Cruiser 2350S, 2018 Phaeton 40IH,2006 Bounder 36Z, 2004 Cougar 285EFS, 2000 Aerolite 25FBR
There is great need for a sarcasm font.
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05-07-2008, 02:51 PM
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#8
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Senior Member
Newmar Owners Club
Join Date: Feb 2007
Location: Florida
Posts: 288
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I just heard on Fox News that by the year 2010, oil will be $200 a barrel. That means it will be about 7.50 - 8.00 at the pump. OUCH!
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Gene & Betty
Spring Hill, Florida
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05-08-2008, 12:15 AM
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#9
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Senior Member
Join Date: Nov 2005
Posts: 4,063
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by afrank1971:
Okay, this ought to be an interesting discussion. What most people don't take into account when complaining about fuel prices is inflation, and the declining dollar. I came across this graph that put it in pretty good perspective. Assuming his data is correct, and I don't believe it to be too far off, we are giving up no more value today per gallon of fuel than we did in 1980. Okay, get your stones, and let me duck!! :-)
Historic Gas Prices </div></BLOCKQUOTE>
Here is another way of looking at it going back a bit further than the chart. When I started working (before 1980) a bag boy in the super market got $2.75 an hour and gas was 25 cents a gallon so he could get 11 gallons of gas for an hours wage (11 gallons of gas = 1 hours wage). With gas now at lets say $3.50 that would mean a bag boy would be getting paid $38.50 an hour. If everything was even the I would expect that today a bag boys hourly wage would still buy 11 gallons of gas however I do not believe that a bag boy makes $38.50 today.
A more simplistic way of looking at it but I believe more realistic to the pocketbook.
Think back to what it was like before gas made that first big jump from 25 to 39 cents a gallon.
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Neil V
2001 Winnebago Adventurer WFG35U
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05-08-2008, 02:31 AM
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#10
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Senior Member
National RV Owners Club Nor'easters Club
Join Date: Nov 2001
Location: Bristol, RI
Posts: 476
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by buckeyes:
I just heard on Fox News that by the year 2010, oil will be $200 a barrel. That means it will be about 7.50 - 8.00 at the pump. OUCH! </div></BLOCKQUOTE>
I don't understand why they would do that. Once they say that, people expect it and it goes there. It's a self fulfilling prophecy. People get conditioned that is where we are headed and then are not suprised or upset when we get there. I wonder what would happen if Fox news (or any of the news services) predicted an oil price bubble burst and prices would be $20 bbl and $1.20 gallon by 2010?
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2011 Ford F150 XLT 4x4 Supercab 5.0
2016 Jayco Jay Flight SLX 212QBW
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05-08-2008, 03:47 AM
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#11
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Senior Member
Join Date: Apr 2003
Location: Oakton, Va
Posts: 1,160
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The graphs can't be correct. The price of fuel has doubled in one year. Where is the 100% inflation to go along with that? Just because someone shows a graph don't abandon common sense.
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Jim Walker
N Virginia
2014 Palazzo 33.2
Cummins 6.7 ISB, Allison 2100 6 Speed
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05-08-2008, 04:25 AM
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#12
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Senior Member
Newmar Owners Club
Join Date: Oct 2006
Location: Southern CA
Posts: 334
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Well, here is some more food for thought, let's look at the grocery bag boy example. Back in the day a grocery bag boy made $2.75/hour and could buy a gallon of gas for $0.25, extrapolating that out the bag boy would have to make around $40/hour if all things were equal. Well, maybe grocery bagging wages haven't kept up with inflation, but let's look at the national average wage. According to the Social Security Administration, the national average yearly salary in 1951 was $2,799.16, based on 2080 hour per year, that's $1.35/hour. In 1951, as best my research yields, the price of gas was somewhere between $0.27 and $0.50 per gallon. So, the average American worker had to work around 12 to 22 minutes to earn each gallon of gas. In 2006, the average yearly wage was $38,651.41, or $18.58/hour. So, even if wages did not increase or inflate from 2006 to present, which we all know they have, the average American worker today, at $3.50 to $4.50 per gallon, works around 11 to 14 minutes to earn each gallon of gas, doesn't sound much different to me, and also keep in mind that wages are in reality higher today in 2008 than they were in 2006 (SSA doesn't have data published for 2007 or 2008 yet).
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2008 Newmar Kountry Star 3943
2008 Jeep Rubicon Unlimited
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05-08-2008, 05:18 AM
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#13
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Senior Member
Winnebago Owners Club Pond Piggies Club Appalachian Campers Mid Atlantic Campers
Join Date: Dec 2002
Location: Sarver, PA/Crystal River, FL/Shelocta, PA
Posts: 4,671
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by NeilV:
Here is another way of looking at it going back a bit further than the chart. When I started working (before 1980) a bag boy in the super market got $2.75 an hour and gas was 25 cents a gallon so he could get 11 gallons of gas for an hours wage (11 gallons of gas = 1 hours wage). </div></BLOCKQUOTE>
When gas was 25 cents a gallon the grocery bagger made closer to 85 cents an hour. At least here in Pennsylvania. So, 3 gallons of gas = 1 hour of wages. Today that bagger would make ~$10 an hour which equates to ~3 gallons of gas. Gee, not much change in the purchasing power of a grocery bagger.
-Tom
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Sarver, PA/Crystal River, FL/Shelocta, PA · FMCA 335149 · W3TLN 2005 Suncruiser 38R · W24, no chassis mods needed · 2013 Honda Accord EX-L · 2008 Honda Odyssey EX-L
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05-08-2008, 06:23 AM
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#14
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Senior Member
Winnebago Owners Club Pond Piggies Club Appalachian Campers Mid Atlantic Campers
Join Date: Dec 2002
Location: Sarver, PA/Crystal River, FL/Shelocta, PA
Posts: 4,671
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by J Walker:
The graphs can't be correct. The price of fuel has doubled in one year. Where is the 100% inflation to go along with that? Just because someone shows a graph don't abandon common sense. </div></BLOCKQUOTE>
Gas hasn't doubled in a year. I keep detailed gas records. 3/20/07 I paid $2.56 a gallon. 3/18/08 I paid $3.30 a gallon. Don't abandon the facts!
-Tom
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Sarver, PA/Crystal River, FL/Shelocta, PA · FMCA 335149 · W3TLN 2005 Suncruiser 38R · W24, no chassis mods needed · 2013 Honda Accord EX-L · 2008 Honda Odyssey EX-L
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