Quote:
Originally Posted by ducksface
Divide averagr hourly wage back then by the gas orice back then.
Now do it for todays prices.
Be very surprised how gas may have actually been more costly depending on the year you choose.
1972 minimum wage was $1.60
Gas was 38 to 55 cents.
That's $3.80 to $5.50 today...anx jt isn't.
Gas is cheaper now.
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Most of my (blue collar) buddies were making at least $2.75 then... and gas where I grew up was between 25 -30 cents (unless a gas war drove it down to low 20 cents) until '75. I remember gas hitting 50 cents in '75 and people thought the sky was falling!
So, relative to everything else, gasoline in typical rural U.S. is a little high... $2.50 would be about right. But my wife says I'm not living in reality...
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