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According to US census bureau, per capital income in US has increased by 10x since late 60s. Jet fuel prices have increased around 6x, from around 30 cents to a
by valuearb 9y ago
According to US census bureau, per capital income in US has increased by 10x since late 60s. Jet fuel prices have increased around 6x, from around 30 cents to around $2. So wouldn’t that make jet fuel more affordable?
- joezydeco 9y agoDid you account for inflation? $1 in 1970 is worth $6.52 now.
- Godel_unicode 9y agoInflation, the general rate at which the price of goods and services is rising and falling, is literally the calculation made in the post to which you have replied.