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The tone of the article is a little contradictory. It quotes someone as saying we haven't seen a situation like this in history. It also says prices could be in
by perl4ever 7y ago
The tone of the article is a little contradictory. It quotes someone as saying we haven't seen a situation like this in history. It also says prices could be in the single digits for the first time since the '97-'99 price war. Which doesn't seem that long ago to me. I remember filling up for less than a dollar a gallon around then, for the first and only time in my life. It's not that cheap yet, is it?
- dade_ 7y agoYeah, it was great - but remember inflation: In 1997 a $20 dollar barrel of oil is $32 in today's money. Calculator: https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/
- perl4ever 7y agoI wouldn't get inflation numbers from a third party source. However, this site seems to have been broken for quite a while: https://www.bls.gov/data/inflation_calculator.htm https://www.bls.gov/data/inflation_calculator.htm In any case, I still don't think gas is down to those prices, even with your inflation factor.
- RileyJames 7y agoAre you based in California? I recall filling up in Arizona in 2019 for $1.17 per gallon, while California was more like $3.50~ at the time.
- perl4ever 7y agoI've never been to California. The fill-up around '99 was in fact in Arizona, although I haven't been there in a long time. Also the only time I filled a nearly empty tank for under $10, as my car got almost 40 mpg and the usable capacity was probably under 10 gallons.
- war1025 7y agoI remember in that time frame visiting family in Montana and wondering how they could afford to drive since gas was like $1.30 / gallon there. (I was also like ten at the time and didn't really understand grown up amounts of money)
- slfnflctd 7y agoIt's been dropping like a rock for the last week in a lot of places. A friend of mine in the midwest says the price at the station near his house just hit $1.49.