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It's not like gas prices haven't gone up substantially over the past 20 years... The new 9/11 NYC footage that was recently making the rounds captured a gas st

It's not like gas prices haven't gone up substantially over the past 20 years... The new 9/11 NYC footage that was recently making the rounds captured a gas station with its prices in view, they were all $1.XX/gal.

HeyLaughingBoy 5y ago
They've also fluctuated quite a bit. I remember paying $1.95/gallon for gas in early 2020.
MisterTea 5y ago
Well a little inflation is always bound to happen. We had >$4 gasoline in the 00's when I got rid of my Tahoe as fuel was inching towards $5. > "...captured a gas station with its prices in view ..." Where was this footage taken from, NY or NJ? Back then NJ always had stupidly cheap gasoline compared to NY. I always waited until NJ to fill up on road trips.
- pengaru 5y ago
  Looks like NYC to me, it's rather close and right on the waterfront: https://www.youtube.com/watch?v=1gBJvGMZIYA&t=332s https://www.youtube.com/watch?v=1gBJvGMZIYA&t=332s Which if what you say is true about the relative local prices, suggests these are above average prices for the era and still sub $2.
vikingerik 5y ago
That actually means gas prices haven't gone up, or not by much. In the 20 years from 2001 to today, inflation roughly doubled everything. If gas went from $1.9x then to $4 today, that's actually not far out of line. The Russia supply shock this month is unusual, but the mid-$3 pricing plateau over the preceding year was quite normal by historical standards.
- pengaru 5y ago
  > That actually means gas prices haven't gone up, or not by much. In the 20 years from 2001 to today, inflation roughly doubled everything "Inflation" is a nebulous word, if you're referring to CPI, isn't oil price (via transportation, fertilizer costs) a major contributor to that increasing? I'd expect a historic fuel price chart corrected for CPI to be roughly a horizontal line, because fuel prices majorly contribute to it.

HeyLaughingBoy 5y ago

They've also fluctuated quite a bit. I remember paying $1.95/gallon for gas in early 2020.

MisterTea 5y ago

Well a little inflation is always bound to happen. We had >$4 gasoline in the 00's when I got rid of my Tahoe as fuel was inching towards $5. > "...captured a gas station with its prices in view ..." Where was this footage taken from, NY or NJ? Back then NJ always had stupidly cheap gasoline compared to NY. I always waited until NJ to fill up on road trips.

pengaru 5y ago
Looks like NYC to me, it's rather close and right on the waterfront: https://www.youtube.com/watch?v=1gBJvGMZIYA&t=332s https://www.youtube.com/watch?v=1gBJvGMZIYA&t=332s Which if what you say is true about the relative local prices, suggests these are above average prices for the era and still sub $2.

vikingerik 5y ago

That actually means gas prices haven't gone up, or not by much. In the 20 years from 2001 to today, inflation roughly doubled everything. If gas went from $1.9x then to $4 today, that's actually not far out of line. The Russia supply shock this month is unusual, but the mid-$3 pricing plateau over the preceding year was quite normal by historical standards.

pengaru 5y ago
> That actually means gas prices haven't gone up, or not by much. In the 20 years from 2001 to today, inflation roughly doubled everything "Inflation" is a nebulous word, if you're referring to CPI, isn't oil price (via transportation, fertilizer costs) a major contributor to that increasing? I'd expect a historic fuel price chart corrected for CPI to be roughly a horizontal line, because fuel prices majorly contribute to it.