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Gas prices are dropping

Written By: Gary on September 7, 2006 2 Comments

After I did that earlier mobile post, I saw a price of $2.37 and on the way home I saw $2.34! But that’s not why I’m posting. Here’s why:

At Chili’s we were discussing gasoline prices and I thought they were getting to pre-9/11 pricing (but I was alone in that thought). So as I was driving home I was trying to remember what the price gougers jumped the prices up to on that day. I know it was up to the next dollar range but was it up to $3 or was it just $2. Could it really have been that low just 5 years ago? Have we gotten that complacent in paying outrageous prices for our gasoline? (or is it just me?)

Please note: I had a much more detailed post but I screwed it up, so you get the shortened post (with less references).

The first thing I noticed is the average price in Detroit a month ago was $3.07 and today it’s $2.48, that’s a huge drop! I’ve noticed it, but I didn’t realize it was almost sixty cents in the last thirty days. Three years ago they list it about a $1.50 a gallon (just before a dip to $1.40), I guess I’ve gotten used to these outrageous prices, I don’t remember it that low that recently.

Other sources list it as being in the $1.50 range the week of 9/11/2001. So five years ago, we paid half the price! That’s huge! What else (non-fuel) has doubled in price since then?

All of these historical numbers are adjusted for inflation so I don’t know what it actually read on the pumps when you bought it. But still…

Can anyone direct me to some non-adjusted for inflation prices? I want to know what it said on the pump 5 years ago. I hate when things get adjusted but don’t point to the non-adjusted prices. When I ask “Grandpa, how much was a candy bar when you were a kid?”, he doesn’t say “fifty-five cents (adjusted for inflation)”, he says “a nickel”…

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2 Responses to “Gas prices are dropping”

  1. kazza says on: 8 September 2006 at 6:52 pm

    I don’t have five years ago, but I have two years age – http://conspiracy.cia.com.au/Holidays/2004_USA/Day13/2004-05-28-0942-DSC02053.JPG which was the cheapest we got at the time. It peaked a bit over $2 during that trip and people were freaking out over how much it was costing.

    I also have a photo from our 1983 trip, where it was $1.16/$1.24 :)

  2. Gary Said... says on: 13 December 2008 at 2:10 am

    Gas Prices are pretty low right now!

    I cannot believe how much gas has dropped in the last few months. It’s really insane, but in a good way. Looks like they shot back up 10 cents in the last few days, but still. Compared to gas prices from 5 years ago, we’re right around the same area…

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