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Are We in a Gas War in the Year 2020?
Are we in gas war in the year 2020? In 1961, I was not yet old enough to drive, but I remember the gas wars. I was old enough to understand the seriousness of the word "war," but was not clear how a gas war was fought. The movies of the times were popular WWII war stories, so how does a "gar war" work?
That became more clear as my family car (in those days a two car famliy and a two car garage were rare) was driven to the Shell station a few blocks away to get topped off.every other day I learned the gas war was a big thing.
This morning, a headline news item blares:
How does the Kentucky price today compare to the 1961 price of 20 Cents?
We turn to our reverse calculator for that answer and we find:
So, in Kentucky, buying gas at 99 cents today would have sold for 11 cents in 1961. Nearly half of the low gas war price of 99 cents! Okay, okay ... 99 cents is a bit unusual. My last purchace was two days prior to the writting of this blog at $1.89. Admittingly, a good price even for Florida. But, I ... more
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