Posted by David Sherman on Monday, October 17, 2005 at 11:44AM :
In Reply to: Re: At least two factors are involved-- posted by Mark S. on Monday, October 17, 2005 at 10:21AM :
When I was a kid, gas was $.30/gal and a real nice new car was $3000. Now gas is $3/gal and a real nice new car is $30,000. Back when a new car was $500, gas was $.15/gal, which is 3 times what it is today relative to the price of a car. Much as I hate the sudden jump in the price of gas, it looks to me like it only caught up with inflation.
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