Shell 87 Octane: $1.319

[Ornery]

$1.319 is the equivilent of 71 cents per gallon in 1984 dollars, and 57 cents per gallon in 1974 dollars. In 1984, we were already paying over one dollar per gallon.

Historically, Gasoline Prices Are Not Expensive

• Gasoline prices paid at the pump have been on a steady rate of decline since the 1920s, with the obvious exception of the 1970s, when we faced an OPEC embargo and gasoline lines. In 1920 the real price of gas (excluding taxes) was twice as high as today. If the price of gasoline relative to wages were comparable today to what they were in 1920, we would be paying almost $10 a gallon for gas.

CPI Customized Tables

 

[T2T III]

Shell 97 Octane: $1.319

That's some pretty high-octane gas for a cheap price. Did you by chance mean 87 octane?

 

[T2T III]

Historically, Gasoline Prices Are Not Expensive

But, that doesn't give you the right to go out and buy the biggest and baddest SUV either.

 

[StageLeft]

Gas in this country is irresponsibly inexpensive.

 

[Demon-Xanth]

The cheapest around here is 20 cents more than that.

 

[Ornery]

Originally posted by: Tiles2Tech

Shell 97 Octane: $1.319

That's some pretty high-octane gas for a cheap price. Did you by chance mean 87 octane?

Yep, I did, thanks. Editing now...

But, that doesn't give you the right to go out and buy the biggest and baddest SUV either.

I have 'the right' to buy whatever the hell I want. It's MY money! However, I'm wating for gasoline prices to be a LOT higher before I'll buy a pretty large SUV. At that point, they'll be selling used ones real cheap!

 

[Cooljt1]

97 octane for 1.31? i'l take 1000 gallons. i paid $1.79 last time i filled up for 91 octaine

 

[royaldank]

Gas here (TN) has been right around the $1.32-$1.40 for a month or two now.

 

[conjur]

And that's what I've been saying for a long time. The prices we pay now are, adjusted for inflation, way cheaper than we've paid in the past. It should be near $2/gallon for 97...er...87 octane anyway.

BTW, it's about $1.29 - $1.40 for 87 here...depending on the station and the part of town.

 

[0roo0roo]

its not 1.31 here

 

[Ornery]

We were at $1.50 for quite a while. Last week I noticed it was about $1.44 or so. Today I pulled in to fill up, and was pleasantly surprised it was posted on the billboard at $1.339. I was even happier to see it was only $1.319 on the pump, and I get 5% kicked back every month!

 

[Doggiedog]

How can anyone have complaints about gas prices when bottled water costs more.

Its ridiculous how some people pay around the same for 20 oz of FILTERED water like Dasani as a gallon of gasoline especially when gas has to be discovered, pumped, shipped and refined and shipped again. In fact, bottled water is supposedly not good for you because it is not fluoridated (is that a word?). My dentist is really happy about that.

 

[StageLeft]

Originally posted by: Doggiedog
How can anyone have complaints about gas prices when bottled water costs more.

Its ridiculous how some people pay around the same for 20 oz of FILTERED water like Dasani as a gallon of gasoline especially when gas has to be discovered, pumped, shipped and refined and shipped again. In fact, bottled water is supposedly not good for you because it is not fluoridated (is that a word?). My dentist is really happy about that.

Nobody in the US has a right to complain about gas. Ok, sure they have a right, but it doesn't mean their complaint holds any merit

 

[thenerdguy]

Whoo hooo 87 is $1.24 and 91 is $1.32

 

[edro]

I filled up this morning @ work for $1.18/gallon. They buy it in bulk and it is a benefit... so I don't know how much of a discount it is.

 

[ThisIsMatt]

Still $1.7x here...

 

[0roo0roo]

yea, its about 1.7x here too, and thats after going down for a while.. bah!!!!

 

[xSauronx]

Originally posted by: royaldank
Gas here (TN) has been right around the $1.32-$1.40 for a month or two now.

87 octane has been ~1.40 here lately

 

[TheAudit]

87 is right around $1.70 by me.
Haven't seen gas in the $1.30 range here in years.

 

[adams828]

imho the only good thing in nj is gas prices.. been in the $1.40 range the past few weeks

 

[Reliant]

Originally posted by: ThisIsMatt
Still $1.7x here...

Gotta love California prices!

 

[dmcowen674]

Originally posted by: Ornery
We were at $1.50 for quite a while. Last week I noticed it was about $1.44 or so. Today I pulled in to fill up, and was pleasantly surprised it was posted on the billboard at $1.339. I was even happier to see it was only $1.319 on the pump, and I get 5% kicked back every month!

Enjoy that new price level for a couple of months:

12-4-2003 Saudi Calls for February OPEC Cut

Leading OPEC producer Saudi Arabia on Thursday called on the oil cartel to move aggressively to shore up high world prices by cutting production early next year.

Naimi said the dollar's $37 percent slump against the euro over the past two years justified the higher $28 price for OPEC crude.

"The average of OPEC's crude basket is around $28, and due to a 30 percent decline in the value of the dollar compared to two years ago, this means that the real value of $28 is equivalent to $25 two years ago."