With the Legislature considering an increase in gas taxes, I am already seeing people complaining about how “high” gasoline prices are.
Well, I remember exactly what regular gasoline cost in the summer of 1968: 26.9 cents per gallon. Adjusting for inflation, 26.9 cents per gallon in 1968 equals $1.88 today. A pretty good car got maybe 12 miles per gallon back then – some only half of that. Nowadays, that gallon of gas will get you two or even three times as far unless you choose to drive a gas hog, which is your choice.
Yesterday I filled up for $2.59 per gallon – equal to about 15 cents per gallon in 1968 considering fuel economy plus inflation, so roughly half what we paid back then. The fall in real gas prices might go a long ways toward explaining why people drive so much more nowadays than they did back then. And the cars are way better to boot.
Alan D. Barbour, Fresno