LitchLitch
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Despite all the whining, the price per gallon in constant dollars has been falling pretty steadily for the last 50 years.
Source:https://www.usinflationcalculator.com/gasoline-prices-adjusted-for-inflation/
ChrisVZ
Yeah, except wages aren’t going up to match inflation, so a larger portion of income is spent on fuel.
Exyr
Subsidies have also gone up have they not?
VernonTWalldrip
Gas should be more expensive. That’s how you get people to stop using it.
LitchLitch
People are going to stop using it anyways, except in rare circumstance. Electrics have better performance, costs, & carbon.
errantcompass
whats this then?
LitchLitch
remember the price spike in gas last year? that was it, it has returned back to prepandemic levels
MattScifiBandit
Hopefully, a blip caused by Putin's invasion of Ukraine and the sanctions of his oil. While not quite at pre-war levels, gas has dropped
psugab
What that says is, if we take 2022 dollars, it would be about the same as back then. Except, we don't count gas in the inflation rates,
psugab
So really what we are saying is that compared to inflation, gas has remained pretty much the same, so it's actually been increasing
psugab
and cumulative price increase is actually 400% or so
bfbzlug91
I mean, gas is part of the inflation index, so a part of it is just comparing to itself. But it's a small part, I get your point.
LitchLitch
Going to need you to check your sources on that, gas prices tend to be so volatile they are often excluded from inflation indices.
bfbzlug91
I see, you mean "Core" inflation which excludes food/gas. 1/
bfbzlug91
The normal index does include gas/fuels, of course. And increases in fuel will be passed on by companies
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