Ninety years ago, gas was only $0.18 per gallon. Although this statement is accurate, it's also a little confusing, because $1 in 1932 is equivalent to more than $21 today. This is also why the prices for many consumer goods — from a $3,500 Corvette to a $200 Thompson submachine gun to a $0.05 bottle of Coca-Cola — sound staggeringly low these days. If we want a more accurate perspective on how gas prices have changed over time relative to the rest of the economy, we should adjust prices in previous years to 2022 dollars. The following infographic from TitleMax did exactly that, showing average gas prices from 1929 through the present.
In addition to the raw prices and 2022-adjusted gas prices, this infographic includes some markers for major historical events that influenced these numbers, such as wars, recessions, and the OPEC crisis. Following the bar graph, there's a line graph that shows gas price compared to electricity and common household staples (milk, bread, and bananas). While the prices for these other items have risen over time, they're clearly less volatile than gas prices, and have not matched the skyrocketing price per gallon over the last two years.
So, as preparedness-minded individuals, what can we learn from this? Gas prices are inherently volatile due to factors outside our direct control (unless you happen to be an oil sheik or high-ranking politician) and they have become much more volatile in the last 20 years. Gasoline expiration makes it almost impossible to stockpile fuel safely for more than a few years, so we should do our best to avoid being overly dependent on it as a fuel source — obviously, that's easier said than done. It may be worthwhile to consider acquiring a fuel-efficient motorcycle, e-bike, or vehicle converted to run on biodiesel to weather the storm in times such as these.
Related Posts
Guerrilla Mentor Class Review: Hostile Encounters on the RoadThe vehicle-based gunfighting principles learned in this Hostile Encounters class translate well to personal and family self-defense.
Gallery: Trucks and SUVs of Overland Expo 2022We stopped by Overland Expo 2022 and took photos of some of the the coolest Jeeps, trucks, and SUVs at the Flagstaff, AZ event.
Midland MXT575 GMRS Mobile Radio Review & DIY InstallationThe new 50-watt Midland MXT575 GMRS mobile radio can easily connect to repeaters, mobile radios, and cheap Baofeng handhelds I already own.
Colossus: TinyHomeToyHauler's Overland Ford F-450 BuildThe Peru family wanted their Ford F-450 overland truck to have most of the capabilities of an Earthroamer at a much lower cost.
New: 2022 ROUSH F-150 with 705hp Supercharged V8The 2022 ROUSH F-150 offers upgraded wheels, tires, suspension, exhaust system, interior, lighting, and an optional 705hp supercharged V8.
What If You're Stranded on a Remote Backroad?Preparation and planning can go a long way, in case you get stranded during a road trip. The key to success is planning for the unexpected.
Hollywood Survival: The Best and Worst Survival MoviesWe’ve taken six Hollywood survival movies and broken them down for their solid survival practices as well as the scenes that make us cringe.
Tailor-Made ARs: 11.5″ Suppressed SBR BuildThis 11.5-inch suppressed SBR features an ambidextrous billet receiver set, night-vision-height red dot, and IR laser/illuminator setup.
Preparedness Lessons from the Uvalde Mass ShootingPrior to the mass shooting, Uvalde had been like any city in America, not yet a statistic. A disturbed 18-year old changed that forever.
The post Infographic: A History of Gas Prices (Adjusted for Inflation) appeared first on RECOIL OFFGRID.
By: Patrick McCarthy
Title: Infographic: A History of Gas Prices (Adjusted for Inflation)
Sourced From: www.offgridweb.com/transportation/infographic-a-history-of-gas-prices-adjusted-for-inflation/
Published Date: Wed, 13 Jul 2022 11:00:18 +0000
------------------------
Did you miss our previous article...
https://bushcrafttips.com/bushcraft-news/10-ways-to-stay-warm-in-the-wilderness