Been a long time since I bought gas this cheap

LOL.

HILARIOUS! Someone screams that there's "no inflation" and then makes an argument that "well of course this is adjusted for inflation anybody knows that" is just way tooo F'n funny!

And yes, I'm pretty sure everyone sees right thru the BS(except arseanine who has his own particular set of blinders on). Still laughing at this one.

J

Glad you had a good laugh, I know your life has some pretty tough aspects. Shame it couldn't have been a knowing laugh.

The inflation that conservatives love to spook each other with is not the 2-4% variety we've been seing for years now. It's the 20%-40% sort they keep writing books about, selling them to each other, year after year, claiming that inflation's about to hit, then never offering refunds when it doesn't.

Here's one published last year:


I bet the Pat Boone forward is particularly insightful lol.

Here's a couple from 2010:




Another from 2009:


And this classic of the genre, from 1981:


Relative to that nonsense, some of which occasionally gets repeated here, we've had no inflation. Here's the last 20 years of US inflation:



No, inflation has not been zero. But for at 20+ years, it's been nothing compared to what the alarmists keep freaking out over, year after year after year.

And even small rates of inflation like we've experienced need to be accounted for when comparing prices over time, including gasoline prices.

In 1970 DonDiego found himself in East Texas in his first job after college. A gasoline war was raging in the city, . . . and gasoline was 18.9-cents-per-gallon.

This photo is from Florida a few years earlier; it's the closest photo to 18.9-cents poor old DonDiego could find on the internets.



DonDiego thanks President Richard M. Nixon for his gift of cheap motoring at a time when poor young DonDiego could use it.

Adjusted for inflation, 18.9 cents in 1970 had the buying power that $1.12 has today. Would indeed be very nice to buy a gallon of gas for $1.12.

We almost got there a couple years ago at the end of the prior administration (December 2008) when the economy crashed, demand collapsed, and American pump prices hit $1.84 a gallon (in 2012 dollars). Unfortunately, a new President took power and saved the economy from ruin.

Maybe we could ask China and the rest of the developing world to go back to their stone age-like energy demands of 1970?

That's fantastic. Let me see if I can follow this bizarre logic. Gas prices were high in the summer of 08 and Bush was blamed. Then, they go down and he is blamed because of the economy. However, if the prices are high under Obama then it is because he has magically saved the economy. Frankly, I neither blame nor reward any president for gas prices. If your head goes any further up Obama's arse then you might need to see a proctologist.

I've never blamed a President for gas prices. Indeed, those bright enough to scroll up can read this from all of two days ago . . . .

But two days is a long time for some to retain information, I get it.