Wednesday, June 1, 2011

Cheap steak, cheap gas....why not?

bulletPopulation: 123,188,000 in 48 states
bulletLife Expectancy: Male, 58.1; Female, 61.6
bulletAverage salary: $1,368
bulletUnemployment rises to 25%
bulletHuey Long proposes a guaranteed annual income of $2,500
bulletCar Sales: 2,787,400
bulletFood Prices: Milk, 14 cents a qt.; Bread, 9 cents a loaf; Round Steak, 42 cents a pound
Gas: .10-.17 cents a gallon

What really stands out from this list is the price of gas. A gallon of gas was between .10 to .17 cents in the thirties. Nowadays the average price of gas is around $3.90. It seems like .10 cents for a gallon of gas is nothing! The price of gas back then was reasonable for the time period. If gas has risen from .10 cents in the thirties and $3.90 currently, it makes you wonder where it's going next.

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