On Tue, 18 May 2004 11:14:53 -0700, Elwood Dowd wrote:

I hate to be the voice of reason---but has anyone considered the massive
inflation rate between then and now? How does our $2/gallon translate
into 1983 dollars?

Prices have not quite doubled since 1982. (Recall that Paul Volker,
Ronald Reagan, and Alan Greenspan stomped hard on inflation beginning
in 1980.) (I use 1982 as a basis because it was that year that I built
my house.)

So in 1983 dollars, our gasoline costs about $1.05 or $1.10.

(Recall also that Bill Clinton raised taxes a nickel. You should knock
off 2 cents to account for that.)

all the best -- Dan Ford
email: (put Cubdriver in subject line)

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