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Gas prices: $1.03 in 1997, $1.38 in 2003 & $3.69 now
Posted by Ripgreat9-5 (more from Ripgreat9-5) on Tue, 10 Jun 2014 06:59:11
In Reply to: Another perspective, ELaw
[Profile/Gallery]
, Tue, 10 Jun 2014 05:42:48
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When I moved to the US in 1997, I lived across the road from a gas station (Columbus, OH). Gas at the time was $1.03 a gallon. Today 17 years later it is $3.69. That is a 7.8% annual price increase over the years.
Another more verifiable price is a local gas station was forced to close in 2003. It listed gas at $1.38. To get to $3.69 in 11 years, it is an average of 9.4% annual gas price increase.
News article on the gas station for reference - see link
The point being that the break even analysis is based on zero gas price increase over the next 6 years. If you layer in 7.8%, gas will be $5.79 a gallon. At 9.4%, it would be $6.32 a gallon. (Gas in Ireland is $7.43 a gallon today so $6.32 in 6 years is quite plausible)
posted by 71.175.101...
2003 Gas price reference
Posts in this Thread:
- 1,723 miles from a tank of gas !, Ripgreat9-5, Mon, 9 Jun 2014 13:16:34
- over 1k on normally aspirated '87 9k, EricG, Tue, 1 Jul 2014 12:23:10
- How far on a charge? How long to change?, MI-Roger
, Wed, 11 Jun 2014 09:19:52 - Re: 1,723 miles from a tank of gas !, Justin VanAbrahams
, Mon, 9 Jun 2014 13:33:34- Re: 1,723 miles from a tank of gas !, Ripgreat9-5, Mon, 9 Jun 2014 13:47:29
- Re: 1,723 miles from a tank of gas !, Justin VanAbrahams
, Mon, 9 Jun 2014 14:43:42- Re: 1,723 miles from a tank of gas !, EGD
, Mon, 9 Jun 2014 22:45:35- Not to mention the cost of battery replacement in 5years, vvack0matic
, Tue, 10 Jun 2014 06:27:17 - Another perspective, ELaw
, Tue, 10 Jun 2014 05:42:48 - Re: 1,723 miles from a tank of gas !, Ripgreat9-5, Tue, 10 Jun 2014 04:42:52
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