The price of gas

In article , C J Campbell wrote:
As one news report put it, oil is the most expensive it has been since the
1970's. Ummm, anyone remember what the price of gas was in the 1970's when
oil was pushing $60/barrel? It was less than a dollar a gallon....

In the 70's oil was in the $20-$30 range.

In article vxoqc.19775$gr.1626453@attbi_s52, Jay Honeck wrote:
It was a fascinating concept, but they simply couldn't work around the
problem of inevitable accidents.

"Nuclear Plane crashes -- Thousands Perish!" simply was unacceptable then --
and now.

Nonsense. The nuclear airplane project was abandoned because the reactor
and the required shielding made the airplane too heavy to be practical.
The worst that would happen in a nuclear plane crash would be a very
expensive toxic materials clean-up.

Teacherjh wrote:

I think I'd just as soon not have JQ Public be buying sufficient quantities of
fissionable material to fly an airplane as a matter or course.

The Feds wouldn't turn it over to the general public any more than they allow you to
set up a nuclear power plant in your back yard today. It would also take a few tons
of reactor grade material and a 4 billion dollar purification facility to produce a
nuclear bomb. A "dirty" bomb is, of course, well within the capabilities of New
Jersey Power and Light (to name one member of the public that owns fissionable
material).

George Patterson
I childproofed my house, but they *still* get in.

(CVBreard) wrote:

In the 1950s (1960s?), there was a serious USAF project/study to use a nuclear
reactor to power a B-36..

Come to my field any Saturday - there are lots of us flying
nuclear powered aircraft.

Todd Pattist
(Remove DONTSPAMME from address to email reply.)
___
Make a commitment to learn something from every flight.
Share what you learn.

"No Such User" wrote in message
...
In article , C J Campbell wrote:
As one news report put it, oil is the most expensive it has been since
the
1970's. Ummm, anyone remember what the price of gas was in the 1970's
when
oil was pushing $60/barrel? It was less than a dollar a gallon....

In the 70's oil was in the $20-$30 range.

http://www.wtrg.com/oil_graphs/oilprice1947.gif

So the price of oil nearly did hit $60/barrel, but it was in the early '80s.
Still, even in 1983 the price of gasoline never came near $2/gallon.

My point is that the price of oil seems to have little relationship to the
price of gasoline, despite what the media continually report. But then, what
else would you expect from the news media? I mean, these are the idiots who
could not get a degree in anything more rigorous than 'communications.' It
is astounding, really, that they even know that gasoline has something to do
with oil. They probably learned most of what they know from Hollywood.

So the price of oil nearly did hit $60/barrel, but it was in the early '80s.
Still, even in 1983 the price of gasoline never came near $2/gallon.

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?

"Elwood Dowd" wrote in message
...
So the price of oil nearly did hit $60/barrel, but it was in the early
'80s.
Still, even in 1983 the price of gasoline never came near $2/gallon.

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?


How does the price of oil translate into 1983 dollars?

Inflation might be one reason gas costs more now (although describing the
rate of inflation from 1983 until now as 'massive' might seem extreme to
anyone who lived in the late '60s or the '70s). It certainly does not appear
to be the price of oil, which does not seem to have kept up with inflation
during that time.

The graph you presented doesn't agree with the DOE information nor my
recollection. See:
http://www.eia.doe.gov/pub/oil_gas/p...df/pmmtab1.pdf

Mike
MU-2


"C J Campbell" wrote in message
...

"No Such User" wrote in message
...
In article , C J Campbell wrote:
As one news report put it, oil is the most expensive it has been since
the
1970's. Ummm, anyone remember what the price of gas was in the 1970's
when
oil was pushing $60/barrel? It was less than a dollar a gallon....

In the 70's oil was in the $20-$30 range.

http://www.wtrg.com/oil_graphs/oilprice1947.gif

So the price of oil nearly did hit $60/barrel, but it was in the early
'80s.
Still, even in 1983 the price of gasoline never came near $2/gallon.

My point is that the price of oil seems to have little relationship to the
price of gasoline, despite what the media continually report. But then,
what
else would you expect from the news media? I mean, these are the idiots
who
could not get a degree in anything more rigorous than 'communications.' It
is astounding, really, that they even know that gasoline has something to
do
with oil. They probably learned most of what they know from Hollywood.

Here is another :

http://www.eia.doe.gov/pub/oil_gas/p...rohotgraph.htm

Your chart is in constant 2000 dollars.

Mike
MU-2

"C J Campbell" wrote in message
...

"No Such User" wrote in message
...
In article , C J Campbell wrote:
As one news report put it, oil is the most expensive it has been since
the
1970's. Ummm, anyone remember what the price of gas was in the 1970's
when
oil was pushing $60/barrel? It was less than a dollar a gallon....

In the 70's oil was in the $20-$30 range.

http://www.wtrg.com/oil_graphs/oilprice1947.gif

So the price of oil nearly did hit $60/barrel, but it was in the early
'80s.
Still, even in 1983 the price of gasoline never came near $2/gallon.

My point is that the price of oil seems to have little relationship to the
price of gasoline, despite what the media continually report. But then,
what
else would you expect from the news media? I mean, these are the idiots
who
could not get a degree in anything more rigorous than 'communications.' It
is astounding, really, that they even know that gasoline has something to
do
with oil. They probably learned most of what they know from Hollywood.

Wonder what the price of avgas is going to have on the GA community.
The price of 100 is running anywhere from $2.75 to $3.50 here in upstate NY.

John
"Mike Rapoport" wrote in message
. net...
Here is another :


http://www.eia.doe.gov/pub/oil_gas/p...rohotgraph.htm

Your chart is in constant 2000 dollars.

Mike
MU-2

"C J Campbell" wrote in message
...

"No Such User" wrote in message
...
In article , C J Campbell wrote:
As one news report put it, oil is the most expensive it has been
since
the
1970's. Ummm, anyone remember what the price of gas was in the 1970's
when
oil was pushing $60/barrel? It was less than a dollar a gallon....

In the 70's oil was in the $20-$30 range.

http://www.wtrg.com/oil_graphs/oilprice1947.gif

So the price of oil nearly did hit $60/barrel, but it was in the early
'80s.
Still, even in 1983 the price of gasoline never came near $2/gallon.

My point is that the price of oil seems to have little relationship to
the
price of gasoline, despite what the media continually report. But then,
what
else would you expect from the news media? I mean, these are the idiots
who
could not get a degree in anything more rigorous than 'communications.'
It
is astounding, really, that they even know that gasoline has something
to
do
with oil. They probably learned most of what they know from Hollywood.