L. Stephen Wrote:
Dec 04, 2012 11:03 AM
But, you assume a dollar today is a full dollar. The $6.00 today is about $1.20 in 1962 value. (The dollar has lost about 80% of it's 1962 value) The dollar today is worth about $.20 vs 1962 value. With gas at $3.50 / gal that averages about $.34 / gal in 1962 dollars. Does that make sense???