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WHOA! 23¢ a gallon! And what a GREAT slogan.
Let’s talk about gas prices vs. inflation.
Inflation calculator: 1926-2009 = 1,108.2%
Price per Gallon in 1926 (regular, leaded): $0.23/gal
Federal Gasoline Tax (up to 1933): $0.01/gal = 4.55%
Actual cost per gallon (1926 dollars): $0.22/gal
Actual cost per gallon, less taxes (2009 dollars): $2.66/gal
Price per Gallon (regular unleaded) 10 July 2009: $2.90/gal
Federal Gasoline Tax 2009: $0.184/gal
California (Local + State + Fed Taxes) 6 July 2009:
$0.645/gal* = 2.9%
* Includes CA Sales Tax (7.25%) CA County & Local Sales Tax (1.25%), and UST tax (1.2%) whateverTF that is.
Actual cost per gallon, less taxes (July 2009): $2.26/gal**
**Note that the base price stated for California gasoline includes costs for state mandated fuel additives, summer/winter mixes, ethanol. Note also that this amount includes franchise fees, business license fees, miniscule profit by the small business folks, and Swantzenegger Boxer Feinswein Pelosi & Waxman fees, other “revenue enhancement fees” emanating from Sacramento, and costs for gettin’ the lead out.
Now Let’s talk about mileage and cost and technology.