Does fuel cost more today than it did in circa 1970? I remember that I could buy a gallon of gas for a quarter. Today, if I had that same silver quarter, I could buy 2 gallons of gas.
In 1970, an ounce of gold was $30 and crude was $3 a barrel. You could buy 10 barrels of oil for an ounce of gold. Today, You can buy 20 barrels of crude for an ounce of gold.
Therefore, is fuel really more expensive today than in 1970?
In 1970, an ounce of gold was $30 and crude was $3 a barrel. You could buy 10 barrels of oil for an ounce of gold. Today, You can buy 20 barrels of crude for an ounce of gold.
Therefore, is fuel really more expensive today than in 1970?
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