The last "shell" Shell Station......

[Justdroppedin]

https://i.redd.it/qkdeczjz4dc11.jpg

[foresight]

Ahh the days of old. It was a simpler time and we do miss those times on occasions.

[steveOtoo]

I miss those prices...................

[TLG]

I miss those prices...................

Let's take a quick look at that, using economics 101 .......

First, we need to take into account inflation. The result of the Federal Reserve printing too much money is a loss of purchasing power of the dollar: something that cost $1.00 in 1950 would cost about $8.78 today. As for gas prices, in 1950 the price of gas was approximately 30 cents per gallon. Adjusted for inflation, a gallon of gas today should cost right at $2.64, assuming taxes are the same.

But taxes have not stayed the same. The tax per gallon of gas in 1950 was roughly 1.5% of the price. Today, federal, state, and local taxes account for approximately 20% of gas's posted price. Taking inflation and the increase in taxes into account (assuming no change in supply or demand) the same gallon of gas that cost 30 cents in 1950 should today cost about $3.13.

On a per-dollar basis, how are we doing compared to Americans of previous generations? Between fuel cost, fuel efficiency and inflation, who wins?

Heavy steel frames and inefficient engines meant those clunker cars ate up a ton of fuel, and gas companies grew into giant corporations feeding the nation's petroleum addiction. In 1956—the same year the Eisenhower Highway System was begun—American cars had an average fuel efficiency of 14.5 miles per gallon, according to data from the U.S. Energy Information Administration.

That means a 19-gallon Buick Roadmaster (13.2 mpg) would have to tank up twice driving from Manhattan to Niagara Falls.

At 30 cents a gallon (the national average in 1956) fueling up would only cost $9.65. Making that same trip now in a 2014 8-cylinder Chrysler would cost north of $60. That Chrysler makes about 23 miles to the gallon highway, which is right around average for the year.

But, you might point out that 30 cents in 1956 would buy you a lot more than it would today. Adjusted for inflation, that earlier trip to Niagara would cost you about $86 in 2018 figures.

It turns out that on a miles-per-dollar basis, we're pretty much in the same place we were in 1956.

[dishuser]

when we converted to metric gas was 19 ¢/litre and minimum wage was $3.50
now gas is $1.30/litre average and minimum wage is $14.00 so wages have gone up 4 times and gas has gone up almost 7 times
easy math to me...we're getting raped

[wattso99]

How many more miles per gal. do cars get today than they did im 1950??

[dishuser]

How many more miles per gal. do cars get today than they did im 1950??

and how much did they go up in price?

[The Noof]

and how much did they go up in price?

1969 was the last year a new VW bug could be purchased under 2000 Canadian:the 2018 bug bare bones is 21,895.In this caseThe price has gone up by a factor of 10 in 49 years.

[TLG]

Many reasons as to why car prices went up ,,, of the many, here's one at the very top

Approximately 4,000$ of every GM car or truck sold today
goes to pay pension and extended medical insurance for the
thousands of retired GM employees

30 years ago, employees of the GM plant in St Therese Quebec
were working for 25$ per hour and retired with full benefits and
Company pension plan ,,, for life

It was GREAT for the employees. GM was known for being that type of
company with their employees, and its the result of those contracts that
today's car costs a bit more

also worth mentioning ,, a large part of Auto Assembly Line Employees
have been replaced with automation and robotics and therefore, there
aren't enough left working to ponzi pension and medical benefits from
the working to the retired. So the costs of retirement are incorporated
in the price of the car.