Crude oil is selling for over $100 per barrel, but 200 years ago it was a plentiful resource used in medicine …
Crude oil is selling for over $100 per barrel, but 200 years ago it was a plentiful resource
Discussion in 'Other News' started by Chinatown, May 22, 2022.
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mjd4277, Rideandrepair, aussiejosh and 1 other person Thank this.
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Gasoline sold for as low as 2 cents a gallon in 1892.
Rideandrepair and Another Canadian driver Thank this. -
$1 in 1891 → 2022 | Inflation Calculator (in2013dollars.com)
Value of $1 from 1891 to 2022
$1 in 1891 is equivalent in purchasing power to about $31.77 today, an increase of $30.77 over 131 years. The dollar had an average inflation rate of 2.68% per year between 1891 and today, producing a cumulative price increase of 3,077.02%.
would make it about 6$/gal today
if we weren't shipping boat loads overseas, we'd have a lot more.Rideandrepair, Another Canadian driver and Chinatown Thank this. -
Rideandrepair, ZVar and Another Canadian driver Thank this.
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Rideandrepair and Numb Thank this.
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It still is a plentiful source but we have that one guy in that big White House that does not like oil.
Rideandrepair, drvrtech77, Crude Truckin' and 1 other person Thank this. -
But even at $100/barrel we’re paying way more then that.
even in tax, not just gas, diesel too.Rideandrepair and drvrtech77 Thank this. -
Rideandrepair Thanks this.
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We still export slightly more oil than we import.
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200 years ago there weren’t 7 BILLION people living in the planet!! Nor were there cars,trucks and airplanes which burn fossil fuels-just steamships-and for the most part those mostly used coal!
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