How much would gas cost without the inflation tax?

Question

O nevermind... found a graph:

http://www.randomuseless.info/gasprice/gasprice.html

Funny... "randomuseless".... hmm.... I guess we must keep it that way...

Maybe we can take back our freedom... Keep up on the news... Ron Paul 08 in the election... Lets work together to keep the knowledge free.

Let me restate "That is, the data in this curve has been adjusted to "April 1979 dollars" "

This is how our dollar has depreciated in relation to gasoline prices since April 1979. Thank you.

Who cares about gasoline? Anybody care about 3 million votes not being counted?

http://ronpaulforums.com/showthread.php?t=1414

To put in perspective, that's the population of Alaska, Wyoming, and North and South Dakota all put togeather.

What matters now??

Gas???

Answer 1

about 0.10 per gallon same for cigg. the would be about .22 per pack wine and beer woud be so cheap you could by a pick up load for 25.00 my dad is gone now he said that the country that controls our gas price will take over the world due to all items we buy are shiped by truck or ship and if they raised the price to the point we could not afford to buy they would ruin the united states just with over priceing all items he's been dead 14 years he told me this when i was 12 years old and iam 58 now wonder if it will come true

Answer 2

Your graph shows prices adjusted for inflation. No tax is shown. There is a Federal tax of around $0.18/gallon include in the price you pay for gas. Most state also have a tax. The largest 'tax' on gas is the cost of complying with dozens of different fuel formulation standards across the country. Fuel formulas that a REQUIRED in one part of the country are PROHIBITED in others.

Answer 3

Remember when you're looking at an increase in prices that wages have also risen greatly since 1979, so it's not reasonable to look at today's wages vs. 1979 prices.

Answer 4

There's no such animal as an "inflation tax".