Preliminary: "Mar 4 2007"

Gasoline Prices Are Not that Expensive




As I Recall: Here in B.C. Canada, Back in the Mid 1950's:
The average Price of Gasoline was about $0.30 Per Gallon.
The Average Wage was about $1.00 to $1.50 Per Hour.
And the Average Car got about 8 to 10 Miles per gallon on Gasoline.

Now making some Assumptions For back than:
Assume a wage of $1.25 Per Hr and a 40 Hour Work Week.
Earning before Taxes and other Deductions are $50.00. (Actually Less after taxes, etc)
Assume you drive 200 miles a week and get 10 MPG.
Thats 20 Gallons at $0.30 = $6.00
This is 12% of the Total Wage.

Today, Where I Live here in Canada:
Gasoline is now about $1.00 Per Liter, $4.50 Per Canadian Gallon.
A US Gallon is only about 3.7 Liters, Which would in Theory be only $3.70,
But I Believe its Even Cheaper than that.
(Minimum Wage is Over $8.00 Per hour)
But "Actual Average Wages" are Probably $15 to $20.00 Per Hour.
And Most newer cars get 20 to 30 Miles per Gallon.

Now making simular Assumptions today:
Assume a wage of $15 Per Hr and a 40 Hour Work Week.
Earning before Taxes and other Deductions are $600.00.
(Again, Actually Less after taxes, etc)
Now, Assume you still drive 200 miles a week and now get 20 MPG.
Thats 10 Gallons at $4.50 = $45.00
That is Only 7.5% of the Total Wage.

So is Gasoline Expensive?
I Tried to use Realisitic Figures in the Above Statements.
And I Realize some people Make Less Money than this, "But Others make Substantially More".
Also, Prices and Wages Vary Considerably from one Job to the next
and also from country to country.

Only You can do a Camparison for your Job and Country,
But still Experiment if you want to, "Have Fun And Enjoy".


All Imformation in this Article is "Copyright Protected".

 Chemelec 
 *Copyright © 2007*