Gas prices 2005

shadowcat
Atlanta suburb
https://imgur.com/a/vrOCKkL

5 comments

Latest

georgmicrodong
2 years ago
Gas was an average of 2.30 in 2005. In 2022 dollars, that's a little over $4.

And gosh, wouldn't you know it, the GOP controlled both the White House and Congress in 2005. It's almost as if the president is irrelevant when it's comes to the economy.
ilbbaicnl
2 years ago
The gubment needs a crash program to perfect lab grown meat, which should be fine for burgers and chicken patties. Farmers can then switch some land from feed grain to growing switchgrass for ethanol (carbon neutral, unlike gasoline use). Then have a tax credit to convert vehicles to flexi-fueled, which typically costs in the hundreds. All cars in Brazil are already flexi-fueled (run on any mix of gasoline and ethanol) by law. No good reason either party should be against this.
Daddillac
2 years ago
Try doing your math again GMD... inflation since 2005 has averaged 2.46%. Making that 2.30 now 3.45 roughly, a long shot from over $4.

As for the president having very little to do with the economy, you are right generally. In this instance Biden slowed supply during the pandemic and then did not amp up supply when the demand returned. Had he actually done nothing we would be in better shape right now from an inflation perspective.
nickifree
2 years ago
Has nothing to do with who is in power.
BrotherFogHorn
2 years ago
You should have put your money in the collection plate in 2005 and ye shall have been saved by the lawerd
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