Updates
Later, 2:28 p.m. CT: WTI settled at $71.33, down 5% today. Some say energy is a huge determinant of inflation. If so, the failure of the Silicon Valley Bank just made JPow’s job a lot easier. Headline earlier today: inflation y/y and m/m has moderated. WTI should bring inflation down further. Biggest beneficiaries: those who drive Deere equipment. Investing thoughts, anyone?
Later, 12:32 p.m. CT: by the way, upwards of 50% of US office workers are still working from home, saving even more in transportation costs.
Original Post
Gasoline, US, 2005 - 2023: no inflation. Thank you Mr Biden. Link here.
President of the United States, 2001 - 2009: George W. Bush.
In 2005, "mpg" average for light vehicle in the US: 13 mpg. Link here.
Most fuel efficient cars, 2023, link here. Honda Civic clocking in at 31/39/35. CAFE standards mandated by US Congress, first enacted in 1975. US president inn 1975: Gerald Ford, His start in politics: just a few miles westsouthwest of Detroit.
For the archives -- me personally:
- driving a third or less as many miles now as I did in 2005;
- in 2005, we lived on the northeast side of San Antonio, TX (Henderson Pass area), and commuted daily to Lackland AFB, TX, on the far southwest side of San Antonio (google maps: 60 miles daily, round trip)
- I now drive about 60 miles every two weeks
- and, oh, by the way, my rent today is the same as my rent in 2005
- and no children in college
- getting 3x better mileage: from 12 mpg (2005) to 36 mpg (2023)
- paying about the same amount for gasoline.
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