What is?

[RobGMN Premium Member]

View attachment 42434

U.S. household expenditures for gasoline account for nearly 4% of pretax income - U.S. Energy Information Administration (EIA)

www.eia.gov

An important statistic, but it doesn’t speak to the real cost per gallon. If you read the accompanying article, they specifically speak to two variables: amount used plus changing efficiency of cars.

If a household doubles its usage, you can’t say the cost per gallon price increased, even though their expenditure has. Similarly, you can’t say the per gallon cost decreased when the family replaced their suburban with a Camry.

This explains it better than I could:”A real value(price) is one which has been adjusted for inflation, enabling comparison of quantities as if the prices of goods had not changed on average. Changes in value in real terms therefore exclude the effect of inflation.”

To use a real-world question: Which is more expensive, a $10,000 car in 1978, or a $22,000 car in 2022?

 

[ThxOne Premium Member]

Who cares what something cost 44 years ago. We are not in 1978, we aren't living in the past, this ain't 44 year old economy. This is now and what shit cost RIGHT NOW is what is important. God damn.

 

[RobGMN Premium Member]

Honest question before I head off to bed... Do you think, Rob, that anyone gives a shit about cost over time or what something cost 40 years ago over what they are paying right now, TODAY'S prices?

Like we are all sitting around going man, gas is $4.30 a gallon, thank god I only paid $2.00 a gallon under Trump... that more than makes up for current prices.

If you look at the chart, it doesn’t have to be 40 years ago. It can be any point in the 40 year timeline. The FACT is that over any points in time over the past 40 years, the real price per gallon is not radically different.
The 2021 real price per gallon is only 13 CENTS more than when you were delivering pizza during the Trump admin.
If you burned 50 gallons a week, that’s $6.50 per week more in 2021 than 2016.
A cup of Starbucks crappy coffee. In a whole week.
If a cup of coffee per week is life altering, then gas prices are likely the least of your worries.

And once again, you’re complaining about prices of a product that have been trending DOWN over decades.
Knowledge is power. You should get some.

 

[ThxOne Premium Member]

If you look at the chart, it doesn’t have to be 40 years ago. It can be any point in the 40 year timeline. The FACT is that over any points in time over the past 40 years, the real price per gallon is not radically different.
The 2021 real price per gallon is only 13 CENTS more than when you were delivering pizza during the Trump admin.
If you burned 50 gallons a week, that’s $6.50 per week more in 2021 than 2016.
A cup of Starbucks crappy coffee. In a whole week.
If a cup of coffee per week is life altering, then gas prices are likely the least of your worries.
View attachment 42435

Jesus Christ. Never ******* mind you idiot. Go live in the past and continue thinking it has any relevance to what people are paying in actual money right now. Fucking clown. Look at this chart that I have posted 3 times now. The more I do something the more likely it is to matter. All I have to do is keep repeating it over and over and over.

 

[ThxOne Premium Member]

If you look at the chart, it doesn’t have to be 40 years ago. It can be any point in the 40 year timeline. The FACT is that over any points in time over the past 40 years, the real price per gallon is not radically different.
The 2021 real price per gallon is only 13 CENTS more than when you were delivering pizza during the Trump admin.
If you burned 50 gallons a week, that’s $6.50 per week more in 2021 than 2016.
A cup of Starbucks crappy coffee. In a whole week.
If a cup of coffee per week is life altering, then gas prices are likely the least of your worries.

And once again, you’re complaining about prices of a product that have been trending DOWN over decades.
Knowledge is power. You should get some.

View attachment 42435

The most sad part of this bullshit post is you keep calling it "real price per gallon". None of this is the actual real price per gallon!!!!!! These are ADJUSTED numbers and AVERAGE numbers. When I go buy gas, I am paying the price it cost at the pump!!! NOT AN ADJUSTED AVERAGE PRICE ! ! ! ! !

 

[Bobbytwonames 5,000+ posts]

That’s exactly what the graph represents.
Seriously, gave you never heard of things like the CPI, adjusting for inflation, cost averaging, etc?

No joke. Without posting a meme or some other nonsense, do you honestly believe that gas is more expensive now than in the past?

BTW - Several weeks ago I posted the average income spent on energy. It’s been about 3% for decades.

My power bill in Vegas in the Winter was $49.

 

[Bobbytwonames 5,000+ posts]

He plays **********, but is constantly thinking and posting about homosexual activity.

Who in the World thinks of slapping ***** when they think of baseball? He needs to hang out with Bucko and look at Hunter Biden child ****.

 

[RobGMN Premium Member]

The most sad part of this bullshit post is you keep calling it "real price per gallon". None of this is the actual real price per gallon!!!!!! These are ADJUSTED numbers and AVERAGE numbers. When I go buy gas, I am paying the price it cost at the pump!!! NOT AN ADJUSTED AVERAGE PRICE ! ! ! ! !

Wow, you really don’t understand numbers.
I thought you were just confused.
Tell me, do you think people today make the same amount of money they did 3, 5, 10 or even 20 years ago?
No, they don’t. That’s why they have to adjust prices to show “real” prices.

Of COURSE $3.13 is more than the $1.00 people used to pay. But, incomes have gone up too. Only a fvcking moron would look at the nominal price and make a declaration of an increase or decrease in price.

So I’ll ask again: which costs more, a $10,000 car your dad purchased in 1978, or a $22,000 car your uncle bought in 2022?
By your logic, the $22,000 car in 2022 cost WAY more.
But that isn’t how money works in the grownup world, kid.

 

[spokey9 5,000+ posts]

An important statistic, but it doesn’t speak to the real cost per gallon. If you read the accompanying article, they specifically speak to two variables: amount used plus changing efficiency of cars.

If a household doubles its usage, you can’t say the cost per gallon price increased, even though their expenditure has. Similarly, you can’t say the per gallon cost decreased when the family replaced their suburban with a Camry.

This explains it better than I could:”A real value(price) is one which has been adjusted for inflation, enabling comparison of quantities as if the prices of goods had not changed on average. Changes in value in real terms therefore exclude the effect of inflation.”

To use a real-world question: Which is more expensive, a $10,000 car in 1978, or a $22,000 car in 2022?

Those variables exist in any good...

The only reason the price of gas really matters is in how much of earnings is lost to it...adjusting for inflation doesn't show the impact of price per gallon...considering there's too many variables left out of the overall inflation equation...

You put too much faith in indicator tools instead of real world impacts...

Cpi..official inflation rate...etc...are useful in very broad economic theory...but have almost no correlation to what's coming out of somebody's wallet when they fill up or purchase other goods or services...

When I paid a touch over $5 a gallon earlier this year...the fact that inflation adjusted cpi averages showed that comparatively speaking gas cost (withing 50 cents or so) the same in '78 meant absolutely nothing...at that point I went from 1hr of labor paying for my weekly expense to 2hrs of labor for the exact same expense...I'm not alone in that kind of bump by far...but running strictly by cpi...it never happened...

That's why it means fck all in the real world...

 

[RobGMN Premium Member]

Those variables exist in any good...

The only reason the price of gas really matters is in how much of earnings is lost to it...adjusting for inflation doesn't show the impact of price per gallon...considering there's too many variables left out of the overall inflation equation...

You put too much faith in indicator tools instead of real world impacts...

Cpi..official inflation rate...etc...are useful in very broad economic theory...but have almost no correlation to what's coming out of somebody's wallet when they fill up or purchase other goods or services...

When I paid a touch over $5 a gallon earlier this year...the fact that inflation adjusted cpi averages showed that comparatively speaking gas cost (withing 50 cents or so) the same in '78 meant absolutely nothing...at that point I went from 1hr of labor paying for my weekly expense to 2hrs of labor for the exact same expense...I'm not alone in that kind of bump by far...but running strictly by cpi...it never happened...

That's why it means fck all in the real world...

Do you not understand that the CPI is based on real world numbers? These “indicator tools” that mean “fvck all” are based on nominal prices of goods, actual incomes earned by real humans across many industries, taxes paid on goods bought, etc.

The CPI directly affect the income of about 125 million people, but you think it means “fvck all”?

 

[Bobbytwonames 5,000+ posts]

Those variables exist in any good...

The only reason the price of gas really matters is in how much of earnings is lost to it...adjusting for inflation doesn't show the impact of price per gallon...considering there's too many variables left out of the overall inflation equation...

You put too much faith in indicator tools instead of real world impacts...

Cpi..official inflation rate...etc...are useful in very broad economic theory...but have almost no correlation to what's coming out of somebody's wallet when they fill up or purchase other goods or services...

When I paid a touch over $5 a gallon earlier this year...the fact that inflation adjusted cpi averages showed that comparatively speaking gas cost (withing 50 cents or so) the same in '78 meant absolutely nothing...at that point I went from 1hr of labor paying for my weekly expense to 2hrs of labor for the exact same expense...I'm not alone in that kind of bump by far...but running strictly by cpi...it never happened...

That's why it means fck all in the real world...

People complaining about gas prices as they drink there $5 Starbucks on their $100/month cell phone driving their $80K SUV? SMDH!

 

[Bobbytwonames 5,000+ posts]

One $5 Starbucks per day is $150 per month. If somebody pays an extra $1.50 per gallon of it would take 100 gallons of gas to equal what they pay for Starbucks per month. I highly doubt that most people go through a 100 gallons of gas per month. Do the math. Not @ThxOne. He should skip all math at this point. Skip the Starbucks people. Caffeine is the most used drug in the World.

 

[spokey9 5,000+ posts]

Do you not understand that the CPI is based on real world numbers? These “indicator tools” that mean “fvck all” are based on nominal prices of goods, actual incomes earned by real humans across many industries, taxes paid on goods bought, etc.

The CPI directly affect the income of about 125 million people, but you think it means “fvck all”?

Chronology of changes in the Consumer Price Index

www.bls.gov

Yes they mean fck all in the real world...they use data points up to 10 years old to figure current cpi...not to mention its constantly changing...so what the cpi was calculated at in '78 now looks different using today's data points for calculating cpi in 78...

And I don't know anybody in the real world who on.y saw a 10 cent bump in gas since '19...

 

[spokey9 5,000+ posts]

One $5 Starbucks per day is $150 per month. If somebody pays an extra $1.50 per gallon of it would take 100 gallons of gas to equal what they pay for Starbucks per month. I highly doubt that most people go through a 100 gallons of gas per month. Do the math. Not @ThxOne. He should skip all math at this point. Skip the Starbucks people. Caffeine is the most used drug in the World.

Did Rosenbaum work at starbucks?...that another reason we should emphasize with an 11 time convicted *** offender...

 

[Bobbytwonames 5,000+ posts]

Did Rosenbaum work at starbucks?...that another reason we should emphasize with an 11 time convicted *** offender...

Did I mention your hero once in that post? Quit being fixated with defending your thug hero that like to beat up little girls.