Inflation ain't new

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ZackF

Puritan Board Post-Graduate
It was a word I didn’t understand in the late 70s and early 80s but I remember hearing it.
 

VictorBravo

Administrator
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It was a word I didn’t understand in the late 70s and early 80s but I remember hearing it.
It was a way of life. Of course, the full description was “stagflation.”

Some folks were paying home mortgages of 12% or more, but it was ok because house prices were rising faster.

And gasoline? From 29 cents a gallon to over a dollar in just a few years.
 
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Edward

Puritanboard Commissioner
Flatt & Scruggs? You mean Lester & Earl? And they couldn't even blame Yoko Ono for their breakup.
 

jwithnell

Moderator
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I recall being all excited to find gas at 51 cents only to find out it was the only way to calculate (x2) gas at more than a dollar.
 

Edward

Puritanboard Commissioner
And gasoline? From 29 cents a gallon to over a dollar in just a few years.
Some pumps would just go up to 99.9 cents a gallon. Shell tried to start pricing by the liter at some stations to try to save money on replacing the pumps.

I didn't remember them putting out this guide. https://www.ebay.com/itm/1970s-Shel...-Table-3-Page-Brochure-Pamphlet-/402347994072 but it didn't work out for them in the long run.

And let's not forget the odd-even gas rationing.
 

hammondjones

Puritan Board Junior
Some pumps would just go up to 99.9 cents a gallon.

I guess that lesson went unlearned. I recall when I was coming of age gas was typically around 0.99 but most billboards advertising the price had only space for a 1 in the dollar place, implying 1.99 as the highest price thought possible.
 
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