Last night David Letterman jokingly (I hope) said gas prices will reach $10 per gallon by labor day. I filled up the Suburban this evening – the bill was about $125! Notice this was for 35 gallons. As it turned out I had almost 1/4 of a tank left when I went to the pumps. This tank holds 45 gallons. Extrapolating – a full tank would have been $160 at this price.
When I was in college I had a 1962 Volkswagen Beetle. The tank held about 10 gallons and I can remember at Ohio State going to the gas station when they had price wars. You could buy gasoline at $0.25 per gallon. An entire tank for that bug cost less than one gallon now. Actually, I bought that car for $200! Just a little over the cost of one tank of gas now. I heard someone talking recently about their old pickup truck that they were selling. The other guy in the conversation only asked one question – ‘how much gas was in it?’