this post was submitted on 25 Dec 2025
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Chuck Grassley is 92 years old.
He was college age from 1951-ish to 1954-ish.
Gas prices were $0.27 to $0.29 a gallon back then.
https://www.energy.gov/eere/vehicles/fact-741-august-20-2012-historical-gasoline-prices-1929-2011
Adjusted for inflation, that's $3.37 to $3.49 today...
https://www.usinflationcalculator.com/
Buuuuut... Another way of looking at it...
The minimum wage in the early 1950s was $0.75/hr.
https://www.dol.gov/agencies/whd/minimum-wage/history/chart
So a gallon of gas was between 36% and 39% of an hours worth of minimum wage work.
The current minimum wage is $7.25 an hour. A gallon of gas at the current average of $2.847 is 39% of an hours worth of minimum wage work.
https://gasprices.aaa.com/
Almost as if inflation is a function of energy prices, as everything we consume requires energy to produce and transport.
It couldn't possibly be that the greediest of corporations in the world are those in the energy trust feeding its destruction!