"History is a wonderful thing, if only it was true"
-Tolstoy

Saturday, March 31, 2007

About that locking gas cap

Remember the 70's gas lines ...
Well, in real terms, prices may be the same, but behavior is different
Drivers Shrug as Gasoline Prices Soar - New York Times

I'd been meaning to look for data to support my thinking, but the article covers it.
Although on an inflation adjusted basis, gas may be nearing the point they were during the crunch of the mid 70's, folks are not changing habits ... much.

My supposition is that fuel costs are a smaller portion of the family budget.

And when was the last time you saw a locking gas cap?

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