How Many Miles Can You Drive . . .
Posted: Thu Aug 07, 2014 7:51 am
on an Hour’s Wages?
100 Years in One Chart
Author: Ed Dolan
EconoMonitor.com
Recently I came across this assertion in a comment box on one of my favorite websites: “The cost to fuel your car has never been higher as a percentage of disposable income.”
Really? I know gasoline prices are high, but you just can’t make that assertion without looking at incomes and fuel economy, too. I decided to check the data.
I was able to put together 50 years of pretty consistent data for the key variables, with only a little stitching together to make the starting points and end points fit.
- See more at: http://www.economonitor.com/dolanecon/2 ... f8Y5c.dpuf
100 Years in One Chart
Author: Ed Dolan
EconoMonitor.com
Recently I came across this assertion in a comment box on one of my favorite websites: “The cost to fuel your car has never been higher as a percentage of disposable income.”
Really? I know gasoline prices are high, but you just can’t make that assertion without looking at incomes and fuel economy, too. I decided to check the data.
I was able to put together 50 years of pretty consistent data for the key variables, with only a little stitching together to make the starting points and end points fit.
- See more at: http://www.economonitor.com/dolanecon/2 ... f8Y5c.dpuf
