Adjusted for inflation, gasoline is cheaper now than it was in 1968. Considering how fuel efficient vehicles are now, it’s never been cheaper to own and run one. Think about how many miles you got outta your car in 1970, 1990, now. Think about many vehicles your parents owned, how many you owned, and how many your kids own. Owning a vehicle is cheap today. It’s not necessarily a good thing.
We’re in an unusual spot where producers are overproducing because they can. Believe it or not, oil producers would love gasoline to be $4.00 per gallon. Problem is some recent innovations in production have lowered the cost of extraction, or have made otherwise inaccessible oil accessibile. Once it dries up, hello $4.00 gasoline, unless another technology is developed to make more accessible. At some point that no one has been able to predict yet, we will run out of ACCESSIBLE oil. The price will naturally increase due to lack of supply. The question we SHOULD be asking is “what are we doing to prepare for that day?”
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Today's Featured Article - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
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