Posted by jdemaris on February 14, 2008 at 07:36:43 from (72.171.0.140):
In Reply to: propane posted by ken in texas on February 13, 2008 at 16:54:12:
I never heard of propane when I was a kid. Back in the 50s, we camped with sterno stoves and in my area, some people had refrigertors that ran on piped "city gas." My memories of fuel prices are of diesel costing 20 cents a gallon in the 50s, and regular gas at 25 cents. Gas was still around for 25 cents around 1970. I was working at a gas station early 70s when the prices jumped to over a buck and most pumps could not handle the extra digit in the price. Historically, propane has usually had a wholesale price about twice of what crude oil was costing. In 1950 crude was 36 cents a gallon, so propane should of had an average wholesale price of somewhere around 72 cents a gallon - but I can't verify that. I also assume that it was subsidized and cheaper in farming areas. Crude oil - 1869 was almost 2 dollars a gallon but dropped fast By 1880 it was $43 cents a gallon, 1949 - in 1973 it jumped to 98 cents, 1986 it went down to 48 cents, and in $2007 it hit $1.43 per gallon Today - Feb 13 - NY price of crude is 91 cents a gallon, wholesale propane is $1.35, and retail bulk price of propane is around $3.30.
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