Why not start back in the 40's or even the 20's? How would it calculate? In 1940 gasoline was $.18, using your formula in 1950 it should have been $.36, 1960 $.72, 1970 $1.44, 1980 $2.88, 1990 $5.76 2000 $5.76 and 2010 $11.52. Of course if you used this formula the average wage in 2010 should be $243,200. When gas spiked in 1979 during the Iran hostage ordeal gas jumped to $1.35 in Arkansas. Who Knows what it will do now?
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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