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Originally Posted by coldhands
I just started watching an older movie, The Survivors (1983) starring Walter Matthau and Robin Williams. In an opening scene, Robin Williams pumps gas at a station owned by Walther Matthau's character. I found it interesting that gas prices at the time the movie was shot were $1.41/gal for unleaded. That is roughly comparable to today's prices, 26 years later with no adjustment for inflation. I find it incredible that we have subsidized gasoline to the point that prices have not changed in 26 years. Can anyonce think of exmaples of other commodities that have similar price histories?
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Coke.
In 1982 based on my memory and WikiAnswers Coke was about $1 for a liter. You could get a 2 liter bottle for a bit more or less if you got it on sale.
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Average price of coke in 1980?
The average price of coke in 1982 was about $0.99 for a 1 litre bottle.
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How much does Can of Coke cost? - How Much At Your Place .com
Today, I can get a two liter bottle for about the same price.
I think the price of gas has more to do with the abundant supply of oil on this planet. Price spikes are often due to factors outside of the amount of oil in the ground.