Jump to content
SASS Wire Forum

Ba-Dump Tissssh - Memes


Pat Riot

Recommended Posts

  • Replies 30.7k
  • Created
  • Last Reply

Top Posters In This Topic

  • Buckshot Bob

    6116

  • Alpo

    3156

  • Pat Riot

    2824

  • Subdeacon Joe

    2027

21 hours ago, Sedalia Dave said:

 

Gas Price History

 

Nation wide the average price in 2020 was $2.17. For 2023 it was $3.22. That's an increase of 149%.

 

Here is a chart showing the national average price of gasoline for the last 5 years.

 

 

 

 

$3.22 is NOT an increase of 149% over $2.17  - it's 67%.  To double check.  A 100% increase would be double or $4.34.  Let's do math together.  :)

  • Thanks 1
  • Haha 2
Link to comment
Share on other sites

4 minutes ago, Joe LaFives #5481 said:

$3.22 is NOT an increase of 149% over $2.17  - it's 67%.  To double check.  A 100% increase would be double or $4.34.  Let's do math together.  :)

 

How about "An increase to 149% of thebase pricevof $2.17"?

Link to comment
Share on other sites

1 hour ago, Subdeacon Joe said:

 

How about "An increase to 149% of thebase pricevof $2.17"?

No it's a 67% increase over the base price.   It increased by $1.05 , that increase is not 149%. 

Link to comment
Share on other sites

2 hours ago, Subdeacon Joe said:

 

 

2.17 x 1.49 = 3.23

but $2.17 is not the increase.  $3.23 would be 149% increase for a total of $5.40.  The increase is $1.05 and that is not 149% of $2.17

Edited by Joe LaFives #5481
  • Like 1
Link to comment
Share on other sites

23 hours ago, Joe LaFives #5481 said:

$3.22 is NOT an increase of 149% over $2.17  - it's 67%.  To double check.  A 100% increase would be double or $4.34.  Let's do math together.  :)

 

22 hours ago, Subdeacon Joe said:

 

How about "An increase to 149% of thebase pricevof $2.17"?

 

This is why I love math. You can easily manipulate the numbers to your advantage. 

 

 

 

 

Edited by Sedalia Dave
  • Like 3
  • Thanks 1
  • Haha 2
Link to comment
Share on other sites

How to calculate inflation:

 

https://www.rocketmoney.com/learn/personal-finance/how-to-calculate-inflation-rate

 

  1. Subtract an item’s original cost from its present cost.
  2. Divide the result by the original cost.
  3. Multiply by 100.

So:

 

((3.23-2.17)/2.17)*100=(1.06/2.17)*100=0.488*100=48.8%

  • Like 2
  • Thanks 1
Link to comment
Share on other sites

1.49 is the same effectively the same as 48.8%. I applied the given significant figure (3 vs 2) and expressed it as a percent. So 48.8% is 1.488 times the original price.

 

Even then, we are actually not at an inflation rate as we think of it. We think of inflation annually. So if something doubles in price over 6 months, and doubles again in another 6 months...

 

Well, neat data at:

 

https://ycharts.com/indicators/us_gas_price

 

ScreenShot2024-03-07at6_31_47PM.thumb.png.c3bc0f925f79fef0aff7b4a270e29034.png

 

Pick your dates and calculate your rate.

Link to comment
Share on other sites

5 hours ago, Buckshot Bob said:

image.thumb.png.dddc821942f307cc875271fc06a38529.png

I was thinking about the captain just the other day. And I wondered.

 

Did it leave a film inside your mouth, for anybody else, or did he just not like me?

 

I mean the cereal was good. I liked it. But when I was through eating I had to go brush my teeth and my tongue and the roof of my mouth and my cheeks to get the coating off. Yech.

  • Like 1
  • Haha 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.