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Cheap Gasoline? Well...maybe Not

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copper nickel daddy's Avatar
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 Posted 04/14/2012  2:35 pm Show Profile   Bookmark this topic Add copper nickel daddy to your friends list Get a Link to this Message Number of Subscribers
My girlfriend posted this photo to my Facebook page. Good deal?

Cheap-Gasoline?--Well...maybe-Not

At today's silver exchange rate ($31.46 per ounce) not really! It would run you $4.55 per gallon!

Might try to pay with a few of those "dolllar" coins, though.
Edited by copper nickel daddy
04/14/2012 2:38 pm
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rachums107's Avatar
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 Posted 04/14/2012  2:58 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
Yep, but it SOUNDS like a great deal!
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oih82w8's Avatar
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 Posted 04/14/2012  6:50 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Any takers?
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SaintRidley's Avatar
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 Posted 04/28/2012  2:09 pm  Show Profile   Bookmark this reply Add SaintRidley to your friends list Get a Link to this Reply
It's a great deal for the seller, that's for sure.
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SJUHawks's Avatar
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 Posted 04/30/2012  4:49 pm  Show Profile   Bookmark this reply Add SJUHawks to your friends list Get a Link to this Reply
Gas at one station by me is $3.99/gallon cash and $5.99 credit. Crazy surcharge.
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 Posted 04/30/2012  5:10 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Come to Los Angeles...weeeeeee!
swcoin.ecrater.com
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 Posted 04/30/2012  5:38 pm  Show Profile   Bookmark this reply Add tzarmarko to your friends list Get a Link to this Reply
Come to New Jersey!!
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 Posted 04/30/2012  9:16 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
If you think about it there are a lot of people that have no idea of the value of coins. Not just for Silver, but rare dates. So this idea if someone had a jar, can, box of old coins laying around waiting for a rainy day, they may just pull into that station and pay with those old coins.
Imagine getting a 1894S Dime, with a pile of Sitting Liberty Dimes to pay for that gas.
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 Posted 04/30/2012  10:18 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
This was perfect timing. On the way home from work Friday afternoon I was going to stop at my usual gas station to fill up. Well, the place was packed so I went to the station on the next corner. The sign said $3.69/ gal. I pushed the button to select regular unleaded and had to double take the price on the pump. It read $2.69/gal. So I filled the tank (unfortunately only needed 12. something gallons)

Cheap-Gasoline?--Well...maybe-Not
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w1a9c8k5's Avatar
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 Posted 05/01/2012  08:42 am  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list Get a Link to this Reply
2.69....YOU GOT A STEAL!
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jbuck's Avatar
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 Posted 05/01/2012  10:40 am  Show Profile   Bookmark this reply Add chrisild to your friends list Get a Link to this Reply
Come to Europe - here it's only 1.65 or so (I'm in DE). Nah, wait. That is euro per liter. Well, I now have a credit card that gives a whopping 3% rebate ... But that sign in the initial post I like. :)

Christian
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DNA's Avatar
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 Posted 05/01/2012  11:10 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
Say you have a car made in 1957.
Gas was 25 cents a gallon average when the car was new.
Using the Consumer Price Indexes, that would be about $2 a gallon in today's money.
But...
Every quarter in circulation back in 1957 was 90% silver.
Said Quarters now have $5.61 spot value @ $31.00/oz.
Since 90% Silver coins (and $1 Silver Certificate Notes) were the default methods of payment in 1957,
buyers were paying "$5.61 a gallon" in today's silver price.

The "fair price" for gas in 90% Silver would be 18 cents/gallon (assuming gas is $4/gallon in fiat money).

Quote:
Gas at one station by me is $3.99/gallon cash and $5.99 credit

As if avoiding those $75 holds and negating any possibility of card skimming weren't enough reason to prepay in cash at the pump!
Edited by DNA
05/01/2012 11:19 am
Bedrock of the Community
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 Posted 05/02/2012  12:15 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Come to Europe - here it's only 1.65 or so (I'm in DE). Nah, wait. That is euro per liter.

Which is why in the future every thing monitary will have to be via a computer system. Try figuring out what that means in dollars per gallon. And US dollars too.

Quote:
Say you have a car made in 1957.
Gas was 25 cents a gallon average when the car was new.
Using the Consumer Price Indexes, that would be about $2 a gallon in today's money.

One of my cars is a 1967 and it gets a whpping 7 to 9 miles to the gallon. And it can only run on the highest octane which was about $0.35/gallon then.

Quote:
Cheap-Gasoline?--Well...maybe-Not

Picture filling this thing up with todays prices.
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