While trying to work on a case study, I came upon this article.
In a nutshell, it says that a lot of old U.S. gas pumps with analog gas price displays only go up to a maximum of $3.99 per gallon. o_O
Some guy remarks (wistfully), "I remember when I used to get three gallons for a dollar," said Bergeron. "The pumps couldn't handle $2 back then."
Kozikowski said he remembers when gas went to $2 per gallon and said he has the old pumps to prove it.
This is like the Y2k bug, but for gas pumps. My question is, why would you build anything like this with such narrow-minded assumptions towards the future? The cost savings of excluding a few more digits can't be THAT high.
happydud astutely countered that a lot of the pumps they were talking about are REALLY old. like "gas was 50 cents" old. the concept of it ever hitting $4 was probably unimaginable.
I replied, Gas hit an a relatively historic low in the nineties, though...But happydud noted that this was after factoring in inflation. In 1990's dollars, it was still in the $1-2 range.
I asked, And what about oil price shocks of the late 70's early 80's?
<@happydud> inflation.
<@happydud> it was a few dollars
<@happydud> but those few dollars were WORTH a lot more
<@happydud> so $2/gallon
<+Gris`exam> The Carter-era stuff that gave us things like lower speed limits >_<
<@happydud> was the equivilent of today's 4 and $5
<+Gris`exam> Ah, right right
<@happydud> so it's a combination of the price spiraling out of control
<+Gris`exam> But if I were a gas pump maker, I would see the writing on the wall
<@happydud> AND inflation
<@happydud> 50 years ago?
<@happydud> when a gallon of gas was 25 cents?
<+Gris`exam> And realize that Reagan taking us off the gold standard and...
<+Gris`exam> Ok, fine. Free Silver!
<+Gris`exam> Remember THAT?! If Free Silver or somesuch populist thang were implemented in American economic policy, inflation very well might have risen back in "the good old days" as well.
<+Gris`exam> I'm just saying that there was a lack of foresight. Just because gas is 50 cents doesn't mean that it's inconceivable that a pump that was "built to last" like many 50's-era products before obsolecence-by-design could have to handle gas of a price higher than $2.99
<+Gris`exam> Or $3.99 after that.
<+Gris`exam> Hell, make it go to $50.00 per gallon or something and encourage the customers when they see a big fat zero at the start of their price (e.g. $00.50 / gal)
"Gas is $3.54 here" Anovis chimed in, in an attempt to provide helpful illustration?
Granted, by my argument, one could take it to absurd lengths and say why not put infinite digits then because who knows how high the price of gas could go in the future, but seriously, the price increasing 10x over the course of 50 years isn't entirely unreasonable. I mean, as an economist in the 50's you could look to examples like pre-Nazi Germany's hyperinflation crisis.
So what are your thoughts on the should-have or shouldn't-haves of 1950's-era gas pump designers and economic foresight? Is their lack of foresight excusable because they lived in a "golden era" we gild because everyone's too old to remember it properly?
Also, discuss other engineering-related flaws/blunders for which a lack of foresight is responsible.
In a nutshell, it says that a lot of old U.S. gas pumps with analog gas price displays only go up to a maximum of $3.99 per gallon. o_O
Some guy remarks (wistfully), "I remember when I used to get three gallons for a dollar," said Bergeron. "The pumps couldn't handle $2 back then."
Kozikowski said he remembers when gas went to $2 per gallon and said he has the old pumps to prove it.
This is like the Y2k bug, but for gas pumps. My question is, why would you build anything like this with such narrow-minded assumptions towards the future? The cost savings of excluding a few more digits can't be THAT high.
happydud astutely countered that a lot of the pumps they were talking about are REALLY old. like "gas was 50 cents" old. the concept of it ever hitting $4 was probably unimaginable.
I replied, Gas hit an a relatively historic low in the nineties, though...But happydud noted that this was after factoring in inflation. In 1990's dollars, it was still in the $1-2 range.
I asked, And what about oil price shocks of the late 70's early 80's?
<@happydud> inflation.
<@happydud> it was a few dollars
<@happydud> but those few dollars were WORTH a lot more
<@happydud> so $2/gallon
<+Gris`exam> The Carter-era stuff that gave us things like lower speed limits >_<
<@happydud> was the equivilent of today's 4 and $5
<+Gris`exam> Ah, right right
<@happydud> so it's a combination of the price spiraling out of control
<+Gris`exam> But if I were a gas pump maker, I would see the writing on the wall
<@happydud> AND inflation
<@happydud> 50 years ago?
<@happydud> when a gallon of gas was 25 cents?
<+Gris`exam> And realize that Reagan taking us off the gold standard and...
<+Gris`exam> Ok, fine. Free Silver!
<+Gris`exam> Remember THAT?! If Free Silver or somesuch populist thang were implemented in American economic policy, inflation very well might have risen back in "the good old days" as well.
<+Gris`exam> I'm just saying that there was a lack of foresight. Just because gas is 50 cents doesn't mean that it's inconceivable that a pump that was "built to last" like many 50's-era products before obsolecence-by-design could have to handle gas of a price higher than $2.99
<+Gris`exam> Or $3.99 after that.
<+Gris`exam> Hell, make it go to $50.00 per gallon or something and encourage the customers when they see a big fat zero at the start of their price (e.g. $00.50 / gal)
"Gas is $3.54 here" Anovis chimed in, in an attempt to provide helpful illustration?
Granted, by my argument, one could take it to absurd lengths and say why not put infinite digits then because who knows how high the price of gas could go in the future, but seriously, the price increasing 10x over the course of 50 years isn't entirely unreasonable. I mean, as an economist in the 50's you could look to examples like pre-Nazi Germany's hyperinflation crisis.
So what are your thoughts on the should-have or shouldn't-haves of 1950's-era gas pump designers and economic foresight? Is their lack of foresight excusable because they lived in a "golden era" we gild because everyone's too old to remember it properly?
Also, discuss other engineering-related flaws/blunders for which a lack of foresight is responsible.