Who says retro rock has to be regressive? Cheap Time takes it all the way back to 1978 on Two and a Half Times Around, the album they released and distributed independently last year. Frontman Jeffery Novak sings in a disdainful punk sneer, sounding like a perma-pissed Dead Boys fan eager to burn your disco records. The hooks are grungy, raunchy and powerfully enveloping, thanks to Novak’s gift for frictional power-pop harmonies. Tracks like “Woodland Drive” and “People Talk” crackle with lo-fi noise. Others deliver full-throttle guitar overdrive in coalescence with battered drums. Cheap Time does not lack for punk bona fides (they once toured with the late Jay Reatard), but their music stands on its own delicious merits.