Here's the average price of gas in the U.S., in current dollars (blue), and its price adjusted for inflation (red). The real price peaked on 7/17/2008 at $4.30/gal (in current dollars).
(Click to enlarge.)
I wonder what its price would be today if there had been no financial crisis....Data sources:
Gas price: This Week in Petroleum, EIA
Inflation: CPI, Bureau of Labor Statistics
1 comment:
What we really need is a variable tax that steadies the price to a stable 5% rise annually. Chance of that happening is 0%.
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