Sunday, May 25, 2008

Gas prices

Sure, $3.85 seems high for a gallon of gas, but is it that high, historically speaking, taking inflation into account?
Yes, yes it is. (As Scooter noted earlier, you can enlarge the graph by clicking on it.)

The graph is published with permission of Financial Trend Forecaster and Read the full article on Gasoline Inflation here.

1 comment:

Scooter said...

It's really interesting that 2008 peak is starting to "feel" like the 81 peak (when it was really hard for a college sophomore to fill his tank.) I'll be interested to see what the market does. I remember some sub-dollar gallons I bought in Denver in about 1997.