$3 a gallon gas?

[Christian Gregory]

> It's irritating to hear middle and upper income Americans whine about
> higher gas prices. Until the recent spike, gas prices lagged general
> inflation for 20 years. It's absurd that this toxic stuff in limited
> supply costs less than bottled water.
>
> Doug

The price of gas is now about 20% lower than it was, in real terms, in 1976.
Since 1980, the Consumer Price index has more than doubled, while gas prices
have risen a measly 28%.
That means it's a lot cheaper to buy gas now than it was in 1976, and way
cheaper than in 1980. Environmental costs not included.

Christian