$3 a gallon gas?

Christian Gregory christian11 at mindspring.com
Thu May 3 13:08:51 PDT 2001

> 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.


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