>
> > 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
>
>
>
>
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu