I heard a story on Morning Edition (I think it was ME) that our current gas prices aren't much higher than the gas prices in 1920, when adjusted for inflation.
I found a chart that shows the price of gas in the U.S. from 1979 to today. WTRG Economics has a more thorough history of oil prices. I can't account for the accuracy of either site, though. If you find a better source, please let me know.
Wednesday, May 21, 2008
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