Morton Fox (mortonfox) wrote,
Morton Fox

Gabbing about Gas

Gas prices were up by 30 to 40 cents per gallon this afternoon. Some gas stations changed in the afternoon and some did that in the evening at around closing time. I guess my area just took one day to catch up with the rest of the state.

To put things in perspective: This The Big Picture blog entry is a bit dated but it includes a chart showing inflation-adjusted gas prices from the peak in the early 80s to this year. Adjusted for inflation, the peak in 1981 was $3.07. According to GasBuddy, the nationwide average is about $2.89 and rising. So we're almost there! (Indeed, you may already be seeing prices higher than $3.07 at some gas stations.) Given that unleaded gasoline futures were up another 14 cents today, I think we can easily reach a new all-time high.

Okay, so putting things in perspective didn't help much.

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