A Bargain at the Pump?
From the Washington Times:Historically, current gas prices are not that high. At the dawn of the auto industry in 1920, gasoline cost 30 cents per gallon; that's equivalent to $2.78 today. When adjusted for inflation, the average price of gasoline did not fall below $2 per gallon for 26 years — until 1946. During the OPEC gas shocks in 1975, gasoline prices were still about $2 per gallon.
Then the oil shocks of the early 1980s drove real gasoline prices even higher — $2.83 per gallon in 1981. And they did not get back below $2 until 1986. And in fact, real gasoline prices below $1.50 per gallon are a relatively recent phenomenon — occurring in only 12 years, all since 1987.
Matt's Chat
Another falsehood exposed...Mark's Remarks
I can hear Kerry and the hamster chorus: "No!!!! Don't give me historical perspective! I was doing so well selling this hysterical highness of gas!!! Please don't give the people big picture facts to think about, it will cause them to see truth, and we at Terry McAwful's can't let them see that!!!!" Sorry, but it had to be done...I take it back...I am not sorry at all....
