Thursday, May 1, 2008

The "Real" Price Of Gasoline And The Value Of History (EIA via LII)

The always helpful Librarian's Internet Index pointed me today towards some interesting charts at the Energy Information Administration showing "real" (i.e. inflation adjusted) gasoline and other petroleum product prices over time. Most of the charts date back to 1980 but the one below, dating back to 1919, seemed the most interesting. Of course, the importance of gasoline in the US economy is far more significant than it was in 1919 (and maybe than even in 1983), but it is still useful to get the historical perspective.

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