Chart of the Day: Gas Prices Over Time

Here’s two charts of gas prices over time, one showing nominal dollars and one showing real dollars (adjusted for inflation.)

 

oil price chart 2014

gas-prices-real-nominal(The second chart is from that Millennial report I mentioned last week.)

Everyone’s talking about how gas prices are low, but everything’s relative. (Also, because the the oil market is closely linked with the dollar, the US might have a different perspective on gas prices than other countries with other currencies… or so my economist friends tell me.)

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