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