29 April 2006

fuel, pt 2

Found this interesting article about fuel costs on NPR's site. This article is chock-full of numbers and facts, data that dispels the many myths of the current 'record high' gas prices. Note that "over a longer period of time, the prices of other goods have increased even more. In March of 1981, the average price of gasoline nationwide peaked at $1.42 a gallon. If gasoline prices had simply risen at the same rate as other goods since then, the average price today would be $3.08. (Although gas prices are higher than that in some areas, the national average is still about 18 cents shy of the all-time high.)"

mc

No comments: