Thursday, August 30, 2012

Gasoline Prices

There was some discussion this evening of gasoline prices. The only price that matters is the price adjusted for inflation. Here is a chart of inflation-adjusted  gasoline prices and nominal prices (that is, what it says on the pump, not adjusted for inflation) since 1918.

 

 
Historical Note: Prices from 1942 to 1946 were Set By Office Of Price Administration. Gasoline Was Strictly Rationed - DRC

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