At $3.00 per gallon gasoline is still not the highest price ever. If you adjust for inflation it is still about 10% cheaper than the highest reached in the mid-late 1970s. Not trying to make a political statement but shouldn't we educate the public about this?
I understand it seems high because all younger people have to compare the price to is what they saw 5-10 years ago.
Another thing that isn't considered, it seems, is that today's cars get a LOT better gas milage meaning that $3 Gallon of gas takes you a lot farther than it would have 5-10 years ago. And if we go back to the 1980s we're talking about a near 25% improvement on MPG.
If bottled water prices increased like gas prices have, then we would have reason for concern since we humans generally consume the same amount of water and our bodies aren't more efficient in a measurable way at least in an average lifetime.
I think the price for gasoline would need to reach or exceed about $4.50-$4.75 per gallon for regular unleaded before we could truly say it is now the "highest price ever" Also, we didn't have cell phones, internet access and a host of other things to pay for back in the late
1970s-early 1980s. So this might also make the gasoline price seem higher since we all have less disposable income.If one cancelled the cell phones, cable tv/internet and a host of other things we now pay for, wouldn't the $3 gas price seem unimportant to the average person.?
Am I wrong about the price or the perception problem? If so, please elaborate. I am willing to admit I am wrong on this.