Seems that gas, fuel, gasoline is being used as a marker to understand just how horrible we have it as a result of the current inflation. It’s just sooooooooooo terrible. I’ll just say this. As a marker of inflation and our personal economic experience all it shows is how terrible we are at remembering. Unfortunately for us, such a bad memory leads us to terrible voting decisions. Though, it does allow for easy emotional manipulation of the citizenry come election time. Enough lecturing. On to the lesson. You can skip to the very end to see the results, but you’ll miss a great story.
Let us look at a bit of recent history. I used this site for historical gas prices: U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)Read More »