| ▲ | jjk166 6 days ago | ||||||||||||||||
20 years ago (ie mid 2000s) was a unique time of extremely high gas prices with 2008 being the all time high both adjusted for inflation and absolute. Adjusted for inflation, oil is currently higher than any point between 1990 and 2004, and in absolute terms since 2022 its been higher than any point outside of the 2006-2014 period. | |||||||||||||||||
| ▲ | lovich 5 days ago | parent [-] | ||||||||||||||||
It’s really not https://fred.stlouisfed.org/series/APU000074714 This is only the nominal price, I can’t find the inflation adjusted graph, but I assume it’s clear that if the nominal price now is the same as several other periods over 10 years ago, then the gas today is cheaper over inflation adjusted dollar | |||||||||||||||||
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