Right on target.
I would also add that any article about the rising price of gasoline is woefully deficient if it does not focus on the primary culprit in these high prices -- a U.S. dollar that has lost a substantial amount of purchasing power in the last two years.
Still, look at the change in price for a 3/4 ton 4wd pickup in 1980 vs today and you will see how gasoline prices have gone up less.