“At over $3.00 a gallon, the U.S. inflation-adjusted price for gasoline in May 2007 is now less than it was in 1981, a remarkable decrease in price over a 25 year period during which real prices in other sectors, such as health and education have tripled and quadrupled.”
Not being old enough to drive in 1981, why would I care?
1981 was the peak price. The blog makes the peak price seem like it was some kind of long term average. It dropped like a rock after reaching that peak. Additionally, our average has been above the inflation adjusted peak. Gas is now more expensive than it has ever been.
Because it shows you angst and hysteria about Gas prices is a media manufactured angst, NOT one generated by a real unfair price at the pump.