I recently filled up at a station that had serious traffic problems. Soneone else who was filling up his car remarked, “Man, this place is busy! Must be cheap or something.”
Regular unleaded was $3.659 at this particular station. A few years ago, if you told me I’d consider that a low price for gasoline, I would have said you were crazy. And really it’s only good relative to what I’d pay elsewhere; it really wasn’t too terribly long ago that I could completely fill the 12-gallon tank in my Miata and get change back from a $20 bill.
$4 gas caused a media meltdown before Jan 2009.
Now it’s the “new normal”
Just like so many other parameters of the economy like 8% unemployment.
Personally I’m still looking for the wormhole that “McJobs, homeless problem, and recovery for Wall $treet but not Main Street” slipped into, never to be heard again.
I remember back in 2000, seeing gas hit $1.50 and being incredulous.
Back in the mid 60s, we used up all the cheap gasoline.
I remember $.21/9 for 100 octane premium.
(Car got 8 miles per gallon)