Crude was at $41. in late ‘08: http://www.indexmundi.com/commodities/?commodity=crude-oil&months=60
Meanwhile, the contents of my Cheerios box gets lighter & lighter and the price goes up & up! Bernanke is hammering the middle class & savers. Not going to be pretty when this equity/Fed unwinding/low interest rate bubble bursts! I loathe Bernanke.
Counting as inflation, also . . . unless you're one of those who erroneously believes the govt doesn't count it.