[Future Snake Eater]

How did the "global economy" survive, when oil prices were low enough, that gasoline was 30 cents a gallon?

I believe there's been a tad bit of inflation since then. A scintilla, really.

[Chickensoup]

I believe there’s been a tad bit of inflation since then. A scintilla, really.

_________________

thank you for that. Perhaps we need to teach a Freeper Econ course?

[Abby4116]

How did the "global economy" survive, when oil prices were low enough, that gasoline was 30 cents a gallon?

The crude was controlled by the Seven Sisters.