[dalereed]

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

Because of inflation that 30 cents is now over 3 follars.

[Mark17]

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

Because of inflation that 30 cents is now over 3 dollars.

I can see that, but I think gas is much less than 3 dollars a gallon now. I wonder what that would equate to in years past, when it WAS 30 cents a gallon?