Quote:
Originally posted by SuckOnThis
When Bush took office gas prices were below $1.50 a gallon, now they are over $2.00 a gallon. So what kind of twisted logic are you using saying with Bush they will go to an all time low? And whats your idea of 'all time low'? 15 cents a gallon?
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Gas prices are, indeed, quite low if you look at it in inflation-adjusted dollars. Here's a graph of inflation-adjusted gas prices from the dept. of energy:
Yes, the recent upswing in gas prices is unfortunate (particularly in a time of fierce fiscal hardship for most average people), but really the $2/gal thing is just a psychological barrier that's being naturally crossed as inflation does its thing.