Gas prices are twice inflation alone.
Mar 13, 2022 2:40:00 GMT -5
Post by Lamron on Mar 13, 2022 2:40:00 GMT -5
When I started driving in 1988, gas was $0.90 per gallon. Inflation adjusted to 2022 dollars, that's $2.16.
In 2020, gas was $2.17, right where you would expect it to be based on inflation.
Gas in my area is now $4.25, nearly twice what it should be. High gas prices are NOT due to inflation.
Sources:
www.energy.gov/eere/vehicles/fact-915-march-7-2016-average-historical-annual-gasoline-pump-price-1929-2015
www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/
www.usinflationcalculator.com/
In 2020, gas was $2.17, right where you would expect it to be based on inflation.
Gas in my area is now $4.25, nearly twice what it should be. High gas prices are NOT due to inflation.
Sources:
www.energy.gov/eere/vehicles/fact-915-march-7-2016-average-historical-annual-gasoline-pump-price-1929-2015
www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/
www.usinflationcalculator.com/
