MaxSpeak: “In 1960, gas was 31 cents a gallon (regular, leaded), but in today’s dollars, that would be $1.95. In 1980, it was $1.25 (unleaded, regular), or $2.82 in $2004. 1990, $1.16, or $1.65 today. The latest average is $1.72. There has also been a significant increase in miles per gallon. So cost per mile is lower on that account.”
via EconoPundit.
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