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Friday, May 04, 2007

Inflation adjusted gasoline prices from Chart of the Day


Found at Chart of the Day:
Gasoline prices continue to surge as geopolitical tensions continue and suppliers struggle to keep up with demand. Over the last three months, the average US price for a gallon of unleaded has shot up over 80 cents per gallon and is once again near the psychological $3.00 per gallon level. It is also worth noting that, when adjusted for inflation, gasoline prices are not far off the inflation-adjusted peak of $3.29 that occurred back in 1981.

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