"(PeteCresswell)" wrote:

Per Malcom "Mal" Reynolds:
remember when gas prices were below $1/gallon? must not be running out
of oil

27-cent gas in 1961 was really $2.15 per gallon in 2014 dollars per
http://www.bls.gov/data/inflation_calculator.htm

Yes, just for normal "inflation" which is really deflation of the
currency value. Now add in the last few years of "Quantitative Easing"
taxation of every dollar in existence and you find that current fuel
prices are pretty well on par with what they were back then.