Thread: Upgrade times
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Old 10-21-2021 | 09:02 AM
  #782  
LUVisLost
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Lastly in reference to gas prices. You are looking at nominal and not inflation adjusted pricing. I copied this for you. It clearly shows that adjusted for inflation we are not far off the historical norms. People LOVE to complain about prices of things but they fail to recognize that adjusted for inflation (apples to apples) gas has always cost around the same. In addition interesting to see gas price peak during the Kansas(Spanish Flu) pandemic.

Year Nominal Price
Inflation- adjusted Price

2014 $3.30 $3.59
2015 $2.33 $2.54
2016 $2.07 $2.22
2017 $2.33 $2.46
2018 $2.63 $2.70
2019 $2.50 $2.52
2020 $2.58 $2.58



Gas Price Peaks

Date Inflation-Adjusted Highs
1918 $3.92
1934 $3.35
1938 $3.35
1981 $3.51
2008 $3.54
2012 $3.66

Lowest Inflation-Adjusted Price of Gasoline–
$1.61 in 1998

Date Inflation-Adjusted Lows
1931 $2.89
1947 $2.66
1972 $2.22
1998 $1.61
2009 $2.77
2016 $2.22
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