...worst time for gas prices, not any sort of median. Take for instance 1929 during the great depression. People didn't even have money to eat, let alone drive. Use that as your baseline and even 1960 looks rosy in comparison.
It took billions in big, fat, juicy 1960's dollars to get to the moon. It took $115 million is scrawnly, little 1990's dollars to land a probe on Mars, which is much further away. That has to do with a tech explosion, but I digress.
This article also doesn't include indices on food or clothing which have also almost doubled in the last year, even though so much is now automated which drives the prices of goods lower. Compounding this is the availability of Chinese goods at significantly lower prices which drives small businesses out of business since the price of gasoline has increased the cost of the raw materials needede to operate. |
