A Look At Gas Prices

Gas prices feel very high right now ... but are they? Well, obviously, yes. But, the degree is less than most of us would guess. 

schi854 via usinflationcalculator (Interactive Version)

This chart shows the real cost of gas based on inflation. It also goes back to 1992. It makes a pretty obvious case for inflation being the real culprit. That being said, the rise is still worth watching. On the one hand, the rise in gas prices isn't unprecedented; on the other hand, a surge this sharp has only happened five times in the past 30 years ... and it's been over a decade since the last time it happened.