Tuesday, June 5, 2007

"Fairly Cheap" Gas Prices

Several interesting new pieces have come to our attention at CARE that will shift our topic away from gas prices--just as the prices are dropping. But before we move away, we want to offer you this insight from Alex Economides, edtor of The Energy Tribune.

Despite the rhetoric that has spread widely throughout the news, gas prices are still low by historical standards. This graph represents a very fair estimation of the actual cost of using gasoline over its history. By using real dollars, and factoring in the contribution that gasoline prices pay to our economy, it can be seen that prices are still fairly cheap.

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