Quote:
Originally posted by Undertoad
Higher prices now will have more of an effect on the economy in November than prices in October. The book was written before the prices increased. Oops.
|
The problem is that prices today just are not high. At $1.73 per gallon today, that is $0.84 in 1981. You do remember, gas prices in 1981 were over $1.00. I recall something like $1.20 per gallon. A $1.00 per gallon price in 1981 is $2.06 per gallon today. Gasoline prices are still low.