To quote Stein's Law, "If something cannot go on forever, it will stop." Of course, when it will stop is the big question.The really interesting thing in the graph is that until 1998, the long-term trend for real gas prices was down.
Saturday, July 05, 2008
A Graph of Gas Prices Since 1919
Remember those really, really high gas prices of the late 1970s and early 1980s? Well, we're past that and still climbing. From the U.S. Energy Information Administration:
To quote Stein's Law, "If something cannot go on forever, it will stop." Of course, when it will stop is the big question.
The really interesting thing in the graph is that until 1998, the long-term trend for real gas prices was down.
To quote Stein's Law, "If something cannot go on forever, it will stop." Of course, when it will stop is the big question.The really interesting thing in the graph is that until 1998, the long-term trend for real gas prices was down.
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