Gas prices

Monday, May 22, 2006

One of my soapbox items for the press is their failure to report historical prices/costs on a real basis. This is a disservice and misleads people. Over the last year there's been a lot of discussion about oil prices. Today I searched/found a good/short article on gasoline and oil prices from the American Petrolium Institute that reports on a real basis. The bad news? On a real basis, we are indeed near (but not quite at) historical record highs for gas at the pump...

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