You think gas prices are high, adjusted for inflation

[doc03]

going back to 1980 they are nearly at a 40 year low.

https://www.yahoo.com/autos/gas-prices-theyre-lower-think-162200270.html

[JohnSJ]

1. That will not be how the average Joe will view it whenever they go to the pump

[Shermann]

2. Yeah, because they are being gaslit! nt

[JohnSJ]

3. No, because they see they are paying significantly more at the pump than a year ago

[Shermann]

4. Well oil was literally worth less than zero for a while there in 2019

All good things...

[albacore]

5. I just looked it up on an inflation calculator.

If you bought a gallon of gas for $1.25 in 1980...
...and calculate inflation...
That gallon would cost $4.26 today.
It obviously doesn't.

[DBoon]

7. It does in California

where the middle class drives a Prius and the affluent drive a Tesla

[Brainfodder]

6. Only if pay had kept up....

Minimum wage should be around $25/hr.....

Assholes continue to prevent even $15 and that's still 40% too low.....

That's pre-tax and depending where you live, could lose nearly half to all the taxes, so that balanced in, yikes!

People are being played YUGEly!

These evil congress people are making what $88/hr+ these days pre-bribes and all that, what real value are we getting?

[modrepub]

8. It's Mitch McConnell's Fault

Why hasn't he done something?!?