Real cost of gasoline

[XiJung]

The previous high was $4.11 on July 17, 2008, according to AAA. That would come to around $5.25 today when adjusted for inflation.

https://www.usatoday.com/story/money/2022/03/08/gas-most-expensive-us-history/9404939002/

[SheltieLover]

1. Welcome to DU.

[XiJung]

2. ty n/t

[live love laugh]

3. So you're justifying the prices?

[XiJung]

6. Huh? What?! n/t

[live love laugh]

9. Not you but the article... two years ago prices were $2 less

or even greater.

I think that looking back to 2008 and attaching inflation as as a singular driver is relatively meaningless when there’s so many other factors at play.

[jalan48]

4. Actually, that cost doesn't include the cost of the environmental destruction caused by the burning

of fossil fuels. Capitalism views the exploitation of natural resources as free from external environmental costs.

[iemanja]

7. Or the subsidies

The real cost is much higher.

[jalan48]

8. Yep, corporate welfare.

[AlexSFCA]

5. real cost if gasoline should account for human lives