Archive for May, 2008

What if gas cost $10 a gallon?

May 16, 2008

In four years, U.S. gas prices have doubled to more than $3.70 a gallon, and crude oil has tripled to around $125 a barrel. Allowing for inflation, that’s higher than prices were during the 1978
–83 oil shock that triggered a recession and sky-high interest rates.

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