Real Price of Gas Falls to Five-Year Lows
Mark J. Perry submits:
The cheapest gas in the country can be found in Kansas City for as low as $1.29 per gallon, and the national average retail price for gas is now down to $1.75 per gallon. Without the high-priced states of Alaska ($2.60) and Hawaii ($2.57), the national average for the other 48 states is down to $1.72 per gallon.
Using real gas prices from the EIA (in December 2008 dollars), the chart above (click to enlarge) shows how today's gas prices compare to past prices.
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The cheapest gas in the country can be found in Kansas City for as low as $1.29 per gallon, and the national average retail price for gas is now down to $1.75 per gallon. Without the high-priced states of Alaska ($2.60) and Hawaii ($2.57), the national average for the other 48 states is down to $1.72 per gallon. Using real gas prices from the EIA (in December 2008 dollars), the chart above (click to enlarge) shows how today's gas prices compare to past prices.
Complete Story »
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