Gas Prices... Just as I Suspected

I was thinking that gas prices have been getting low enough that they should be making some records when you adjust for inflation.  I found this graph that I thought was interesting enough to share for two reasons.  First of all, gas is now cheaper than it was 50 years ago when you adjust for inflation.  Secondly, the graph shows how much the dollar has inflated.  The dollar is basically worth half as much as it was 25 years ago.

Figure courtesy of Wall Street Journal.  Check out  http://online.wsj.com/article/SB122722595127246035.html

for the whole article.