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USA gasoline prices adjusted for inflation. [Copy link] 中文

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Post time 2005-8-14 03:20:30 |Display all floors
The chart shows that prices aren't as high today as they have been in the past.  However, looking at the past, it's clear that high gasoline prices occur with bad times, economically and otherwise.

The 30's in USA were known for very high unemployment.

The upward spike just before 1950 is the post-WW2 recession.

The increase in prices during the mid-70's coincided with a 40% bear market and the resignation of Richard Nixon in 1974.

The sharp spike in the early 80's represents the most severe recession in the USA since the Great Depression.

The 2000 upsurge was associated with the crash in the equities markets, and a recession in 2001, and the price keeps rising.

So what lies ahead for the USA?
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