What do you think is a reasonable price to pay for gasoline?
2 comments December 15th, 2008
Gas prices are as low as they’ve ever been. When I started buying gas in 1966, I paid 33 cents a gallon. Using the Federal Reserve Bank of Minneapolis’s handy-dandy inflation conversion chart,I should be paying $2.20 a gallon today. Instead, I’m paying $1.55.9.
So, if the roller coaster peaked at $4.59 in July, it could go lower. But eventually prices will stabilize.
What do you think is a reasonable price to pay for gasoline, today, and during the next five years?
