The History of Gas Prices

While riding on the bus and listening to NPR like the wonderfully responsible green citizen that I am, I heard a very interesting story on the history of gas prices. It is the first 10 or so minutes of this podcast of All Things Considered. I suppose I had subconsciously known the prices go up and down depending on the season, wars around the world, and other non supply/demand factors. What I had not yet thought about was how the media and politicians react over the long term. Of course there is an immediate response. But then the expectation is the subject getting put on a back burner. A natural dip in price occurs and when the price climbs up again somehow there is a surprised reaction. Perhaps I’m more sensitive to stories relating to cars and transportation now. Had you noticed this trend in the reaction of gas prices?

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