Chart Of the Day

Gasoline prices continue to surge. Over the last two months, the average US price for a gallon of unleaded has shot up over 40 cents per gallon and has reached 22-year highs. However, when adjusted for inflation, it is clear that gasoline prices still have more to go before they reach the inflation-adjusted peak of $3.11 that occurred back in 1981. However, as the chart illustrates, that gap is closing