Reality Check

OK, so gasoline is 2.30 per gallon now. According to the news, that's a record high price (in the USA). It was $1.20 in 1980, In 1980 dollars, today's gas would cost $1.01. In other words, today's gasoline prices are NOT record-high. $2.73 would match the 1980 cost.

Huh?

This Cost-of-Living Calculator can help you compare prices from the good old days to prices in any other good old days (between 1913 and now).

This might help:
Something that costs $1 in 2004 would have cost $ .10 in 1945.
2000 .92
1995 .82
1990 .70
1985 .58
1980 .44
1975 .29
1970 .21
1965 .17
1960 .16
1955 .14
1950 .13
1945 .10