… Actually, it never left.
That’s right, faithful reader, that $3.899/gallon gasoline is still amazingly cheap.
That’s what yr (justifiably) humble svt paid yesterday to put 15 gallons of ExxonMobil’s 87 octane best into his mid-size sedan’s tank. Do the math. A Sunday paper less than $60.
Amazingly cheap, right?
I’ve seen this argument before; that compared with much of the rest of the world (except places like Mexico and Venezuela, where domestic prices are kept artificially low for political reasons), U.S. residents pay proportionately less to fuel their minivans and SUVs than most.