Wednesday, July 16, 2008

Affordability of gasoline is at 1960 levels

The Cato Institute has a great blog post looking at the gasoline affordability index. As hard as it is to believe, today's gasoline affordability is the lowest it has been since 1982. That puts the affordability equal to 1960 levels. Cato says one reason for increased affordability is due to the rise in disposable personal income.

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