Photo Source:
Energy Information Administration
Inflation-adjusted (real) and contemporary (nominal) gasoline prices have fluctuated significantly since the late 1940s.
How have changing prices correlated with other historical developments, such as the 1970s energy shocks, the rise of sport utility vehicles, and the development of fuel efficient or electric vehicles?
In what ways might this price history explain why fuel efficient vehicles have not been more widely adopted since the 1970s?
Library Item Date:
2012