crude oil at $73/bbl. anyone know what the inflation-adjusted record is?

[unblock]

of course this is a high in nominal dollars, but the record in inflation-adjusted dollars is still "in the $80s" according to reports i've seen.

does anyone have a more precise number?

[n2doc]

1. $97 back in 1979

[unblock]

2. thanks. i guess that gives shrub a bit of room

before he gets completely tarred with the "carter" label.

[kahleefornia]

3. what happened in 1991?

bit of a spike there. oh wait - was that the first Gulf War??? I'm not being sarcastic - I'm just not good with dates, and besides, I was in high school at the time, so I wasn't really into politics.

[newportdadde]

4. First gulf war. I was a freshmen in HS and remember seeing 1.14 in OK.

My dad couldn't believe gas was so high.

[Jacobin]

5. In 1965

I was 15 and worked at a gas station during the summer. Gas was 33 cents a gallon. The minimum wage was 50 cents an hour.

Gas now is about 3 bucks. Minimum wage (federal anyway) is $5.15 or so.

Do the math. For what its worth.