One major error: "The first thing to point out is that expensive gas in 1996 was $2.29 a gallon. These days that gas price looks incredibly cheap. "
In fact $2.29 a gallon 27 years ago was much more expensive than today when you factor Inflation in.
$2.29 in 1996 is equivalent to $4.33 today, much more than the national average today of $3.48 a gallon, and almost as much as the average price now in California.
One major error: "The first thing to point out is that expensive gas in 1996 was $2.29 a gallon. These days that gas price looks incredibly cheap. "
In fact $2.29 a gallon 27 years ago was much more expensive than today when you factor Inflation in.
$2.29 in 1996 is equivalent to $4.33 today, much more than the national average today of $3.48 a gallon, and almost as much as the average price now in California.
Here is a calculator that lets you choose the start year, end year, and dollar amount at the start: https://www.in2013dollars.com/us/inflation/1996
Otherwise an interesting presentation.