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5.18.2004

Sky high 

Gasoline prices have hit a record high -- that is, if you don't adjust for inflation.

From 1986 on, the average price of a gallon of gas in Texas was about $.60 in 1979 dollars. Right now it's maybe $.68 in 1979 dollars -- a 13% increase.

Of course I'm all for conserving natural resources and minimizing pollution and not putting cash into the coffers of corrupt Saudi rulers, but let's not get carried away.

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