Paul KrugmanNov 23, 2022
It's Thanksgiving weekend. I'm not driving, but many Americans are, confronting gasoline prices that ... aren't all that high 1/
Show threadPaul KrugmanNov 23, 2022
Taking the historical perspective, here's the gas price relative to wages, which is higher than 2014-2020, but not in a longer-term view 2/
Show threadPaul KrugmanNov 23, 2022
And as some have pointed out to me, mileage has risen a lot over time, so the actual cost of driving isn't especially high at all 3/
Show threadSteve
@pkrugman I'd be interested in understanding that chart better - is that based on mileage driven, an average of all manufactured cars, an average of all sold cars, something else?
Nov 23, 2022 at 1:59pmWeb