Paul KrugmanIt's Thanksgiving weekend. I'm not driving, but many Americans are, confronting gasoline prices that ... aren't all that high 1/
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/
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/
Christopher Walker@pkrugman this is especially true if you drive a hybrid. The car I drove when gas was $1/gallon got around 16 mpg. Now I get north of 48, so my cost per mile is about the same without even adjusting for inflation.