Gasoline prices are at an all-time high in the United States today. Even though this price pales in comparison to the prices paid in some other countries around the world, it can no longer be reasonably argued that the price we pay at the pump today in the U.S. is a bargain.

In recent times the price of gas hovered around $3.20-$3.30 a gallon. Then, we used to be able to argue that this price was not an all-time high when based on the price adjusted for inflation. It is true in parts of this 50’s, 60’s and ’70s gasoline prices were higher than $3.00 a gallon if we adjusted the dollars for inflation. » Read more: Do you know, Why Are Gas Prices So High?