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Adjusted For Inflation, Gas Prices At All-Time Low

Mon., March 9, 1998

Gas prices have plummeted so low, they are now at the lowest recorded level in their history, an industry analyst said Sunday.

The average all-grade pump price has dropped nearly 3 cents since Feb. 20.

When the figures are adjusted for inflation, it means customers are getting the lowest price ever.

“The decline since September qualifies as a price crash, and the pump price on average is now lower than it’s ever been since the beginning of the gasoline market, taking inflation into account,” analyst Trilby Lundberg said.


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