The Real Price of Gas

The Motley Fool comments on this chart saying: "There are two big takeaways from the chart.

One is that gas prices are much higher today than they were during the 1990s and early 2000s. There's no disputing that.

The other is that real gas prices are no higher today than they were a decade ago. That's largely due to two factors. In 2003, the average new passenger vehicle got 29.5 miles per gallon, while today a new car averages 35.6 MPG. And annual miles driven per capita has declined 5% over the past decade."

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