Magazine article New York Times Upfront

What Filling Up Really Costs

Magazine article New York Times Upfront

What Filling Up Really Costs

Article excerpt

As the article on energy reports, soaring oil prices--topping $145 a barrel over the summer--have taken a toll on the U.S. economy. As a result, gas prices rose above $4 per gallon in many parts of the U.S., and look to be heading toward $5, and maybe $6, a gallon.

Despite the understandable howls of pain at the pump, Americans actually paid almost as much for gas before: In real terms--i.e., taking inflation into account--gas cost about the same in the Late 1970s and early 1980s as it does now. Earlier this year, however, the record-high real. prices of that period were eclipsed.

ANALYZE THE GRAPH

(1) In how many of the years shown was the rear price of gas at least $2.50 a gallon?

a 4

b 7

c 10

d 12

(2) Which period saw the greatest change in the price at the pump?

a 1970-1979

b 1980-1989

c 1990-1999

d 2000-2008

(3) Gas prices in the U.S. rose--around the time of the first war with Iraq (1990-91). …

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