Mark J. Perry, in an article at Seeking Alpha, states that the real price of petrol is nearing its historic lows. As can be seen in the following graph, the inflation-adjusted price of petrol is almost lowest it has ever been. Absurdly, this kind of energy is now cheaper than ever while only a couple of months ago it was the most expensive ever.
The good consequence is that this will help lift the economy when the time comes.
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