From MSN
10 things you should know about gas prices - MSN Money
Gas prices have dipped slightly since hitting a record national average high of $3.227 on May 24. When adjusted for inflation, the 1981 price was a bit higher, at $3.29, according to the Energy Information Administration, an independent research arm of the U.S. Department of Energy. Factor in gains in average fuel efficiency -- 21 mpg today compared with 15 mpg to 16 mpg in 1981 -- and we're spending less on gasoline today: less than 3% of gross domestic product compared with 4.6% in 1981.
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