29 Aug 2003 Historically, Gasoline Prices Are Not Expensive, Says Cato Institute

States Attorneys General have received nice publicity for themselves by calling on the federal government to investigate the cost of gasoline, neatly implying that something fishy is going on while simultaneously admitting they have no evidence any crimes have been committed. Meanwhile, the Cato Institute has published a paper by Steve Moore and Phil Kerpen pointing out that in historical terms, America had higher retail gasoline prices as recently as 1985, and significantly higher prices from 1979 to the mid 1980s.