In real terms, Americans are now paying as much or more for gas today as they were during the worst days of the oil-supply crunch after the Iranian revolution.
Not entirely convinced you know. 1979 you had gas rationing I think. Thus Americans were paying huge amounts in lost time as they queued for gas. That doesn\’t happen now so I think it could be said that while sticker prices, adjusted for inflation, are about the same, real costs are not.