I see the media has again taken to spewing about "record" oil prices. So I'd like to take the time to remind everybody, again, that $62.55 is not the most ever paid for a barrel of oil after adjustments for inflation. $94.48 would be.
Which isn't to say that gas prices aren't high and that they aren't impacting our economy negatively. They are high and there is a negative impact on our economy, but what may be causing more of a negative impact is all this media hype about "record" oil prices.
I'm sure it makes for good copy, but unnecessarily alarming the public doesn't do anybody any good.
Record Oil Prices Nonsense
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