Real gas prices have barely increased in 30 years, but neither have wages

Awesome article from the Motley Fool arguing that gas prices really aren’t that high which concludes,

I hope this presents the other side of the argument — that neither OPEC nor oil companies are the direct cause of your pain at the pump. It’s really a combination of poor wage growth and a disassociation with the effects of inflation that have people on edge about gas prices. We really don’t pay very much for gas relative to other industrialized countries, and we should be thankful for the current level of gas prices.

The article points out two of my favorite little facts: 1) gas taxes are relatively low and 2) real (inflation adjusted) wages in the United States haven’t increased in the last 30 years. And yes, that last point gets the heart of the 99% movement.