Gas is 1.89 in my area, what are the ripple effects of this era of cheap gas in America?

[Pipedream24]

BraveNewWorld said:

Chris Hu said:
Well it all good but I still remember when it was less then a dollar in the late 80s and most of the 90s (moved to the US in 1988). Milk went up a lot though less then a year ago there where still some places where you could get a gallon for 99 cents or $1.49 and most places had it for under 2 dollars. Right now the cheapest milk in my area is $2.59 for a gallon at Aldi.

Gas only seems cheaper back in the day because of inflation.

$1 in 1970 = $6.09 in 2014
$1 in 1975 = $4.39 in 2014
$1 in 1980 = $2.87 in 2014
$1 in 1985 = $2.19 in 2014
$1 in 1990 = $1.81 in 2014
$1 in 1995 = $1.55 in 2014
$1 in 2000 = $1.37 in 2014
$1 in 2005 = $1.21 in 2014

Gas was cheaper back in the day. When I received my license in 1994 gas was 79 cents a gallon. So it is still relatively more expensive at the current level.