Some things never change
Yes, gas prices are really, really high. In fact, almost everything is more expensive—in real dollars—than it has been at any time in the past. There is an exception, though. If the pain at the pump is getting to you, take consolation in knowing that the price of stamps is at least stable— in fact, the real cost is down from 1976.
Gallon of gas, First-class stamp, Median new-home price
1960, $.31, $.04, $16,500
Price in 2006 dollars, $2.08, $.27, $110,873
1976, $.59, $.13, $48,000
Price in 2006 dollars, $2.06, $.45, $167,789
1987, $.95, $.22, $127,200
Price in 2006 dollars, $1.66, $.39, $222,712
2006, $3.13, $.39, $355,000
Sources: Consumer Flashback, American Institute for Economic Research Cost-of-Living Calculator