November 13, 2013:  Gasoline Prices adjusted for inflation are down significantly from their recent highs.  A slow global economy plus new supply in the US from "fracking" while tensions in the Middle East have returned to their normal simmer have all helped to push inflation adjusted oil prices to lows not seen in well over a year.

From Chartoftheday.com¹

Today's chart provides some long-term perspective in regards to gasoline prices by presenting the inflation-adjusted US price of one gallon of gasoline since 1980. There are a couple points of interest from today's chart. For one, Middle East crises are often associated with major swings in the price of gasoline. Also, gasoline price spikes have often occurred prior to an economic downturn. It is also worth noting that gasoline prices have declined $0.65 per gallon over the past eight months -- a relative positive for both the economy and corporate earnings going forward.