Gas sticker shock

I recently bought regular unleaded gas at $3.14.9 a gallon. Yikes!

But this chart indicates that the price of gas, adjusted for inflation, is not way out of line.

I commend to you two useful discussions of the subject of gas prices: first, Power Line's attack on the Senate Republicans' noxious bill called the "Gas Price Relief and Rebate Act of 2006," and second, Soccer Dad's discussion of market forces and politics in a post called "Logic Rationing."