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You Know, When Adjusted for Inflation, the Price of Oil...

Aug. 31, 2005 11:22 AM ET
Roger Nusbaum profile picture
Roger Nusbaum

I heard Bob Froelich go down this road earlier today, writes Roger Nusbaum, talking about oil at $70 versus where it would need to be to compare to 25 years ago.

We have been hearing about this point for many months now. I am not fond of this line of thought or, depending on how its used, justification.

I don't want the worst period in our country's history for energy prices to be the benchmark. If the inflation adjusted number is $100, how relieved will you be if it only goes to $92? Does it ease your mind to know if it costs you $52 to fill your SUV now, you only have $13 to go before your 1980 station wagon equivalent?

I find the whole thing to be silly. If a year ago it cost you $32 to fill your car and now it costs you $44, you either have a hardship or you don't regardless of what was going on 25 years ago.

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This article was written by

Roger Nusbaum profile picture
Roger Nusbaum is the ETF Strategist for AdvisorShares. This Arizona-based professional has over 25 years of industry experience. He is also a well-known financial commentator covering ETFs, retirement planning and portfolio management for AlphaBaskets.com and at TheStreet.com. We think Roger is particularly insightful on exchange-traded funds, risk management and investing in international markets. Visit Roger's work at TheMaven (https://www.themaven.net/etf/) and AlphaBaskets (http://alphabaskets.com)

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