The media is pulling out all the stops to get people in a frenzy over gas prices. They love a crisis (Jimmy Carter must have been a dream). When gas went over $1 in 1977, the equivalent in today's dollars is $3.81/gallon. Not that I don't care about gas prices, but I don't see it as anything to scream about, either. The price of the car itself, the insurance, and maintenance cost a whole lot more.
Even at $10 a gallon, still beats walking!
Has anyone noticed the cost of shipping on goods from appliances to grocerys have gone up noticably as well? We are paying far more out of pocket to fill up our gas tanks that just the cost of driving.
And why has diesel fuel suddenly become more expensive than gasoline? The cost of refining diesel is much less and can be derived from lower grades of oil more economically than gasoline.
And a failed corn crop in the midwest because of drought will not help the ethanol industry.
We are one refinery disaster away from $5.00 gasoline.
You have a point. If gas crept up a few cents every week, people wouldn't notice as much. It's the ten and fifteen cent swings that get me.
If the oil companies continue to break records on profits, the people of this country will eventually get wise and say "WTF?" I thought there was a shortage of some kind here? Maybe. just maybe congress will start looking out forthe little guy.
Amen. Gas is a bargain.
And political fanactics are doing all they can to spin the issue. If we had a demoncrat president, the folks on this board would be screaming just as loudly as the leftists are now about high gas prices.
When gas went over $1 in 1977, the equivalent in today's dollars is $3.81/gallon
Another political talking point. Why not compare to an average price or median price over a given time frame, instead of the inflation-adjusted peak?
Not that I don't care about gas prices, but I don't see it as anything to scream about, either
Save the screaming for when peak oil production hits.