[Dog Gone]

Remember a few years ago when gas was selling for 80 cents/gal? The oil companies AND the retailers were making a profit while taxes were 40 cents on a gallon!

I remember. That was when oil companies were going bankrupt or seeking mergers to survive.

That was when the companies in Alaska were producing oil at a net loss, but to shut the wells in would have killed them.

That was when there weren't any profits and only losses, but armchair economists like you never noticed.

You were still bitching that gasoline was 27 cents a gallon like it was when you were a kid.

[frannie]

My memory is not what is once was and I am a novice at the computer. I have a great deal of difficulty when I try to research any facts

I think a good idea would be for some one to look up, not just from memory, what the minimum wage was when gasoline was 27 cents a gallon. Perhaps check other minimum wages against the price of Gas.

Minimum wage is, as you know, is $5.15 per hour. Even those who work in Fast Food business are paid more than that. I have to pay $10.00 an hour for workmen to come in and help me in my yard. Cash that is.

[Rte66]

The OP wrote:
Remember a few years ago when gas was selling for 80 cents/gal? The oil companies AND the retailers were making a profit while taxes were 40 cents on a gallon!

And you replied:

"I remember. That was when oil companies were going bankrupt or seeking mergers to survive.

That was when the companies in Alaska were producing oil at a net loss, but to shut the wells in would have killed them.

That was when there weren't any profits and only losses, but armchair economists like you never noticed.

You were still bitching that gasoline was 27 cents a gallon like it was when you were a kid."

And I say:

Thank you!