Free Republic
Browse · Search
News/Activism
Topics · Post Article

Limbaugh says we aren't paying a lot for gas. So it must be true.


5 posted on 04/30/2006 2:00:38 AM PDT by KneelBeforeZod (I have five dollars for each of you)
[ Post Reply | Private Reply | To 4 | View Replies ]


To: KneelBeforeZod

"Limbaugh says we aren't paying a lot for gas. So it must be true."

Inflation adjusted we are paying less per gallon of gas than we were in 1970.


32 posted on 04/30/2006 8:09:44 AM PDT by jwh_Denver (Illegal immigration 24/7, the GOP ain't making it 24/7, Oil 24/7)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: KneelBeforeZod
We are not paying much compared to the Carter oil crisis, and to reach the equivalent, crude would have to be at $90 per barrel.

We are not paying diddly compared to Europe, as this article points out.

The oil companies are making 9 cents a gallon in profit on gas.

Sure sounds to me like Limbaugh is right. We are at or near the top of the high demand/low supply wave, and we will soon start down toward the high demand/high supply trough. The wavelength on these cycles is about 25 years.

46 posted on 04/30/2006 9:40:32 AM PDT by Mr. Silverback (TRY JESUS. If you don't like Him, the devil will always take you back.)
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson