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To: xzins
I'm not defending their use of hedonics for gasoline, or much of anything else, but I think, for gas, they have a point.

The government mandated adding MTBE to gas. That raised the price. You can't blame that rise on inflation. That was due to government idiocy.

Maybe they need a government idiocy index, to show how much of our daily expenses are due to stupid regs and taxes?

151 posted on 02/21/2014 3:05:40 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot; khelus

Gasoline costs me what gasoline costs me, Todd. It’s only utility for me is being in my tank and making my car go. No matter what they add its utility doesn’t change, it is the only item that works for what it does in my engine, and telling me that their additives actually mean my price has gone down when the price at the pump is UP is nothing more than irrational IF THEY are trying truly to find if MY COSTS have gone up.

If you tell me that “angus” sirloin costs 50 cents a pound more than non-angus sirloin, and I choose the angus, then fine, tell me I’ve not really had a price increase because I chose a more expensive product when the same thing was available cheaper.

But...gasoline? What else will I put in my tank...water?


155 posted on 02/22/2014 3:57:03 AM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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