Regular Gasoline $1.58 at the Exxon
And since it is widely known that the price of gasoline is set by turning a knob located somewhere on Karl Rove's desk.....or is it Dick Cheney's desk?.....then maybe a big, fat "Thank You" from everybody is in order.
I just love how us guys in the oil business are "gouging" the poor consumer whenever the price is over $3 per gallon, but when oil drops below $40/bbl then it is "the market".
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6 Comments
An interesting exercise is to use Tom's Inflation Calculator. I was in college in the 70s. A gallon of gas costing 60ยข then is $242.51 now.
The first really good and cool car that I bought, in 1983, that superlative crumpet catcher, a Toyota Supra, is in today's money $33,000.00. Which is about 60% of the fancy one that I have now. Real prices are not out of hand.
Inflation, however, is. Inflation is a tax on savers and a reward for the imprudent, who borrow money to be paid back in cheaper dollars. My major worry about this administration is that it will be tempted into inflation to dig its way out of debt and thereby destroy the savings of people, making them even more dependent on government. Slavery by other means.
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Merry Christmas to you all!
Arltices like this make life so much simpler.
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Indeed. They're whining children and drama queens. Scattershot accusations are easier than lucubration.