What happened to the politics of Gas Prices? (Hugo Chavez, Iran, Iraq)
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However, notice how much gasoline prices in U.S. have jumped during the Dubya Administration (from about $1.50 to about $2.80/gal).
The nominal price per gallon was basically flat from about 1986 to year 2000.
$1.50? I could have sworn it was around $1.10 the time Clinton left the White House
And it is hard not to have the Bush/high oil prices comparison, all his top donors were from the big oil companies, I am sure there are plenty in Bush's family who have millions in oil stocks as well as under the table money
$1.50? I could have sworn it was around $1.10 the time Clinton left the White House
And it is hard not to have the Bush/high oil prices comparison, all his top donors were from the big oil companies, I am sure there are plenty in Bush's family who have millions in oil stocks as well as under the table money
But prices were high during Carter and fell during Bush I, Reagan, Clinton.....
If your assertions are true, why then is Congress not doing anything about it?
Where? They are as high now as they were a year ago! Still 3 bucks a gallon is OUTRAGEOUS!
Give me a buck a gallon and I might not say too much.
People want $2 movies, 25 cent hamburgers and Notre Dame to be the dominant football team in the United States too.
There are more people, driving more, not just here but around the world. Supply and Demand.....like trying to buy tickets to the Superbowl....I want to go but will only pay $50 a ticket....otherwise it's outrageous.
People want $2 movies, 25 cent hamburgers and Notre Dame to be the dominant football team in the United States too.
There are more people, driving more, not just here but around the world. Supply and Demand.....like trying to buy tickets to the Superbowl....I want to go but will only pay $50 a ticket....otherwise it's outrageous.
Amen! Especially about Notre Dame
In order for $3/gal to be considered "outrageous," you'd obviously have to be comparing it to something cheaper. So what do people think it is outrageous compared to? Compared to prices in 1993? Or compared to how prices are in the rest of the world?
People want $2 movies, 25 cent hamburgers and Notre Dame to be the dominant football team in the United States too.
There are more people, driving more, not just here but around the world. Supply and Demand.....like trying to buy tickets to the Superbowl....I want to go but will only pay $50 a ticket....otherwise it's outrageous.
I dont want Notre Dame to be the dominant team in football, and the difference is all those things you mentioned grew with genuine inflation, 25 Cent hamburgers were 40 years ago, $2 movies were 25 years ago(and you dont need to watch a movie to survive), Oil prices are at the highest price they have ever been and at a rate that isnt consistent with inflation, is it a coincidence this happens under Bushs watch? I dont think so
I dont want Notre Dame to be the dominant team in football, and the difference is all those things you mentioned grew with genuine inflation, 25 Cent hamburgers were 40 years ago, $2 movies were 25 years ago(and you dont need to watch a movie to survive), Oil prices are at the highest price they have ever been and at a rate that isnt consistent with inflation, is it a coincidence this happens under Bushs watch? I dont think so
Your cart is pulling your horse here. Inflation is not a static measure....it's a measure of a basket of goods. Some goods go up a lot some actually go down over a period of time...ON AVERAGE looking at a basket of thousands of items they've increased somewhat steadily but to make claims about how inflation should uniformly impact goods is like saying carrying umbrella's causes it to rain.
Here are some examples:
Atkins diet craze caused beef prices to soar while demand for things like Bread (and it's price) fell. See, this is that crazy supply and demand market force at work again.
Big push for Ethanol....farmers plant lots of corn....and fewer soybeans....what do you think happened to soybean prices? Do you think they followed "genuine inflation" whatever the heck that means.
Copper prices doubled due to Chinese construction demand.
Fur prices collapsed during the big anti-fur campaigns where people stopped buying real fur.
Housing prices in Florida doubled in 5 years and then reversed course and are falling back to earth.
To make your case, you need to show how demand and production have been level for oil and that for no reason at all gas prices have shot up in the last 6-7 years.
Even though our gallon is a bit bigger than your gallon our gallon is over ten bucks, how would you like that?
Kind of a UK problem isn't it?
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