…But Why is Gas so Expensive?

Well, actually, gas is expensive but that’s a relative condition. In another light, gas is actually cheap.

Once Upon A Time and Long Ago (just after WWII)…

* National Debt: ~$253,000,000,000.00
* Car: $1,650
* Gasoline: 25 cents/gal
* House: $14,500
* Bread: 14 cents/loaf
* Milk: 84 cents/gal
* Postage Stamp: 3 cents
* Stock Market: 200
* Average Annual Salary: $3,600
* Minimum Wage: 40 cents per hour

Here’s some recent figures for comparison:

* National Debt: ~$11,000,000,000,000.00 (up by 43X)
* Car: $28,400 (up by 17X)
* Gasoline: 250 cents/gal (up by 10X)
* House: $207,000 (up by 14X)
* Bread: 327 cents/loaf (Up by 23 X)
* Milk: 428 cents/gal (Up by 5X)
* Postage Stamp: 44 cents (Up by 14X)
* Stock Market: 8000 (Up by 40X)
* Average Annual Salary: $37-40,000 (Up by 11X)
* Minimum Wage: 6.55 cents per hour (Up by 16X)

So, actually, if we compare the cost of gas against minimum wage, we might expect gas to be selling for $4/gal. Of course, that doesn’t tell the whole story. There are other questions to be asked, such as who is making what profit where, and is that reasonable in light of the way politicians have structured laws that govern the way that business runs.

While you are looking at the banking industry bailout, actually, the wall street fat cats bailout as approved by the Washington fat cats in charge of printing money, you should be asking how the stock market got to be valued at 60X two years ago and why it is still valued at 40X.

You could ask yourself how the politicians were able to accomplish the soon to be announced recovery without prosecuting any of the people who defrauded the market (except Bernie Maddoff, but he was just a thief). Strangely enough, the very people who caused the economic collapse still, mostly, have their jobs.

You might also take a gander at the National Debt and figure your portion of that pie… …recognizing that the National Debt really only represents a small portion of unbudgeted Government obligation. Then you should ask yourself if there is any way you can escape inflation.

From 1930 until present, GDP has increased by 126 X’s while the National Debt has increased 687 X’s.

20% of the working population earned less than $20,000 last year. The unemployment rate is 8.9% Since that figure was calculated the US economy lost another 632,000 jobs which Wall Street touted as “US job picture Brightens a Bit” and “Total Jobless Claims Post Decrease” because that was the least number of jobs lost since last November. In other words, the headline should have read “Total NEW Jobless Claims Post Decrease”.

Gaze upon http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html and don’t be surprised at $3/gal, banker tankers or not. Then the glut and end of summer will ease demand, just in time for the government to raise taxes on gasoline to support infrastructure and the creation of jobs. …for the children. :-)

[...] Why IS gas so expensive? [...]

[...] Why IS gas so expensive? [...]

Is there manipulation in the market? No doubt. But when it comes to fuel prices, we have it easy here in the States, compared to Europe. The Europeans tax the daylights out of it to spur conservation, and it works. The cars Europeans drive already achieve the not-so-lofty future goals that our government has set out for us … and they do it without hybrid technology.

Well, in the UK, Gas is about £5 per gallon, so that probably the equvilant of something just over $7 per gallon.

good math numbers.

nice ty for the article

[...] Why IS gas so expensive? [...]

And if we continue to tolerate being fleeced, we’ll wind us like those spineless European swine – being swindled and sodomized on a daily basis! It’s time to stand up and proclaim: “We ain’t gonna take it anymore!” Let’s all muster up a little courage, shall we – and rebel!

[...] Why IS gas so expensive? [...]