Joined: Sun 11-09-2003 1:35AM Posts: 1145 Location: novus cella
Source: Triangle
I know its no big deal, but gas prices have fallen at least a dime. Whats the cause for this? Everyone was saying it was going to be at least three dollars at the end of summer. Whats the cause for this blessing?
Most likely it has to do with the end of winter. Refineries are begining to put more of their capacity into gasoline production instead of heating oil.
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Joined: Tue 09-11-2001 2:34PM Posts: 1084 Location: Off Campus (i.e. not hell)
Source: Off Campus
Interesting magazine article I read the other day. Can't remember where it was. But they took gas over the last 80 years or so, and adjusted prices for inflation. Gas is actually far lower right now than it has been for the majority of the 80 years. Even in the 70's and 80's.
If you then take this newly found price after inflation, and compare it to percentage of average yearly wage of an individual over the same time period, we're still at the lowest period ever.
Moral of the story: it's not so bad.
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we also have more expenses considered nigh vital to be a member of society (internet, cell phones, cable tv (to an extant), etc) so that measure is somewhat flawed.
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