Gas prices are going insane!!!!!!

[Fidatelo]

Originally posted by Kevin
The real piss off is that the oil companies will raise the pump price the second crude prices go up, but try to hold off on decreases claiming they have to use up old higher priced stock.

I think the real piss off is that in Canada we produce more oil than we use, yet our prices still depend on possible war on Iraq. Stupid global economy

[KWhit]

Bring on the Hydrogen economy, I say!

[JeeberD]

Thank god for Toyota Corollas that get 30+ mpg. It's at times like this that I'm glad I don't have a sports car or SUV...

[Anrhydeddu]

Originally posted by Anrhydeddu
Here's a little puzzle: Take the current prices and adjust it to 1980 dollars. Then compare that adjusted price to what we were paying back then (post-"enery crisis" years).

Ok, I'll solve this one myself.

Here's the adjust gas prices from Iowa (1980-1995)



In other words, in 1995, we were paying about half of what we were 15 years ago (it's probably about 40% higher now but still below what we were paying) - and people are complaining????.

In California, it is a little more extreme with current prices approaching early 1980s level, not because of the gas prices themselves but because of the extraordinary taxes they put on each gallon of gas.

[sterlingice]

In other words, in 1995, we were paying about half of what we were 15 years ago (it's probably about 40% higher now but still below what we were paying) - and people are complaining????.

I'm glad I live her instead of Canadia (you know, the 51st state). When I traveled through there a couple of years ago, I made the foolish mistake of filling up in Windsor instead of Detroit (then again, there was the whole stopping at a gas station in Detroit at about 1AM issue so I just think of it as Mounty Protection Money) and it cost something like 50c more per gallon.

Then again, places like Germany charge $5 a gallon so we're even luckier still.

SI

[Kodos]

Whenever I am bothered by high gas prices, I think about how much all the SUV-lovin' folks must be paying, and it makes me smile again.