Quote:
Originally Posted by chadrcr
The price has more than doubled in 2 years... the price is way too high.
gas was less than $1.00 per gallon in 1998 in the summer. That was low. Layoffs in the oil fields in west Texas, half of the town unemployed and moved away. 2003 gas was $1.50 per gallon, some of the jobs were coming back. 2005 Before Katrina , gas was still under $2.00 and a year after Katrina (2006) it was back down to $2.00. Now, at $4.30 it is adversely affecting our economy, unless you are an oil executive.
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After doing a little research I was wrong to say that it was somewhat high. It is at a historical high right now. But 1998 was a historical low - $15.70/barrel in todays money. Thats lower than in the post war days, lower than the muscle car era, lower than any other time since people began recording this stuff. The average has normally been around $30/barrel
Gasoline prices are much the same story. The historical average is about $2.50/gallon in 2008 dollars. And 1998 gas cost the equivelent of 1.35/gal or so.
So you are comparing one extreme to the other. But you are correct in that it is changing your economy. Perhaps instead of shiping goods from California to New York (or vice versa) it could be made locally. And instead of using trucks to move goods, trains and water ways could be used. This would reduce conjestion on busy highways. And maybe instead of going to home depot, people will just go to a local hardware store. These are just a few examples, there are plenty more.