| > State gasoline price passes $3 mark again
| So? In Canada, I just paid $1.03, for a damned litre, and it's even
| (1.11 in Vancouver) in other Provinces.
Last Saturday it was 1.01 in Toronto, but 87c in Coburg. I can't
figure that one out :-)
Isn't that strange? I've seen that myself too. I haven't been out today
yet, but I'm in Oshawa, and yesterday it was $1.03, so we'll see how much it
goes up due to "the weekend". Though, there was a time when (a few years
ago) gas was over .90 in one part of Oshawa, and .70 in another part (just a
few km's apart). Now a days though, I can drive all through Durham, and not
see much of a price difference. In Bowmanville, usually the prices are
exact, right down to the decimal (IE: 103.2). I'm actually surprised it was
cheaper in Coburg, as opposed to more expensive.
N> "Alan" <you're got to be joking> wrote in message
N> Isn't that strange? I've seen that myself too. I haven't been outN> todayN> yet, but I'm in Oshawa, and yesterday it was $1.03, so we'll see howN> much itN> goes up due to "the weekend". Though, there was a time when (a fewN> yearsN> ago) gas was over .90 in one part of Oshawa, and .70 in another partN> (just aN> few km's apart). Now a days though, I can drive all through Durham,N> and notN> see much of a price difference. In Bowmanville, usually the pricesN> areN> exact, right down to the decimal (IE: 103.2). I'm actually surprisedN> it wasN> cheaper in Coburg, as opposed to more expensive.
$1.04 in Sudbury.
A curious feature of prices here is that they move in a sawtooth pattern.
There will be a sudden leap of $0.08 followed by a slow decline over the
next couple of weeks. At some point, usuallly before the price has declined
to the previous low, the price will spike again by about $0.06 to $0.08.
Repeat, ad nauseum.
As others have noted, there is minimal variation in price among most gas
stations in town.
Criticism is easy; achievement is difficult. W.S. Churchill
To some degree, it isn't that gasoline went up, it is the value of the
currencies that is tanking.
Can't print all the bailout and corruption money without getting some
negative affect. It is called dilution. Dilution of the currency. Which
means you need more money to buy the same goods. It can be a major cause of
inflation. In this case, the rising cost of motion potion.
Dilution of currency works just like stocks. Say we own a company called
XYZ Corp, and it was representated a value of $1,000,000 dollars cash and
there were 1,000 shares out to represent the company. Well than makes each
share worth $1000.
Now the ass at the top says lets cut another 1000 shares and blow it on
bailouts and corruption. Now there are 2000 shares out, but the company
hasn't changed value at all. So each share is now worth $500. And you can
buy less with $500 than $1000.
Well currency is the same way. If Ottawa and Washington DC print/'create
money like insane mad hatters to blow on corruption, bailouts and waste,
because no one will loan the government money, it dilutes the currency.
When governments create money, it is creating inflation as there is now more
currency out there representing a smaller economy. This only works for
awhile, like paying off one credit card with another. But it is garanteed
to eventually fail real bad.
So not only do we have to bailout crooks like GM, we get to pay it off and
Think next time you vote for leftist-debtors to run a corrupt feel good
government be it president, prime minister, congress, senate or member of
BTW, governments are creating the money as they are in fact bankrupt.
Doesn't really mater any more as it is likely far too big now to stop
One product X may trade for = 1 currency = may trade for product 1Y
Double the quantity of X ; exchange value changes to 2X = 1Y or still one
Changing the quantity of currency doesn't affect the ratio of X for Y, only
the amount of currency.
But it makes a HUGE difference if one holds currency at a previous exchange
value of 1 currency for 1X or 1Y. If some entity (gov't since they are the
issuers of new currency) artificially changes the quantity of currency (lets
say to 2 currency). Now the prices will adjust to twice the quantity of
currency in exchange for either one X or one Y. However the process of price
change isn't immediate or even to all holders of currency. Those initial
recipients of the new currency get to buy at the old value of one currency
until prices gradually adjust to two currency. The first comers in the
receipt of the new currency are gov't and it's favored friends, banks, and
in our case auto manufacturers.
This is inflation and the process kills those farthest from the entrance of
new money, poor people, those on fixed incomes.
So the next time a politician speaks how much he cares for the poor and
elderly, call him a liar to his face. He if really believed what he spoke
he'd stop this grand theft immediately.
Yep, never said the process was instant. But none the less materially
correct. With twic as much currency representing the same economy, it will
adjust in time.
You are also correct about elderly. The people who get hurt the most are
the elderly who have saved for thir own retirement as old dollars no longer
carry the same purchasing value. Just makes them poor. Yep, politicians be
liars if they don't realize this. Every time the money supply has been
increased, inflation follows like clockwork.
Ironically government benefits the most paying off old devalued dollars with
new dollars as wages rise. But this time the size of it is like we have
never seen before.
The important point to keep in mind is when new money is added it must enter
the economy at some point first. It then spreads in stages throughout the
I neglected to add another point that the quantity of currency is not real
factor in an economy. Most essential is that the quantity does not change
appreciably over time. No matter what mankind selects as his money, a
gradual increase in quantity can be expected but history has shown that even
when gold is selected increases match population growth. This causes the
least amount of disruption and harm in an economy.
It is very rare that the average person has any knowledge of economics and
money. What is taught is mostly useless. If this could be changed the world
would be a much better place. Recessions/depressions such as this one raise
awareness. There are always some good and psoitive benefits from difficult
Huh? Quantity is a real factor in fiat currencies. I might agree with you
if the currency was backed with a constant such as gold, but it isn't.
If quantity is irrelivant, then why tax people at all and the government can
just print/create it all. Heck, why not have everyone leave industry and
the farms and work for the government?
A most recent example where this was tried was Iceland. Look it up. As
much as an irrational loser debtor might want it to be so, the fact is you
cannot print or spend your way out of debt. Nice fantasy though.
Agreed. Many can't even make change for $5 without the machines help.
People are often coached into credit management after they are in trouble,
perhaps one should have to take a course on credit before they get a credit
card or loan. Might save a lot of grief for the so many fools that
oversubscribe to debt.
What I meant by quantity is it is immaterial wht the size is in circulation.
A small amount will do just as well as a large amount. That applys to both
fiat currency or gold. The quantity must remain relatively constant in both
cases. Our problem with fiat currencies is the quantity is NOT constant. It
is almost continuously increased.
See above. How much is required? What is the correct amount of currency?
There is no answer. It just must remain constant.
No you can't that's true. What is being done is printing money too freely.
The supply is not constant. Gov't are loath to keep a tight hand on the
supply. That is why they hate gold. It ties the politician's hand.
No same as GM. Let them go broke. Happens to a few and problem solved.
Others will be less inclined. But if interest rates were set by market
forces they would be discouraged from excessive borrowing. The borrowers
lining up would drive the rate of interest higher. And higher interest rates
would encourage more savers to enter the loan market driving it downward
until a balance would be found.
We have NONE of that happening in our countries today. The gov't sets the
rate. And we wonder why we're in such a mess?
If "ifs and buts were fruits and nuts"......
You know as well as I do what is happening. Anticipation's rear end.
They go up before oil goes up, and hold the price for weeks when oil
Agreed, gasoline is still a bargain but let's not play games.
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