We were talking about gas prices today.
( it's $2.55 a gallon in our area )
TV news claims they've gone up by 73 cents this year.
I remember dollar-a-gallon gas.
Pretty sure it was about 2 years ago.
Anyone with a good memory here ?
When was gas a buck-a-gallon ?
How did it get to this price ?
It wasn't a gradual nickle-a-week raise......
I recently heard an old-timer make an interesting remark. His analogy
was that a gallon of gasoline was still cheaper than a gallon of Coke. At
the time, he was drinking a little, old, 7-oz bottle of Coke--they sell for
a dollar in our area. s
Basically, demand has caught up with supply.
No new refineries built for decades, so when an old
one breaks down supply is interrupted.
And the billions of dollars worth of goods we buy from China
each year is providing them with funds to build more factories.
Now they are buying oil like there is no tomorrow.
Some actual prices paid - I keep track of what I run through the
vehicle. Prices include .389 combined state and federal tax per
August 99 $1.159
Jan 2000 $1.299
Jun 2000 $1.559
Jan 2001 $1.279
Jun 2001 $1.569
Jan 2002 $0.979
Jun 2002 $1.402
Jan 2003 $1.399
Jun 2003 $1.329
Jan 2004 $1.439
Jun 2004 $1.839
Jan 2005 $1.659
Mar 2005 $1.999
Jul 2005 $2.119
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