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Unread 29-08-2005, 19:14
sciguy125 sciguy125 is offline
Electrical Engineer
AKA: Phil Baltar
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Re: Gas prices and you

I'm getting a little tired of people complaining about gas prices. They aren't that high. There's a small spike right now, but it's not that bad. (There's also a storm interupting gas production at the moment...) People are failing to take inflation into account. Didn't anyone ever wonder why you could buy a new car for less than $500 in the early part of the 1900's? Inflation my friends. People right now are so happy that their retirement funds may make it over $1 million by the time they need it. But you know what? That's nothing. A few decades from now, a $250k house will be over $1m.

Back to my point about gas:
http://inflationdata.com/Inflation/I..._Inflation.asp
The price of gasoline in the US has been about the same since 1986 when taking inflation into account. The only reason people complain about gas as opposed to the rising bread prices is because gas fluctuates more. Gas stays at a reasonable average, but it has temporary highs and lows. Didn't you notice that people start complaining every few months, then a little while after, the prices start to fall again and people stop complaining? Most other things are still affected by inflation and increase in price, but they are more of a stable increase.

But to answer your question more directly, I think I'll ease up on the pedal a little while the prices are up. In the San Jose area, it looks like gas is around $2.75 at the moment.
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