Quote:
Originally Posted by Fat Charlie
$1 gas wasn't really a low point in the US, it's around what gas had been for a long time. Not to sound all Ron Paul or anything, but Washington went from buying back debt in the 90s to printing money so fast that they can't even keep track. So while the cost of oil may have gone up, the number of US dollars needed to pay that cost has gone up even more. Add that to wages not moving much and major unemployment and that graph looks right.
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Page 5 graph of
this link seems to back up your claim, although it only goes through 2001.
Prices will rise in real terms eventually though.
Quote:
Originally Posted by 320touring
Also, I'm confounded as to why the americans think Gas is expensive..still about 50% cheaper than here..
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Perspective. Opinions are always based on perspective, and paying $3.50 for a gallon of gas is a lot of money when 10 years ago you could have it for a dollar.
Quote:
Originally Posted by Ladogaboy
What was that, again? Lies, damn lies, and statistics?
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The figures don't lie, but liars do figure.