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"Super Spike" In Oil Prices Could Mean $100+ A Barrel...


Wease

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Ben, simply math doesn't do anything. Gas prices have been steady for the past 19 years until recently, adjusted for inflation. This graph shows gas prices adjusted to 1979 money.

 

http://www.randomuseless.info/gasprice/gasprice.png

 

You can kind of 'ignore' what happened prior to that on the graph because it was during the gas crisis. I'll actually go look for a graph that goes back before then, because I bet it was the same before that too.

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Originally posted by satan:

25% of $5.00 = $1.25

$5.00 - $1.25 = $3.75

 

just using your math buddy.

 

look at inflation

cigarettes were $0.05/pack

gas was $0.05/gal

now cigarettes are $3.50ish/pack

gas should be X

 

we'll use cross-multiplication for you. it is easier. i'll even show the work so you can follow.

 

$0.05<font color=white>kkkkk</font color>$3.50

-----<font color=white>kk</font color>x<font color=white>kk</font color>-----

$0.05<font color=white>kkkkk</font color>X

 

$0.05 x X = $0.05 x $3.50

$0.05X = $0.175

X = $3.50

 

whether you agree with it or not, it is completely true. no opinions, no politics, nothing. just inflation and math. real easy to figure out.

 

we need better public transportation.

 

Eric argues here:

 

**white "k"s used for spacing

If that math where to hold true across the country, then gas would be $9 a gallon in NYC.

 

The problem is that you aren't accounting for the difference in taxes. In Ohio, gas tax is 40.4 cents a gallon. The ciggarette tax I am unsure of, but I'm pretty sure that here at least it's around or over a dollar a pack. Either way, that's not a fair comparison.

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