I don't believe it! You've uncovered a politician trying to score points!
Unbelievable!
Is Chuck Schumer still doing Sunday press conferences? They were always the dumbest things on Sunday night local news. There was one where he called for lower breakfast cereal prices. As if that was something the feds should be involved in.
I don't believe it! You've uncovered a politician trying to score points!
Unbelievable!
Is Chuck Schumer still doing Sunday press conferences? They were always the dumbest things on Sunday night local news. There was one where he called for lower breakfast cereal prices. As if that was something the feds should be involved in.
Too bad politicians almost always reach for the cheap talking points rather than trying to explain what is really going on. On the other hand, cheap talking points have proven effective more or less since the beginning of verbal communication, so why change a proven approach.
that article suggests that $4.50 a gallon gas hasn't been all that unusual through the years, adjusted for inflation. So I'm not sure what the point is.
that article suggests that $4.50 a gallon gas hasn't been all that unusual through the years, adjusted for inflation. So I'm not sure what the point is.
I’d say above $4 in only eight out of 44 years, and in only three clusters, with an average of $3.14 over the span, makes $4.50 unusual. Your mileage, as they say, may vary.
But the point was that the tweeter selected a relatively high baseline year in order to falsely suggest that gas prices have simply followed inflation. It’s not true that inflation-adjusted gas prices have “barely budged since 1980.” They budged quite a bit in the interim, usually — there I go again — averaging more than $1 lower in a given year.
Politicians are usually pretty successful at mollifying people upset by high gas prices by pointing out that adjusted for inflation, the current prices are not that big a deal. This kind of thinking is why Democrats routinely win the Presidency and majorities in the House and Senate.
What would be nice to see as part of this analysis is the cost of a gallon of gas in current dollars ex-taxes. Seems a bit like comparing apples to oranges when taxes are included given the increase in both state and federal gas taxes over the years.
Politicians are usually pretty successful at mollifying people upset by high gas prices by pointing out that adjusted for inflation, the current prices are not that big a deal. This kind of thinking is why Democrats routinely win the Presidency and majorities in the House and Senate.
numbers without context aren't very meaningful. Ans it's not saying "no big deal" by saying it's not unprecedented.
I’d say above $4 in only eight out of 44 years, and in only three clusters, with an average of $3.14 over the span, makes $4.50 unusual. Your mileage, as they say, may vary.
But the point was that the tweeter selected a relatively high baseline year in order to falsely suggest that gas prices have simply followed inflation. It’s not true that inflation-adjusted gas prices have “barely budged since 1980.” They budged quite a bit in the interim, usually — there I go again — averaging more than $1 lower in a given year.
it would also be accurate to say prices occasionally spike to where they are now and then typically drift downward again.
What would be nice to see as part of this analysis is the cost of a gallon of gas in current dollars ex-taxes. Seems a bit like comparing apples to oranges when taxes are included given the increase in both state and federal gas taxes over the years.
The comparison is to the average retail prices over the years, so the taxes are a part of that price. And, the price the customer pays is the one to compare over the years.
that article suggests that $4.50 a gallon gas hasn't been all that unusual through the years, adjusted for inflation. So I'm not sure what the point is.
The point was that if you're saying that it hasn't budged, and you're comparing to a point where the price was higher than normal (1980), then you're ignoring that the trend/average is lower.
What would be nice to see as part of this analysis is the cost of a gallon of gas in current dollars ex-taxes. Seems a bit like comparing apples to oranges when taxes are included given the increase in both state and federal gas taxes over the years.
The comparison is to the average retail prices over the years, so the taxes are a part of that price. And, the price the customer pays is the one to compare over the years.
Yes, but my point is that the increase is not due solely to market forces/inflation, but other factors as well. A few years ago, we had here in NJ a - I think - $.29/gallon increase in the gas tax. That amount (and other additional tax increases) have nothing to do with inflationary pressures.
It seems $5 (for regular unleaded) is a bit of a psychological barrier that the local gasoline market is resisting. I've seen several $4.99 9/10s recently but no 5-handles. But I suspect it's inevitable, being we're entering peak summer driving season and oil prices are on the rise.
I don't believe it! You've uncovered a politician trying to score points!
Unbelievable!