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10 Posts
Change our world? $4/gallon the "right" price for gas?
I beg to differ. First of all I have no interest in paying additional taxes, which is the only reason Europe's prices are in that range.
Secondly, the bump we saw this year was enough to disrupt the economy. High energy prices weigh down the entire economy because they cause inflation. (Over 70% of the goods in the country are trucks, trucks use higher priced fuel, pass the costs to the consumer eventually.) I'm very glad the 'economists' were wrong about gas prices so far, as they've receeded this summer instead of hitting all-time highs. There's still time for them to go higher, sure.
-Colin
I beg to differ. First of all I have no interest in paying additional taxes, which is the only reason Europe's prices are in that range.
Secondly, the bump we saw this year was enough to disrupt the economy. High energy prices weigh down the entire economy because they cause inflation. (Over 70% of the goods in the country are trucks, trucks use higher priced fuel, pass the costs to the consumer eventually.) I'm very glad the 'economists' were wrong about gas prices so far, as they've receeded this summer instead of hitting all-time highs. There's still time for them to go higher, sure.
-Colin
