Actually they do...America...indeed the world runs on energy... If the price of energy goes up...so does everything else INCLUDING wages... Everything is intertwined with fuel costs it cost more to produce a product or a service..into which more wages are needed to pay for these products or services..otherwise we have what we had in 2008...you know a meltdown of our economy.. Again the point being it is basically a moot point.... When cars got Lousy gas mileage gas was Cheap When cars get great gas mileage gas gets expensive As for what you are saying below..that is like watching the daily ups and Downs of the stock market...both are very volatile..both have had their highs and lows..but you MUST look at the long term prospects to see what has happened in both sectors. Bottom line a little bit of corruption mixed in with some greed and capitalistic profiteering..regardless to who or what it hurts..is what makes our energy prices what they are... Claude 1024 Bric --- In dmcnews@xxxxxxxxxxxxxxx, "content22207" <brobertson@...> wrote: > > First & foremost: oil companies have nothing to do with minimum wage. If minimum wage fails to keep pace with transportation costs, people need to complain to their congressional representatives, not Exxon. > > Regarding your theory: gasoline pump prices are highly variable and have been all over the map in the past few years alone. For example, in July 2008 average pump prices peaked at $4.12. By December that same year average pump prices has dropped to $1.61 -- a more than 60% *DECREASE*: http://gasbuddy.com/gb_retail_price_chart.aspx > > Bill Robertson > #5939 > > > --- In dmcnews@xxxxxxxxxxxxxxx, "cbl302@" <cbl302@> wrote: > > > > That's Fine if you are going at the price on the pump..the point I was making is that when cars were averaging 9-11MPG Big Oil was making their money on VOLUME...since of course cars used more fuel per mile..unlike today big oil makes it's money not on volume sold but on how much it could squeeze out of your wallet. > > > > As far as being able to afford gas in the early 1970's I was working part time..and going to school making $2.85 per hour..meaning fuel was 1/7 of my hourly pay vs today at 13.85 per hour(what I would be making at my first job)at 3.50 per gallon...clearly it was less on the wallet back then...BESIDES I COULD AFFORD THREE GTO's on Part time pay back then...heck Today..I could barely afford ONE of those GTO's today... > > > > Claude > > 1024 > > Bric > > > > > > --- In dmcnews@xxxxxxxxxxxxxxx, "content22207" <brobertson@> wrote: > > > > > > A 1970 dollar is not equivalent to a 2012 dollar. Adjusted for inflation (CPI Index), 40 cents in 1970 is equivalent to $2.34 in 2012. Using your data, inflation adjusted per mile fuel costs are about half today than in 1970: 10 cents per mile versus 21 cents per mile. > > > > > > Here are some graphs that show historical pump prices adjusted for inflation: > > > http://inflationdata.com/inflation/images/charts/Oil/Gasoline_inflation_chart.htm > > > http://zfacts.com/sites/all/files/image/energy/Gas-Price-History.png > > > http://www.randomuseless.info/gasprice/gasprice2.png > > > > > > Prices really aren't as bad as people think. > > > > > > Whether or not the stuff is running out, whether or not we are polluting ourselves into extinction, whether or not we are grinding to a congested halt, etc are valid concerns irrespective of pump price. > > > > > > Bill Robertson > > > #5939 > > > > > > > > > --- In dmcnews@xxxxxxxxxxxxxxx, "cbl302@" <cbl302@> wrote: > > > > > > > > > > > > > > > > It's all irrelevant..back in the early 1970's when I was driving around with late model 1960's era GTO's the average fuel mileage was between 9-11 miles per gallon and the price per gallon was about 40 cents per gallon...or 2 1/2 gals a dollar > > > > > > > > Today the average is 35 miles per gallon and the average price per gallon of fuel is $3.50 or about 1 1/4 quarts per dollar > > > > > > > > Which was the better deal outside of straight line performance... > > > > > > > > Assuming only accounting for gasoline expenses... > > > > > > > > Bottom line NOTHING has really changed... > > > > > > > > When gas Mileage was poor Gas was Cheap... > > > > > > > > When Gas Mileage becomes good Gas Becomes Expensive... > > > > > > > > It's all irrelevant..It's all based on what the Average Consumer drives per year and their expendable income.. > > > > > > > > If you make fuel too expensive the average consumer cuts down on their driving..causing a surplus..if you make it too cheap..the average consumer increases their use of driving... > > > > > > > > It's a fine line to hold... > > > > > > > > > > > > > > > > > > > > Claude > > > > 1024 > > > > Bric > > > > > > > > > > ------------------------------------ To address comments privately to the moderating team, please address: moderators@xxxxxxxxxxx For more info on the list, tech articles, cars for sale see www.dmcnews.com To search the archives or view files, log in at http://groups.yahoo.com/group/dmcnewsYahoo! 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