Ummm, not so much.
What part of this is so hard to understand?
"The average price for a gallon of regular gasoline costs 48 cents more this February than last."
OK, that is an increase of 16%. Hurts, yes, but it was entirely predictable. I must mention that I have no formal training in economics, except one class in High School (30 years ago).
Are we heading for $5 a gallon gasoline? Yes, as I said about 6 years ago. The only reason we haven't seen it already is the economic disaster of 2008/2009 delayed it.
There are some things that have changed. China is the big one. As I said last year, and about 30 months ago, China is a big player in this market now, and the winter decline in fuel prices will no longer be seen.
UPDATE: On review of this article, I noticed I did not include a link to the article that gave me the headline. Here it is: Gas Prices Soaring Amid Mideast Turmoil
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Thursday, February 10, 2011
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4 comments:
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Write to you in PM? How am I supposed to send you a private message, if I don't know who you are? This is why I ask for a signature of some kind to let me know who is commenting.
The author is really cool. But some of the commentators are just posting stupid words.
Such is the nature of spam today. I will take a chance by replying to Anonymous posts, because I have some "Net Friends" that aren't always on the ball enough to post their name or post from their account. Sometimes I do the same.
The newer anti spam tools on blogger make it efficient enough to deal with spam that I don't really have to worry about attracting it.
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