Gas Prices

Gas Prices won't be the headache they seem if common sense prevails.
Use the minimum wage as an inflation index; and reference the price per
gallon in terms of its ratio to the minimum wage.

Example ... In 1965 when the minimum wage was about $1 per hour;
gasoline cost about 15-20 cents per gallon. (maybe one fifth the
minimum wage 20%).
Today ... the minimum wage is $5.75 on the average, and 20% of that per
gallon would be about $1.25 ... today's average price at $2.00 is about
38% of the minimm wage.

After the Oil Embargo and OPEC, it wasn't unsual for the gasoline price
to reach 50-75 cents per gallon; while the minimum wage in 1973 was
about $1.50.

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Gas Prices-Common Sense

Gas Prices -Common Sense

Gas Prices won't be the headache they seem if common sense prevails. Use the minimum wage as an inflation index; and reference the price per gallon in terms of its ratio to the minimum wage. Example ... In 1965 when the minimum wage was about $1 per hour; gasoline cost about 15-20 cents per gallon. (maybe one fifth the minimum wage 20%). Today ... the minimum wage is $5.75 on the average, and 20% of that per gallon would be about $1.25 ... today's average price at $2.00 is about 38% of the minimm wage. After the Oil Embargo and OPEC, it wasn't unsual for the gasoline price to reach 50-75 cents per gallon; while the minimum wage in 1973 was about $1.50.

Gas Prices

Gas prices are soaring in some parts of the United States; but diesel
prices are substantially lower.
In Agawam Massachusetts, 60 miles from refineries and ports on
Conencticuts's Long Island Sound shore; gasoline is $2.21 per gallon ...
diesel fuel was selling at $1.79 per gallon.

Before you make a conversion -- remember that in early summer crunches
past; the situtaion was opposite; and the truckers accsed the oil
companiesof forfeiti their interests to keep the casual gasoline using
car owners happy.

Both users vote ... and economically .. .?
well that multiplier makes a difference. $2.29 a gallon for diesel can
spell bankruptcy for independent truckers and inflation to cover rising
transportation costs.

Annually this shortage occurs as refineries balance competing needs with
more expensive oil after the winter crunch. If asked - the cheaper
diesel is the lesser of two evils.



Diesel SUV's anyone?

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