Gas is too damn high!
On a farmhouse near my house, there is a handpainted sign that says, "Gas is too damn high." After it had been up for over a year, it must have lost some of its impact, because I noticed that they had a new sign out. The new sign read, "Gas is STILL too damn high!"
The price of a barrel of oil, a major factor in gas prices, is up over $105 per barrel. OPEC has refused to increase supply, citing the problem as being one of speculation and inefficiency in the area of refining. President Bush argues that when OPEC's policies hurt the economy of one of their largest purchasers of oil, they should do whatever they can to help, or risk a slowdown in demand of their product.
I'm not one to agree with the President often at all, but his argument has some merit. High gas prices have been synonymous with a flailing U.S. economy in recent years. In the gas crunch of the 70's, the economy hit the skids. In 1992, gas prices were high, and we had a recession. The last recession was a little different in that respect, but the logic holds. The problem is that the more money consumers spend on as to fill up their as tanks to work, the less they have to spend on other goods and services...which drives our economy.
The price of a barrel of oil, a major factor in gas prices, is up over $105 per barrel. OPEC has refused to increase supply, citing the problem as being one of speculation and inefficiency in the area of refining. President Bush argues that when OPEC's policies hurt the economy of one of their largest purchasers of oil, they should do whatever they can to help, or risk a slowdown in demand of their product.
I'm not one to agree with the President often at all, but his argument has some merit. High gas prices have been synonymous with a flailing U.S. economy in recent years. In the gas crunch of the 70's, the economy hit the skids. In 1992, gas prices were high, and we had a recession. The last recession was a little different in that respect, but the logic holds. The problem is that the more money consumers spend on as to fill up their as tanks to work, the less they have to spend on other goods and services...which drives our economy.
thats funny about the sign. Yes this is something everyone can agree on. I wish I was rich, I wouldnt have to worry about it!
Saturday, March 08, 2008 18:14:09
A ToastTheTrends Reader says:No kidding. I still see some Hummers and H2's out on the road...I doubt that high gas prices are hitting these people yet, but man...I'd hate to drop a C note every time I filled up my tank!
Wednesday, March 12, 2008 21:49:14
A ToastTheTrends Reader says:The rate of oil is increasing day by day. I propose to use gas instead of oil. It will save your money.
Wednesday, April 02, 2008 09:24:20