Monday, June 30, 2008

Price of gas

What is the deal with all the complaining about gas prices? I know, I know. I shouldn't touch this topic with a 10 foot pole (or gas hose...). But I've been thinking about this, and I can't figure out why Americans are so freaked out about a dollar increase in gas prices.

These are my calculations:

If you fill up a car, 15 gallons of gas per week, that would have been $45 a year ago (at $3/gal) and it's now $60 a tank (at $4/gal). If you fill up once per week, that would be an increase of $780 per year.

Now I know that lots of people have tanks larger than 15 gallons. And I know that lots of people have to fill up more than once a week. But let's just say on average, you have to pay $1000 more per year for gas.

Is that so terrible?

I keep reading about people giving up vacations, buying smaller cars, not using their cars as much... all because of $1000 a year?

I think something else is going on. I just haven't figured out what it is yet.


Anonymous said...

There is nothing we can do to control the prices at the pump. Cutting back on driving and making only necessary trips is the way to conserve. I also stumbled across a website that talks about fixed price gasoline. GasBankUSA, has a plan to lock in a price for gas even if the price goes up.

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