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.

2 comments:

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, http://www.gasbankusa.com has a plan to lock in a price for gas even if the price goes up.

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