Posted by Glenn Strickler on 4/22/07 12:48am
Msg #186337
For you economics majors ......
When adjusted for inflation, gasoline is at about the 1954 price.
The price of gas appears to be having little effect on the economy. The freeway to Las Vegas is as full as ever with big cars, rv's .. no cutback in consumption.. The lakes and rivers are full of boats . Stock market record high again this week, Help wanted signs all over, can't find enough people to fill available jobs in the area ..
Until the energy prices begin to affect the economy and consumption drops or we are allowed to drill a few more oil wells, the prices won't be going down anytime soon ....
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