Senate to Look at Gas Prices

If I read this article right, and did my math correctly. WOW.

It said that every 1 cent rise in gasoline equals $1.39 BILLION extra at the pump by Americans in a year.

It also said gasoline is about 68 cents higher per gallon this year than it was last year.

That means there is $94.52 billion less going into the general economy of this nation if I did my math right.

WOW.


http://www.cnn.com/2005/POLITICS/08/19/senate.gasprices.reut/index.html

 

Well,

I agree with you to a point Ken. It is just speculation, but certainly there is some truth to it.

If the farmer up the road pays an extra $30.00 to fill his truck up with gas before going to market, he's going to charge the wholesaler at least some of that additional cost rather than take the full hit himself. The wholesaler, rather than take the full hit, will charge the retailer. The retailer, rather than take the full hit, will charge you and me.

If I only pick up $4.00 of his extra $30, and $2 of the newspaper's extra, and $5 of the rancher's extra, and $1 of the importer's, and $2 of the trucker's, eventually, it becomes a lot out of my pocket.

Besides, the reality has already proven that.
I used to be able to fill my car for $22. Now, I pay $37.35 to fill it. Milk was $1.89 last year, not I'm paying from $3 to $3.29 a gallon. Bread went from .89 a loaf to over $1.29 a loaf. Chicken is now costing what steak used to cost, and I need a bank loan to buy a roast.