"fuel is more affordable than it was during the early '60s"

Hey folks, gas prices are so much better then in the 1960's (adjusted, of course)! Doesn't that make you feel better? These guys seem to think you should think so:

A big surprise on gas: You may not believe it, but fuel is more aff...

Talk about a big, warm, fuzzy feeling inside, huh ?! Remember that next time it costs you upwards of $70 to fill your tank. Adopt the mantra "well, it was worse 50 years ago" and it makes everything A-OK.

Color me skeptical but I smell a lot of feces all over their math and little survey. Even if their voodoo style mathematics is correct a 5 year old could look at the price of gas, compare it to oil company profits and see something isn't right.

Where's the adjustment for the distribution of 'disposable income', number of cars own, increased amount of driving, increased population of drivers, increased cost of living and utilities, etc etc etc.

I'm not an economist or padding my pockets with oil company money so I might be wrong. If my speculation that this might be a big steamy load of manure is off base, I still wonder how applicable this 'affordability index' is to the average person.

Maybe I can't see it because I'm one of those lower-middle class, working type folks that doesn't have $4,000+ in disposable cash to toss around? Help me out here...

Views: 2

Tags: bull$hit, economics, fuel prices, rant

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Comment by Neece on August 12, 2008 at 4:59pm
Yeah, you said it, Hess. I agree.
Comment by Hessenroots on August 12, 2008 at 4:57pm
Apparently some believe we're supposed to just trust those in charge and take one over the rail for the team once in a while. Failing to do so would be 'unpatriotic', so I've been told.

I wonder how all those folks that were praying for lower prices while circled around gas pumps are feeling? Stupid and confused, I hope.
Comment by Neece on August 12, 2008 at 4:50pm
Total freaking bull$hit. First of all, it's NOT 50 years ago. It's now. Record BILLION dollar profits for all the oil companies do not sooth my anger in the slightest.
Here in WV, the natural gas company stated they will raise their price of gas another 47%. Just a year ago they raised it 56%. No excuses. No explanations. Do people even ask anymore? They just bend over and take it, maybe whine a little or forward a stupid email that's been going around since the 90's to everyone we know. Sheeple. Wake up, and smell the oil whore president and his oil whore administration. Sheesh!

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