what is this government doing to help the struggleing families with these high fuel prices. is there any programs out there to help those in need?
2007-03-12 10:03:13 · 2 answers · asked by Anonymous in Social Science ➔ Economics
Based off inflation & supply & demand gas price equalibrium should be $2.70 per gallon.
It seems that the government is already subsidizing this major.
Based off inflation:
Inflation reality check.
1980's Gas per gallon was 1.10.
1990's Gas per gallon was 1.40.
2000's Gas per gallon was 1.77.
(Average). Using a "Cost of living calculator" the infalted price should equal out at $2.70 per gallon. Reality is that the price per gallon at $2.30 is less than the inflation adjusted price.
Add the shortage to refine gas prices (new orleans & lack of new refineries) well equalibrium really is near $2.95 - $3.15 per gallon.
Be happy you're only paying on average $2.30 per gallon.
2007-03-12 11:28:22 · answer #1 · answered by Giggly Giraffe 7 · 0⤊ 0⤋
oil keeps going up...im glad im working at home....not that i knw of..
2007-03-12 17:12:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋