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re: So, where would you be happy with regards to gas prices?
Posted on 2/26/16 at 2:34 pm to efrad
Posted on 2/26/16 at 2:34 pm to efrad
quote:
I would really love to see someone who dislikes the idea of minimum wage being $10-$15 explain to me why they also think gas prices should be higher
I think they should be higher when demand catches up with supply and there's no long a surplus.
frick raising minimum wage
0
Posted on 2/26/16 at 2:45 pm to KG6
quote:
I wish it could settle at 45-50 a barrel and gas would be 2 bucks. I don't think that to save jobs, but to even out the pricing fluctuation.
Since 1918, the inflation-adjusted historical average for gasoline is $2.64/gallon.
Since 1946, the inflation-adjusted historical average for oil is $41.78/barrel. Since 1980 that number is $53.08/barrel. Since 2000 it is $63.57/barrel.
You're in the ballpark on the oil price but that would still be very cheap for gas, historically speaking.
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