Fiscally nuts. Socially insane.

Friday, December 14, 2007

Gas Price Jump

The price of gas jumped .8% last month. In one month!

It was the biggest jump in prices since September 2005, when gasoline prices spiked higher in the wake of Hurricane Katrina.

How did that happen?


oldskool said...

why is youth wasted on the young?

Gasoline is a commodity used the world over. It is actively traded on world-wide markets. It's price went up 0.8% in one month - and you think this is a big increase?

Big wup. ZERO POINT EIGHT percent?
Do you know how small an increase of ZERO POINT EIGHT percent really is?

0.8% is the equivalent of something that costs $1.25 going to...

drumroll, please...

a whopping $1.26.

Wow, that's news. A one penny increase on something that costs $1.25? Young man, you need to learn more about markets and prices if you think a ZERO POINT EIGHT PERCENT increase is noteworthy.

Will Conway said...

for the sake of numbers, ill double your 1.25 to 2.50 for gas (if you can find 2.50, maybe I will get that rc helicopter).

regardless, that means 2.50 goes to 2.52

times a weekly 20 gallons is $50.40 as opposed to $50. not much. but when you look at it in the long term, 50.40 x 12 months = 604.80 as opposed to $600 a year.... still not much. crap (but when you multiply it by 20 years.... no)

wow, crappiest logic ever. I am strongly considering taking this post down altogether