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?

2 comments:

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