I remember there used to be an expression that said something about the "Price of Rice in China" meaning that since rice was very popular in China that you could get a pretty good gauge on inflation or even on the economy on the whole just by checking the price of rice. I believe the same can be said for America and the Price of Gas. In many ways the price of gas is even a better gauge on the American economy than was rice prices in China. Most people just think about the direct travel expense when they think about gasoline prices, but the effect runs much deeper. When I say gas, I'm talking about every fuel that is made from petroleum, so that includes diesel, jet fuel, and heating oil. Therefore, high gas prices mean higher food prices, higher retail prices, and higher prices on virtually everything and anything you buy. For example, if your plumber drives a huge 4x4 heavy duty truck to get to your house he will have to charge you more for his service just to cover the gas it takes to drive his 8-10 mpg vehicle around town. Another example is Internet shopping. Your order still has to be delivered by truck and/or airplane, both of which use expensive petroleum based fuel.
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2 comments:
Oil was a wonderful form of energy. Too bad people didn't try to conserve it.
i don't worry about gas prices, because i drive a bike to work!!!
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