Re: gas prices: 10 yrs ago today ..

On Sun, 30 Apr 2006 16:49:33 GMT, "Michael Pearson"
<michaelpearson137@xxxxxxx> wrote:

"Jefferson N. Glapski" <jeffersonWEARE@xxxxxxxxxxxxxxxxxxxx> wrote in
message news:L655g.1595$S6.435@xxxxxxxxxxx
stephenj wrote:
http://www.pbs.org/newshour/bb/economy/gas_hike_4-30.html

today's "investigations" will be as pointless and futile in terms of
revealing "big oil conspiracies" as those in 96 were.

oh wait a minute, the "point" is for polticians up for re-election to
signal the voters that they are "doing something" about high gas
prices.
ok, it worked then, it might work now. LOL.

How about checking out those automobile manufacturers? The price of autos
in real terms has increased more than oil has.

You may want a mulligan on that one.
Within the last six months, I'm not really sure when, I was getting gas at
my local Chevron for $1.999/gal. Today it sits at $2.929. That's a 46%
increase being pumped into billion dollar profits.

What was the price of crude oil then and what is it now?

The U.S. manufacturers, meanwhile, have been cleverly diguising those
billion dollar profits as billion dollar losses, the little dickenses.
Seriously though, I paid $20k for a Camry LE V6 2 1/2 years ago. MSRP on
the same car is at $23k now, meaning I could probably pay the same that I
did then for the country's best selling car.
I also paid $14k 9 years ago for a Chevy pickup w/standard transmission.
They've monkeyed around with the product line, but a very similar version
now MSRP's at $18k, with an automatic.

The top end may have gone off the charts, but most vehicles are selling for
what they have been selling for, until you tack on navigation systems, dvd
players w/ thx sound, and all the other useless luxury items.
--
"And the battle's just begun
There's many lost, but tell me who has won?
Trenches dug within our hearts,
And mothers, children, brothers, sisters torn apart"
Hewson & Evans
.

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