monkeyinabox: look here....or you could just go through life and be happy anyway

the daily banana

Let The Bacchanalia Begin

09.21.2005

Up Up Up

Gas prices went down, oh wait, they went back up. Damn.

On my previous gas rant (back in the good 'ol $2.50 per gallon days) that I'm supposed to Count yrself lucky with prices in Europe being around $7/gallon. The thing is, it's always been more expensive in Europe, and I don't know if the people who live there just accept it and move on. In the USA we've been living on cheap gas for quite a while. Back in 2000, gas was the cheapest I've ever seen it be: under $1 per gallon. I knew that was too good to last. Just three years ago was $1.40 and today it's around $3.05. That's an increase of 217.9%.

If we take the same rate of inflation to other goods over the last three years (have they increased 217.9%?):

Electronics and Computers - nope: if anything these items are cheaper. They are still shipped.
Automobiles - nope: prices have generally remained the same.
Fast food and restaurants - nope: prices are about the same.
Clothing - nope: most items have generally remained stable.
Groceries - nope: although some items like meat, fish, fruit and vegetables have increased to almost double.
Other goods - nope: most other household items haven't doubled in price.
Chia Pets - nope: the popular holiday gift has remained stable.
Housing - yes / no: some housing prices are going up like crazy, while some have increased slightly.
Entertainment - no: movies, concerts, sporting events, and performances have increased, but most aren't double what they were three years ago.
Gold - no: more rappers mean more bling, but gold has not doubled in three years.
Electricity, Natural Gas and Oil - yes: even though most every other item uses these to be produced, only the source products are costing more. It might be a natural resource type of thing.

What does it all mean? For investing purposes I'm confident in saying don't buy hot wings at Hooters, a package of shrimp, or a Chia Pet. Fill your garage with barrels of crude oil and buy lot's of fire insurance.


Posted by monkeyinabox ::: |

Comments

DnB producer said:

I heard its about to go up to $4 a gallon on average in the next month too!




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