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originally posted by: pauljs75
$5/gal still seems to be the setpoint for stalling a large segment of the U.S. economy. Most of the country outside of major cities is designed around long commutes, public transportation isn't so great even when it is available, and minimum wage doesn't really pay enough. When it costs people too much to go to work, places with low wages like Walmart and fast food will shut down when they start having no-shows. Either that or people just cut really really tight on their budget, and the end result is a good section of the economy shuts down. (People stop eating out, cancel cable, etc.) It almost happened once already, so it's no surprise when it's liable to happen again.
Gas was under $2 a gallon when Bush took office in 2001. Between 2004 and 2008 prices jumped up to $4 a gallon. After the stock market dropped 7000 points in 2008 gas fell for a short period down to $2 a gallon. Exon is the richest corporation in the world. We give them our tax money in subsidies. Obama has brought up cutting them off several times but congress won't even bring it up.
originally posted by: AnteBellum
reply to post by GreenMtnBoys
Someone made a thread the other day about how gas was on average $1.90 when Obama went into office. I couldn't believe it I had to check and they were right. Almost the entire year before was on average that price.
Seriously, have the prices been up so high, so long, that most of us don't complain anymore?
It seems to be a trend just like the TSA. At first everyone bitches, then later we all just stop and take it for granted!
I think that suck's.