Originally posted by: conjur
Originally posted by: fivespeed5
okay wtf, why was my thread locked?
Just as I was replying in it, too.
I love it how people b!tch about the price of gas when, adjusted for inflation, it probably should be well above $2/gallon for regular unleaded.
Right now, where I live it's about $1.39/gallon. I remember paying about that much almost 20 years ago!
It goes up...it goes down.
If your monthly budget is that tight that a $20/mo. swing in fuel costs could make or break you, you need to find other ways to lower expenses....or get a better paying (or 2nd) job.
And...to those b!tching about Bush...
From the Dept. of Energy
The United States averaged total gross oil (crude and products) imports of an estimated 11.4 MMBD during 2002, representing around 58% of total U.S. oil demand. Around two-fifths of this oil came from OPEC nations, with Persian Gulf sources accounting for about one-fifth of total U.S. oil imports. Overall, the top suppliers of oil to the United States during 2002 were Canada (1.9 MMBD), Saudi Arabia (1.6 MMBD), Mexico (1.5 MMBD), and Venezuela (1.4 MMBD).
So, at most, 40% of our
imported oil, which is less than 60% of the total consumed in the U.S., is from OPEC. If Iraq increases production (and we haven't bought oil from Iraq in years), it just may very well lower prices from OPEC.