gas

"Cheaper" Oil?

 

I recently saw an article on time.com asking a question that struck me as somewhat bizarre; "Is Cheaper Oil A Good Thing?" "Cheaper Oil"? Cheaper how? Define your terms. Sure, a litre (welcome to Canada) of gas costs less than it did last week, but does John Q actually perceive this slight drop in price as "cheap"? Apparently so. The opiated public has become so conditioned to rapid, seemingly arbitrary fluctuations in prices at the pump that they lose sight of the fact that it's been two-steps-forward-one-step-back for a very long time now.

Gas In 2003I took this picture in June of 2003. I found the numerological irony in the price that day amusing because at the time $0.666 per litre was high. It would be about two years later that gas stations would start changing out their signs to be able to display an extra digit and shift the decimal point to the left, forshadowing the price increase above $1.00 per litre.
So the price has more than doubled in less than five years. So what? Well, how many people do you know whose income matches that increase? I'll assume "not many" and continue. 

 
Tags:
 

Syndicate content