Remember 2003 when we thought the price of gas
was outrageous at $1.74 per gallon?
It was 2006 and gas was outrageous -- $3.00
I am not going to write a column on the high price of
gasoline! Who cares what the price of gasoline is --- except for
honey. Every time we drive past the corner station, he
complains. "Look at that!"
"What? I reply, feigning interest."
"Look at those prices! Itís five cents more than
yesterday! Iíd better fill up before it goes up
Funny, I always think that it might go down, which shows how
little I know about economic matters.
I know it must be bad. All the papers say so. "Cost of
gas reaches $3.00 gallon." I use super
premium, so that sounds about right to me. Of course, super
premium will be even higher now too. In our area the gas price
is below the national average. We should be happy,
And then, there is the way the economists attempt to explain
"The price of crude oil remains high." Wait! REMAINS high? That means it was high
already, doesnít it? So, that doesnít explain the sudden
increase. If it was already high and remains high, the price
should be the same, shouldnít it?
I suppose I just donít
They used to say it was the blackout in New York that affected
production in some refineries. Huh? I might buy that one if the
blackout was still going on. How long did it last, two or three
days? So, if production was affected for only two or three days,
stands to reason to me that prices would only be affected for
two to three days.
Obviously, I really donít understand economics.
Well, how about this one: A pipeline broke in Phoenix
decreasing the amount of crude oil available. Because they do
not have enough oil in Arizona, they pull from the available
resources elsewhere, which makes the supply lower everywhere -
or so the story goes.
Now it is hurricane Katrina. We donít produce enough crude oil to maintain an adequate
supply? It must cost more because there is less. Thatís the
law of economics. But we have pipeline breaks, and refinery
fires every once in a while. Couldn't they factor in periodic
interruptions in production and delivery?
Finally, the economists blame it on demand. When people want something, they are willing to
pay more. People are not conserving and people are not staying
at home. Itís the law of supply and demand again, also known
as the law of greed to those of us who donít understand
The more we need something, the more we can be gouged is the
way it looks to me.
Yes, I know the price of gasoline affects the transportation
of goods and this loss of revenue is eventually passed on to the
consumer in the form of higher prices. Why did you have to bring
Anyhow, after summer is over, the demand is
expected to go down and so will the price. But, six months from
now the price of food will go up in the supermarket and
economists will say, "Itís because of the high gas prices
The conclusion seems to be stay at home and not buy the
And thatís why Iím not going to write a
column about the price of gasoline. You wonít listen to me
anyhow. So, quit grumbling, pay their inflated price, and you
will hardly notice the difference. Itís only an extra few dollars per tank.
When the price of goods goes up, blame it on economics
instead of greed. And donít expect me to write a column about
Copyright 2006 Sheila Moss