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Consumers adjust to higher oil prices


               
2012 Sep 19, 9:07am   2,411 views  8 comments

by uomo_senza_nome   follow (0)  

http://www.econbrowser.com/archives/2012/09/thresholds_in_t.html

The graph below plots average U.S. gasoline prices, adjusted for inflation, over the last decade. This is now the fourth time we've been near the $4 threshold. It first happened in June 2008, again in May 2011, and again in April of this year. In fact, on each of those previous 3 occasions the average U.S. retail price of gasoline was higher than it is today.

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1   freak80   @   2012 Sep 20, 4:54am  

APOCALYPSEFUCK is Shostakovich says

Wait till it hits $40 a gallon. Exxon will just buy the US and declare us slaves and entertain the execs with helicopter hunting trips over survivor enclaves. Look at 'em run!

More like the Saudi royal family than Exxon execs, but true!

2   EBGuy   @   2012 Sep 20, 9:07am  

As we learned yesterday, higher energy prices have been a boon for Bakersfield.

3   New Renter   @   2012 Sep 20, 10:12am  

APOCALYPSEFUCK is Shostakovich says

Wait till it hits $40 a gallon. Exxon will just buy the US and declare us slaves and entertain the execs with helicopter hunting trips over survivor enclaves. Look at 'em run!

Which is why I stocked up on stinger missiles. Lets see how those bastards like it when their prey shoots back!

4   HEY YOU   @   2012 Sep 20, 11:41am  

If gas prices could increase x10,I'm sure housing would follow.lol

5   American in Japan   @   2012 Sep 20, 1:27pm  

Very interesting post. Have any of you noticed fewer SUVs and pickups on the roads around where you live/ work?

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