It's €2.09 a liter here. That's €7.90 a gallon... that's $8.24 US a gallon.
I'm with @Vbreeze. Gas is still cheap here considering. Unfortunate that oil companies are making off like bandits. Can't blame this on anyone but consumers driving the price up and being ok with it. But capitalism be capitalism. Sucks to be a stuck with a gas-guzzling truck or SUV.
Can't blame this on anyone but consumers driving the price up and being ok with it.
This is Econ 101 stuff. Supply and demand.Both of you miss the point. If there was a commodity which you use everyday, had to use everyday, and within six months it was twice as much when everything else is getting more and more expensive, its a problem. Not just for the individual consumer but for the economy since this type of thing leads to a recession.
Gas prices have NOTHING to do with the consumer.
Both of you miss the point. If there was a commodity which you use everyday, had to use everyday, and within six months it was twice as much when everything else is getting more and more expensive, its a problem. Not just for the individual consumer but for the economy since this type of thing leads to a recession.
Gas prices have NOTHING to do with the consumer.
This is Econ 101 stuff. Supply and demand.
Its the difference in price as you say, for me its only a grand or two a year, so its a nothing burger
Consumers are willing to pay the price that oil companies set. Granted these oil companies are probably also artificially restricting production to keep supply limited and therefore artificially inflating prices. Conversely supply constraints also mean that companies are missing out on money on the table so they’ll want to slowly increase supply. Kind of like a drug dealer.The consumer isn't causing rising gas prices was my point. Supply and demand will cause seasonal changes in prices, but this is very much something else. Rampant inflation on the heels of the government printing more money so lazy trash cans can sit at home and some d-bag whose country produces 10% of the worlds output invaded a neighboring country, who the US had been propping up for years. Supply is down but so is demand. So many people work from home now, and that genie isn't going back in the bottle.
Gas prices drive much more. Everything gets more expensive. If it was just the gas its not a big deal. When you add how it causes most consumer goods to get more expensive along with inflation making everything more expensive as well its a Royale with Cheese, not a nothing burger. My house payment went up $300 a month because taxes went up. There's a track day every month. See what I'm getting at?
Consumers are willing to pay the price that oil companies set. Granted these oil companies are probably also artificially restricting production to keep supply limited and therefore artificially inflating prices. Conversely supply constraints also mean that companies are missing out on money on the table so they’ll want to slowly increase supply. Kind of like a drug dealer.
As for inflation, that’s the result of a fat orange turd that mismanaged an epidemic and cratered the economy and disrupted the supply chain so badly that we’re teetering on the edge of a recession. Also it’s complicated…
Consumers are willing to pay the price that oil companies set.
In between kid sniffing, ..... had said