
Originally Posted by
Dark Sage
Gas prices are now down for the fifth straight week in a row.
Tom Kloza, the chief oil analyst at the Oil Price Information Service, called earlier predictions of $5 a gallon gas prices "apocalyptic," and told the folks at AAA that he'd wear a clown costume to their annual meeting if he was wrong. It looks like he won't have to get a costume.
He was right, the GOP was wrong.
And after speaking to an economic expert, I realized that many people don't realize that gas is actually quite cheap compared to many other products we use.
Let me put it in perspective. If shampoo (for example) were sold the same way pertroleum was, by the barrel, the bottle-sized amounts of it we'd buy would cost a LOT. We'd be paying $15 for one bottle of Pert Plus. Milk would cost about $16 a quart. Orange juice, even more.
And if gasoline were, in turn, priced the same way those products are now, the cost for it would be astronomical.
But the point is, gas prices are going down. One less thing you can blame on Obama.