Gasoline at the pump is a good indicator of how you are doing in your hourly wage earner position, rather than an indicator of poverty in the US. We still pay a lot less than other countries, while maintaining our lifestyles. That is the conclusion MotleyFool investor group comes to.
Gas production is a marginal business today, and that makes it vulnerable to demise long term.
Quit Griping About Gas Prices -- It's All in Your Head! : "... this presents the other side of the argument -- that neither OPEC nor oil companies are the direct cause of your pain at the pump. It's really a combination of poor wage growth and a disassociation with the effects of inflation that have people on edge about gas prices. We really don't pay very much for gas relative to other industrialized countries, and we should be thankful for the current level of gas prices."
'via Blog this'
EXCERPT | [...]
Gripe No. 1: "High oil and gas prices are all OPEC's fault."
The Organization of Petroleum Exporting Countries is made up of 12 Middle Eastern, African, and South American countries -- many of which aren't on the best terms with the United States, politically. It has been the subject of finger-pointing for pretty much the last half-century.
Read the entire Article HERE ...
Gripe No. 2: "The U.S. Government's gas tax is nickel-and-diming us to death!"
Everyone is probably well aware that the U.S. government is taxing us on each gallon of fuel that we pump into our cars. But most people fail to realize just how lucky we are relative to the rest of the industrialized world when it comes to paying taxes on fuel.
Gripe No. 3: "I spend too much money on gas already for it to move even higher!"
Gas prices are elevated -- no doubt about it! "Sticker shock" has a lot of people at least contending that they'll drive less this summer in order to conserve money. But let's dig a bit deeper than just nominal gas prices, and I'll show you why this gripe also doesn't hold water.
Gripe No. 4: "Gas companies are making too much!"
There has long been a perception that gas companies are making too much and are "inherently evil." I actually may hear this gripe more than any others combined. And as with the previous gripes, there really isn't much substance to this complaint.
____________________________Reference
http://www.fool.com/investing/general/2012/06/26/quit-griping-about-gas-prices----its-all-in-your-.aspx#.T-6rzrW86aU
No comments:
Post a Comment