Dwight J. Dutton (titanic) wrote,
Dwight J. Dutton
titanic

  • Mood:

Well, at least I'm not driving anywhere

Fuel is up 46% from a year ago, and at the moment the world production of oil is at 99% of demand - meaning we have now reached the point where the supply of oil is the same as the demand, and from now on demand will exceed it.

Anybody who knows economics will tell you that this will cause the price of gas to increase until demand for it goes down. Which does not a lot of good for people who are only commuting and have no discretionary driving. If I had still been working I would have had a $250 a month expense just for the fuel of driving to work. That would have been about a third of what I was taking home.
Subscribe
  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    default userpic
  • 2 comments