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Let's not complain about the price of gas here
In the US, gas still really isn't that expensive. At least it doesn't seem that way if you compare it to the prices in Asia (look at the chart to the right, published in The Economist a couple of weeks ago.)
The article talks about putting caps on fuel prices and argues that not only are price controls no long-term cure for inflation, but if domestic fuel prices are not allowed to rise in line with crude-oil prices, then motorists from Beijing to Bangalore will guzzle more oil. This, in turn, pushes global oil prices higher.
Let's not even get into the prices of gas in Europe, shall we?
Filed under: Transportation, Budget Travel
Reader Comments (Page 1 of 1)
Heffer Mar 12th 2008 12:44PM
I've always hated this argument. Just b/c gas prices are relatively cheaper DOES NOT mean we can't complain.
An apple in the Middle East might cost $10 and only $1 in the US, but if the US market jacks the price to $4 over a three-year span should I not sit there and complain b/c we are still paying less than $10?
Aaron Shutt Mar 12th 2008 5:11PM
Exactly. Places like Kuwait and Saudi Arabia pay between 10 cents and a dollar for gas because its so government subsidized...so compared to them, we can complain! How come no one ever mentions this side of the argument?