http://money.cnn.com/2003/03/10/news/economy/gas_prices/index.htm
begin quote from this 2003 article:
A year ago, the nationwide average price for a gallon of gas was $1.20.
end quote.
This week gasoline throughout California is averaging above 4 dollars a gallon. Is it fair to say that gas since 2002 is 4 times as much (approximately) of what it was in 2002?
a 400% increase in the price of gas would have been thought of as completely ludicrous in 2002. And yet, if you live in California this is the price we're paying right now!
And it gets better. Even though the average price of gas in California is about $4 a gallon now it said today that we can expect it to go 35 cents a gallon higher soon.
Since I have already seen premium at prices between 4.25 and 4.50 a gallon already within the month we can expect prices to be 4.50 for regular and 4.75 for premium?
When I heard about all the independent truckers going bankrupt over the price of diesel I also worry about all people in the Restaurant, hotel and travel industry and just people without enough money to even eat at these prices.
A line from "The Wizard of Oz" 'Toto! I don't think we're in Kansas anymore?'
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