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>Here, the price of gas has gone up by 6,000%. That's a lot! Except that in absolute terms, the price has gone from $0.02/gallon to $0.11/gallon ...It looks li
by flubert 11y ago
>Here, the price of gas has gone up by 6,000%. That's a lot! Except that in absolute terms, the price has gone from $0.02/gallon to $0.11/gallon
...It looks like you are missing a factor of 10. 6000% is 60x, so as near as I can tell gas was $0.002 per gallon, and now is rising to $0.11 per gallon.
http://www.bloomberg.com/news/articles/2016-02-17/venezuela-raises-gasoline-prices-for-first-time-since-1996-ikrf0ppn http://www.bloomberg.com/news/articles/2016-02-17/venezuela-...
- mikeash 11y agoYou're right, temporary brain failure. Looks like it's too late to edit the original, but let the record show that it was really $0.002/gallon.