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> gas in CA is almost $4/gallon in the Bay Area And the national average (today) is $2.95, you might as well compare Hawaii and Alaska which are also economic
by holy_city 7y ago
> gas in CA is almost $4/gallon in the Bay Area
And the national average (today) is $2.95, you might as well compare Hawaii and Alaska which are also economic islands.
>it doesn't take much time for normal rates to hit $6/gallon in the next 10 years or so.
The national average 10 years ago was $2.45, which is $2.90 accounting for inflation. The only way gas hits $6 is if we have a second Great Inflation or massive political changes in the United States and abroad.
- vinay427 7y agoThat doesn't make it an economic island by any means. This is simply due to regulations that virtually only affect gas prices. By that measure, Florida or Oregon would be economic islands due to their anomalous taxes.
- s3graham 7y agoThat's very US centric though. It's already much higher where I live (Vancouver, just minutes from the US border): $1.70 CAD/L ~= $4.80 USD/gal. I don't think $6 is far off at all in many locations.
- sampo 7y agoGas is currently about 1.56€/liter ($6.6 per gallon) in Finland.