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It is just keeping up with inflation. A roasted duck at the 99 supermarket i just checked yesterday was $9 20 years ago, now it is $29. The houses in the neighb
by trhway 4y ago
It is just keeping up with inflation. A roasted duck at the 99 supermarket i just checked yesterday was $9 20 years ago, now it is $29. The houses in the neighborhood in 2007 were $850K, today is $2.5M. The same with salaries - the engineer salaries went from $80-140K 20 years ago to $350-600K today. Or even CA state budget - $100B in 2000, $300B in 2022 (with almost a $100B surplus on top of those $300B) for pretty much the same population.
So, it is just normal that the gas that was around $2-3, today - $7+. Thus the gas isn't "expensive", it is in-line with everything else, and thus wouldn't drastically change any behavior. Giving the instabilities, it wouldn't be surprising to see $10-15 gas.
- mmastrac 4y agoI don't know why you are being downvoted - the fact that gas has stayed so cheap for so long is unusual (and highly artificial).
- deleted 4y ago[deleted]
- VirusNewbie 4y agoWhere did houses 3x from 2007. Seems inaccurate there.
- trhway 4y agoSanta Clara, Sunnyvale, MV, PA (that even close to 4x)