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Gas prices have gone up, but adjusted for inflation not outrageously so. http://inflationdata.com/inflation/images/charts/Oil/Gasoline_inflation_chart.htm http
by learc83 15y ago
Gas prices have gone up, but adjusted for inflation not outrageously so.
http://inflationdata.com/inflation/images/charts/Oil/Gasoline_inflation_chart.htm http://inflationdata.com/inflation/images/charts/Oil/Gasolin...
Additionally gasoline isn't the only energy source. Once solar power reaches grid parity and electric cars are popular gas prices won't mean much.
You're right that energy is finite and if we stay on the current energy consumption growth curve, energy will continue to get more expensive.
However by that logic--extrapolating the decrease in time it takes me to run a mile each week--I'll be able to teleport in a few months.
Population growth slows when a country becomes developed and at some point we will reach an equilibrium.
- icebraining 15y agoGas prices have gone up, but adjusted for inflation not outrageously so. But gas prices are themselves a big (maybe even the largest?) drivers of inflation, since they are not only counted themselves as they result in price raises for a lot of other products, like food.
- learc83 15y agoYou can look at gas prices as a percent of personal expenditures to see gasolines direct cost to the consumer. You'll see a similar curve. http://jerrykhachoyan.com/gas-expenditures-as-a-percent-of-pce/ http://jerrykhachoyan.com/gas-expenditures-as-a-percent-of-p... Yes other components of personal expenditure are affected by gas prices which affects the percentage, but when an individual is considering where to live the only component of gas price that matters is it's direct cost.
- bodigital 15y agoYou mean indicator of inflation. Inflation is the cause.