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Retail gas prices have been just about flat for 50 years. Energy expenses as a fraction of GDP have never been lower. Household spending on motor fuels is also
by jeffbee 3y ago
Retail gas prices have been just about flat for 50 years. Energy expenses as a fraction of GDP have never been lower. Household spending on motor fuels is also historically low. I really have no idea why people point to gas prices, which are objectively dirt cheap.
- landemva 3y agoFlat? Not in the USA where I lived. A gallon of gas was 0.99 in 1999, and also 0.99 for a brief time in 2020. It is now $3+.
- Racing0461 3y ago> Energy expenses as a fraction of GDP have never been lower This is the kind of bullshit i'm talking about.