joe_padavano said:andrewmp6 said:Gas prices mean nothing to me...
This is exactly the problem. Gas has jumped from $2 to $4 a gallon in the last couple of years and yet consumption stays at the same level. Economics 101 says the oil companies still don't charge enough. Of course, these are the same Americans who willingly pay $4 for a $1 cup of coffee. When consumption starts to drop off (for real, not the stupid "don't buy gas on Wednesday" BS), THEN the prices will stabilize and even start to come down.
That sad fact is demand wont go down. Not with the rapid industrialization of India and China. Supply simply cannot keep up and thus we are seeing higher prices. Our government taxing the fuel doesnt help our situation here either. Even worse, were starting to see the effects, not only at the pump, but at the grocery store, where food prices have soared. 3rd world countries are now increasingly unstable as your seeing riots in Haiti over poor folks not being able to afford the price of food. Big oil really has a domino effect on the whole structure. Stability in the middle east is key as well. And as we are on the brink with Iran, it only seems to be getting worse here and over there as we struggle get oil output levels up in Iraq to what they were before to the invasion/occupation.