Thursday, September 14, 2006
GASOLINE
I am not sure about where you live but, here, we have seen gas prices drop about 60 cents a gallon over the last couple of weeks. It doesn't make sense to me. The primary reason as to "why" we hear is that the peak driving season is now over.
Let's think about that ...
According to howstuffworks.com and another source, Americans use about 400,000,000 gallons of gasoline each day. I am sure that number includes industrial uses but those costs trickle down to consumers as well. Let's say that, for about four months (120 days), we were paying 60 cents a gallon more than we are today. That amounts to $240,000,000 per day, multiplied by 120 days ...
a staggering 2.8 (almost 2.9) billion dollars! That is roughly $100 for every man, woman, and child in the country -- in just four months!
That is money re-distributed in the American economy from where we had all expected it to go, say, at the first of the year. And we think there aren't businesses out there hurting from a decline in sales this year due to consumers having to spend so much more on gasoline? Baloney!
Where would you have rather spent your family's $100 per person this summer?
Let's think about that ...
According to howstuffworks.com and another source, Americans use about 400,000,000 gallons of gasoline each day. I am sure that number includes industrial uses but those costs trickle down to consumers as well. Let's say that, for about four months (120 days), we were paying 60 cents a gallon more than we are today. That amounts to $240,000,000 per day, multiplied by 120 days ...
a staggering 2.8 (almost 2.9) billion dollars! That is roughly $100 for every man, woman, and child in the country -- in just four months!
That is money re-distributed in the American economy from where we had all expected it to go, say, at the first of the year. And we think there aren't businesses out there hurting from a decline in sales this year due to consumers having to spend so much more on gasoline? Baloney!
Where would you have rather spent your family's $100 per person this summer?
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