Quote:
Originally Posted by Craig
Speculation will explain the little blips but not the long term rise in prices. The weak dollar does have a lot to do with the increase in fuel in the US.
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Read the article that was addressed.
"Note that these are not inflation adjusted, so some upward slope would be expected just because of the slow rise in prices. Inflation from 1990 through 2010 was around 2.7%. The first full year of data is 1991, when gas prices averaged $1.10/gallon. Had they risen by 2.7%/year, they would be $1.87 today. I don’t know if you’ve filled up lately, but they’re a little higher than that!"
05-01-2011, 08:42 PM
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