The Associated Press and Trilby Lundberg are at it again...those record gas prices that aren't a record. Morons!<br><br><br>Lundberg Survey: Gas Prices Hit Record $2.33 a Gallon<br><br>Sunday, July 10, 2005<br><br><br><br>CAMARILLO, Calif. — Gas prices (search) have hit a record high of $2.33 a gallon, pushed up by the climbing cost of oil and strong demand in the midst of the summer vacation season, an industry analyst said Sunday.<br><br>Motorists could have more bad news on the way, with Hurricane Dennis (search) bedeviling Gulf of Mexico oil production, which could send pump prices to even loftier levels.<br><br>The $2.33-a-gallon mark — a national average for all grades of gasoline — narrowly surpassed the prior record of $2.32 set in April, said Trilby Lundberg (search), who publishes the semimonthly Lundberg Survey of 7,000 gas stations around the country. The figures are not adjusted for inflation.<br><br>The record price, based on figures compiled Friday, was up nearly a dime from the survey two weeks earlier.<br><br>"It's quite possible, if crude oil prices remain around $60 a barrel, that retail gasoline prices might rise a bit more because of strong demand," Lundberg said.<br><br>According to the survey, self-serve regular averaged $2.31 a gallon nationwide, up from $2.21 on June 24. Midgrade averaged $2.40, with premium-grade hitting $2.50.<br><br>Among the stations included in the survey, the highest price for unleaded regular was in San Diego at $2.55 a gallon. The best deal was in Charleston, S.C., at $2.09 a gallon.<br><br>The $2.33 mark remained well below the inflation-adjusted high — $3.03 a gallon, in March 1981.<br><br>Oil prices settled just below $60 a barrel on Friday. The Group of Eight industrialized nations, which met last week in Scotland, said that surging oil prices posed a risk for the world economy.<br><br>Lundberg noted that demand for gasoline was up 2.5 percent compared to last June, despite the jump in prices. A stronger economy, she said, made the price "more absorbable" for consumers.<br><br>
<blockquote><font size=1>In reply to:</font><hr><p> The Associated Press and Trilby Lundberg are at it again...those record gas prices that aren't a record. Morons! <p><hr></blockquote><p>they are a record in our time even though adjusted for inflation they may not be the "all time record".<br><br>Regardless Bryan- they HURT everyone.!! record- smeckord can't tell me many aren't hurting from this...<br>I remembner many conservative moaning how bad gas was under Carter.<br>Well here we are again !! <br><br>But unlike them, I don't blame the President first... it's CONSUMERS that are to blame the most (their gas guzzling ways); maybe Congress for not passing stronger CAFE laws; and the auto makers for being so dumb and building all the gas guzzlers in the first place. Now they can't GIVE them away... passed a GM dealer the other day that was advertizing $12,000 discounts !! .... gee maybe on a Surburban, ya think ?? <br><br>NO thanks, GM !! (General morons)<br><br>David (OFI)<br>
It was a buck 95 a year ago...<br>then again, twaz 70 something cents a decade ago maybe...<br>b t w...<br>where you living<br>what you talking' about?<br>you know and I know that so many wrongs<br>never make sense...<br><br>you're not real<br>you're in la la lame land...<br>dope.<br><br>me, I'm in survival land<br>getting harder and harder as the oblivion tactics are pushed<br>and pursued by the ignorant bastards aka the lost cause...<br>the lost nature and clean air for that matter<br><br>For those that are cool with totalitarianism<br>Eat your slop and die slow... (yeah been fed up for so long it's rancor baby!)<br><br>- Peace & Love.
<blockquote><font size=1>In reply to:</font><hr><p>he $2.33 mark remained well below the inflation-adjusted high — $3.03 a gallon, in March 1981.<p><hr></blockquote><p><br>Given that oil prices rising is one of biggest factors of inflation, I'm not sure how valid it is to simply "adjust for inflation". The price of oil rising is probably the biggest reason for inflation in the first place. Given that, isn't it perfectly valid to leave the inflation adjustment out of the comparison?<br><br><br>
Only an economic dunce wouldn't adjust for inflation. <br><br>You simply cannot compare prices from one era to the next without adjusting for it. Let's not give people an inflation adjustment one year on their welfare handouts and see how quickly people embrace the idea. <br><br>
Ahh protectionism...so fast to embrace American big business at the expense of the consumer. I'm sure you'd gladly pay 2 to 3 times as much for your Macintosh computer to ensure it was made exclusively in the United States. <br><br>Protectionism drives up the price of everything.<br><br>--It drives up the price of milk<br><br>--It's driving up the price of sugar. Ever wonder why everything is made with corn syrup? Thank the government!<br><br>--It's driving up the price of steel<br><br>And on and on. Free trade benefits us all. The more, the merrier. <br><br>
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