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The Economy Outlook Improves: Raise Gas Prices!

Discussion in 'General Personal Finance Discussions' started by LPH, Jan 25, 2012.

  1. LPH

    LPH Flight Director Flight Instructor

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    My friends and I were discussing the economic outlook and were amused that gas prices directly influence the amount of change in our pockets. We came up with this truism. The economy starts to suffer and people stop buying gasoline. In turn - just like magic - gas prices fall. The economy starts to pick up again - and magic happens - gas prices rise.

    Related or Unrelated?
    Gallup provides the latest graphs and charts to show Americans are feeling better about the economy. Hidden are the ideas that millions of households are learning to live with less due to taking lower pay, lower paying jobs, or part time jobs. Or - the gas prices fell off from their earlier highs and people are feeling a little relief. Eh - too bad - prices are going to go up again.

    In reality, the charts show the same ups and downs over the past 3 years. We are no where near the euphoric feelings of 2007.

    Now consider Exxon Mobil's 41% increase in profits. Ah - that's where all of your money went !
  2. Robert Heiny

    Robert Heiny Research Scientist of Learning and Education Flight Instructor

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    Ah, the magic of supply and demand! Would you willingly trade that relationship for another? Millions pinched? Probably, but the other 90+% in other parts of the country have figured out how to handle fluctuations in fuel and other prices. Aren't fluctuations a calculated risks taught in school, so everyone learns to handle them?

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