history of gas price

When you're learning about something new, it's easy to feel overwhelmed by the sheer amount of relevant information available. This informative article should help you focus on the central points.

This will be the highest jump in gasoline prices we have had since January this year. The increase of gasoline clearly does not only affect the people but also our economy. Back when gasoline reached over $2.00 per gallon you could see lower sales of SUV's and other large vehicles. People just could not afford to drive these type cars and trucks.

Just imagine what will happen now when prices exceed $3.00. Not only will it affect our economy on a larger scale but for a lot of people it may be devastating. If you base what you do on inaccurate information, you might be unpleasantly surprised by the consequences. Make sure you get the whole gas price history story from informed sources. Personally I cannot drive my car as much as I would like to. I actually have to limit my driving and make priorities of when do I really have to go somewhere.

Think about this. The minimum wage is around $5.50 in the USA. This means after you pay your state taxes, federal taxes and FICA. Of that hours work you are basically left with enough money to buy one gallon of gasoline which might take you 15-20 miles down the road. (Not to mention the price of gasoline is loaded with more Federal and State taxes.) In other words you have to work one hour to be able to drive for 15 minutes.
Gee, they say owning a car is a luxury and a privilege. Time for a reality check again.

For most Americans a car is a basic necessity. Is the government mentioning that they will do anything about this? (Like lower the Federal and State taxes on gasoline) NO! They are not.

As your knowledge about gas price history continues to grow, you will begin to see how gas price history fits into the overall scheme of things. Knowing how something relates to the rest of the world is important too.