Bachmann: I'll get gas under $2

[ChadS]

Why is the govt forcing us to look at inflation-adjusted numbers? Why can’t I see just the historical actual prices? Is it some sort of secret? I would have made weekly notes of them had I known th egovt would be hiding them. That’s my point.

I think because numbers not adjusted for inflation are almost entirely meaningless. It really is like comparing apples to oranges. What good does it do anybody to compare the price of gas today with that of 2 or 3 or 10 years ago? Inflation over those years has steadily gone up and prices are rarely the same as they were then. So to say you paid only $2 for gas a few years back doesn’t take into account the effect inflation has also had on that price. Looking at inflation adjusted numbers is one way to help see how prices have changed and put it in a format easy for people to follow and understand.

ChadS

 

[ManOnFire]

Do people call a 30-point drop in the stock market a major crash like they did in 1929? Inflation-adjusted numbers are more meaningful actually. As are semi-log graphs as the Fed continues to increase the money supply. People were complaining about 45 cent gas in 1971 and went to buying VW to get more miles per gallon. Dollar has decreased substantially in value since 1913. It changes daily in fact. It’s not a Democrat vs Republican thing. That’s my point, although I agree that the government does hide a lot.

That said, be patient. It took me a while to find the Dow prices in a nice downloadable format so in time (maybe I’ll stumble across something in the next hour or two) you’ll probably find the information you want in the format you want.

You might even want to recheck the first website I gave you for raw prices.

WOW they put the page back up! The deception is over for now. There was an error message on this page for the longest time.

Gas was far below a dollar a gallon where I live for a period of time after the US liberated Kuwait. Maybe it was for only part of each calendar year, but I remember it very clearly.

 

[Invincis]

Nope. She is not advocating the government "do something:, but rather “undo something”. That something that needs to be undone are onerous rules and regulations that prevent us from drilling here, so we don’t have to depend on Arab oil (or Venezuelan, for that matter).

Gas prices would drop, as would unemployment when all the drilling jobs kicked in (very good paying jobs, BTW).

To be clear, I absolutely agree with you that the government does most stuff very poorly. Bachmann is asking governmentto get out of the way, though.

We don’t ‘have to depend on Arab oil’. Do some research, for Pete’s sake, we get the majority of our oil from Canada! Not to mention we have enough reserves to last decades. We just WANT all the Arab oil, which is why we insist on invading every country who has it, even if we have to pull a few false flags and tell a few lies to get our wars. And oil companies want profits which is why it doesn’t matter what any president does gas will never be that low again.

 

[Monte_RCMS]

Apologies for resurrecting an old thread, but this old press release just arrived at my computer and it’s relevant:

content.usatoday.com/communities/driveon/post/2011/07/obama-announces-tough-new-gas-mileage-standards----545-mpg/1

Excerpt:

***President Obama is announcing tough fuel-economy standards starting in the 2017 model year, requiring automakers to average 54.5 miles a gallon.

The standard is sure to force dramatic changes in cars, making them smaller, lighter and loaded with higher-tech engines such as hybrids, diesels or other fuel savers. The standard is so tough that relatively few models would meet it.***

I’m sorry, but this standard would just about wipe out the entire new car industry.

 

[SamH]

Excerpt:

***President Obama is announcing tough fuel-economy standards starting in the 2017 model year, requiring automakers to average 54.5 miles a gallon.

The standard is sure to force dramatic changes in cars, making them smaller, lighter and loaded with higher-tech engines such as hybrids, diesels or other fuel savers. The standard is so tough that relatively few models would meet it.***

You also notice they take effect one year after he THINKS he will be leaving office?

 

[ProVobis]

***President Obama is announcing tough fuel-economy standards starting in the 2017 model year, requiring automakers to average 54.5 miles a gallon.

---

Yeh, maybe in a vacuum.

Seems like previous administrations have pushed for high mileages per gallon but they never quite panned out. This is not exactly a new proposal.

 

[DaveBj]

snip

***President Obama is announcing tough fuel-economy standards starting in the 2017 model year, requiring automakers to average 54.5 miles a gallon.

The standard is sure to force dramatic changes in cars, making them smaller, lighter and loaded with higher-tech engines such as hybrids, diesels or other fuel savers. The standard is so tough that relatively few models would meet it.***

I’m sorry, but this standard would just about wipe out the entire new car industry.

My younger son is a fuels expert who works for an additive company. We’ve discussed this from time to time. Bottom line – the only way a fleet of vehicles is going to average 54.5 mpg is if half of them are pedaled.

 

[Vincent_N]

DaveBj:

My younger son is a fuels expert who works for an additive company. We’ve discussed this from time to time. Bottom line – the only way a fleet of vehicles is going to average 54.5 mpg is if half of them are pedaled.

Or they can just change the laws of physics. EZPZ