YOU OBVIOUSLY DO NOT PAY ANY ATTENTION TO CURRENT EVENTS BECAUSE IF YOU DID, YOU WOULD KNOW GAS PRICES OVER IN THE MIDDLE EAST ARE UNDER $1 A GALLON! YOU FUCKIN' SCHMUCK!
BITCH!
Gas prices are lower in major oil producing countries because they have lower demand, greater refining capacity, lower distribution cost, and generally domestic laws and subsidies that protect their consumers from high prices.
Your all caps complaint about Middle East gas prices is illogical for many reasons, but here are just two.
- The people in these countries have seen gas prices rise at an equal if not higher rate than the U.S.
- If an apple farmer wants to eat apples should he pay as much as the businessman that grows nothing and shops at a grocery store? - the answer is NO. Similarly, countries that supply the world with oil should not have to pay as much for the product as countries that produce little yet demand much.
these gas prices are the ONLY reason why our economy is on the fritz right now,
Mr. Rictus? are you fuckin' blind or just dumb as fuck?
do you watch the news, read the newspaper or get outside every once in awhile???
YOU ARE A COMPLETE IMBECILE IF YOU BELIEVE THE GAS PRICES NOW HAVE NO EFFECT ON TODAYS ECONOMY....COMPLETE FUCKIN MORON. AND YOU HAVE THE NERVE TO CALL ME RETARDED! LOL
So you’ve gone from it being the only reason to it now being a contributing factor? Which is it? Maybe we should start a siccness fund to get you one of these to aid in your back pedaling.
Also I never said gas prices had no effect on the economy. But I did emphasize they were not the cause of the current economic woes, which they are not.
High gas prices are a symptom of the weak economy more than a cause for it. Crude oil accounts for about 70% of the pump price of gas. There are other reasons gas prices are high independent of oil prices, but I’ll dumb this down as much as possible for you since you’re so dim.
If gas prices go up because oil prices go up; why are oil prices going up?
Oil prices are high in large part to the weakening U.S. economy. Crude oil is traded in dollars. The U.S. dollar’s value has steadily been decreasing thanks the in inflationary practices of the Federal Reserve (in their attempt to strengthen the economy). The decreasing value of the dollar requires oil producers to raise the cost of their product so that they can maintain previous levels of profit.
Worsening economy
fed rate cuts
inflation of price of goods and services & devaluation of currency
high oil prices
high gas prices (prices which remain high because there is little to no change in demand - thus no incentive to lower)
Yet, if we were to apply how the market operates with your twisted logic (I guess we can call it “logic” for sake of argument) Oil prices are high because gas prices are high.
High gas prices
high oil prices
worsening economy
WHAT IS IT THAT MAKES YOUR OPINION THAT MUCH BETTER THEN EVERYONE ELSES? . . . IT HAS TO BE SOMETHING SINCE YOU ARE SO SUPERIOR TO SOME OF US ON HERE, THAT OUR OPINIONS DONT MEAN SHIT.
Not everyone else’s, just most, you in particular - yes.
Reasons include:
Higher education, IQ, and interest level in the subject matter.
Yet, in contrast, you have proven to not even have a basic grasp of the foundations of micro & macro economics and have trouble with rudimentary grammar and the formulating of sentences.
