Here we go again…
AAA just announced that gas prices nationwide have spiked. What’s more, they’re higher even than last year at this time. No surprise. It’s just part of a “new normal” that’s left us all numb. Like finally old gas has been replaced by new higher priced gas.
Let’s do a little math.
Gas prices six years ago were $1.85 – nearly $2.00 a gallon lower than today. The average American drives more than 12,000 miles per year and averages about 25 miles per gallon. And most Americans have more than two cars and two drivers per household, meaning households have paid more than $11,000 extra to get nothing extra.
A lot of what’s wrong with our economy doesn’t weigh as heavily on us as the cost of energy. It factors into higher grocery prices as well as most consumer items. Is that a big deal? Consumer spending is 70% of the GDP. What else would you do with your family’s extra $11,000?
Energy is complicated.
How was it produced? How was it delivered? What did they add to it? How much and who exactly is taxing it?
Look how Vladimir Putin struck fear in Europeans by controlling the natural gas they need that’s exported from Russia.
Energy is political. It makes the other guys appear “evil” to those on the opposite side. So now that we’re effectively divided, who’s ready to be conquered?
If the price of energy goes up anymore, the phrase “crude oil” should be changed to “obscene oil.”