Quote:
Originally Posted by Sweetpea
An American saying they have high prices at the gas pump...
Your prices are nothing compared to ours. What you pay for a gallon is about the same as what we pay for a liter...
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High prices are relative. They are high to
us. What has been the shock has not been the total price, but the rate of increase. Prices
rose very quickly from a US consumer viewpoint.
And that rapid price rise had effects beyond the gas pump for the car. Gas prices skyrocketed because oil got more expensive, so anything using oil went up in price. Airlines are still trying to cope with increases in the cost of jet fuel, and electricity costs rose in places using oil fired generating plants.
I'm aware you pay more than we do, but that doesn't change my analysis.
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Dennis