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Are Gas Prices Too High?

This is a valid question. Common Sense tells us that the value we get from a gallon of gas, as opposed to the alternative, is well worth the price. That really isn’t a valid argument for most so we need to look at it a little deeper.

Coherent Thought has addressed this issue in the past: HIGH GAS PRICES GOT YOU DOWN? which I suggest you read before going on here.

But its been a year so we’ll talk about it again. I recently came across a website that says that gas prices are indeed too high. The site has some great points on its “What Can I Do?” page. Those are all great ideas that will help drive the demand for oil down. Unfortunately, it would take quite literally everyone in the world to take to these ideas to have any impact whatsoever. Also a lot of fuel is used in industrial ways making all of those points invalid in that situation which would leave China with a continued high demand for oil.

The site also makes a huge error in saying that the government has no fault in the high gas prices which is absurdly untrue. The oil companies make about 8 cents on the dollar, refiners about 4 cents, and the U.S. Federal Government has an 18.4 cent tax on every gallon of fuel not to mention state taxes on gasoline.

So Common Sense tells us that the government does indeed have something to do with the price of gasoline.

As to whether its too high, it looks like to me most of you are still DRIVING to work every morning.

So until the price gets so high that you won’t get in your vehicle and drive to work the gas price is not too high.

This entry was posted on May 9, 2008 at 12:04 am and is filed under Gas Prices, Jeremy, Coherent Thoughts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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3 Responses to “Are Gas Prices Too High?”

  1. RBuffordTJ says:
    May 9, 2008 at 9:21 am

    I remember saying “When smokes hit $2.00 a pack I’m stopping”. Well I didn’t. Why not? Because it was still worth it at $2.00 for me, then all the way up to $3.20 a pack. Fear not, I no longer smoke but not because of the cost, because its a stupid habit and is nothing but self destructive.

    Point being, we will continue to pay because we are a mobile society. The cost is still a LONG way from “too high”.

    Bufford

  2. sbrammer says:
    May 9, 2008 at 6:23 pm

    In comparsion to other items that we buy, gas is actually cheap.

    Quart of Milk 16 oz for $1.59 = $6.32 per gallon
    Lipton Ice Tea 16 oz for $1.19 = $9.52 per gallon
    Diet Snapple 16 oz for $1.29 = $10.32 per gallon
    Evian (water) 9 oz for $1.49 = $21.19 per gallon
    STP Brake Fluid 12 oz for $3.15 = $33.60 per gallon
    Pepto Bismol 4 oz for $3.85 = $123.20 per gallon
    Vicks Nyquil 6 oz for $8.35 = $178.13 per gallon
    Whiteout 7 oz for $1.39 = $254.17 per gallon
    Ocean Spray $1.25/16 oz $10.00 per gallon
    Gatorade $1.59 /20 oz $10.17 per gallon
    Scope $0.99/1.5 oz $84.48 per gallon
    1 Gallon of Beer at a Restaurant ($19.20 - assuming $3.00 for a 20oz. frosty mug)

    The link below shows a list of items from tap water to scorpion venom and everything in between in relation to a gallon. Granted, the site is a little old, but still shows a valid point of how cheap gas actually is.

    http://www.cockeyed.com/science/gallon/liquid.html

  3. DangerousNate says:
    May 9, 2008 at 8:32 pm

    We drive to work because we have to, but people are going less places (i.e. the mall and not making further stops to get exactly what we want) that are not needed.

    But if it gets to the point where we can’t even get to work then yes I do agree. Gas prices are “high” in my opinion but tolerable.

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