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"That's too much to be paying for a gallon of gas, but you can't do anything about it," one driver said, as he saw the pump meter hit a new record for his car, a fill-up of over $50.]]>http://www.plime.com/plime-com/l/59555/1/http://www.plime.com/plime-com/l/59555/1/plime.com

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« ash77 : As a person from England I can quite rightly say that it costs me £50 - a litre is about £1.10. To fill up my car which is only a 1.2l engine car which holds about 45 litres in it, i guess. I've no idea how much that equates to in gallons - so I think for the moment, you americans have got it lucky that it's this cost. We've been told that it could rise to £1.50 but unfortunately that's life.That doesn't mean we can't b***h about it.

While the price is basically the issue, it is even more an issue because it is on a rather sudden rise. As you can see, in the year 2000, gas prices were "surging" at $1.54/gal, (at that time it was the highest it had been since 1981 when the "record high" was $1.38, this is a rise of 16 cents over the course of 19 years. That's less than a cent a year. It's $3.55 a gallon in NE Ohio right now, and we usually have some of the lower prices in the states. That's a rise of $2.01 in eight years, 25 cents a year (25 times faster a rise than previously).

So did we have it lucky for a while? Yeah. Do we still have it lucky compared to what you're paying? Maybe, that would depend an analysis of our economies that I'm not quite bored enough to perform. Either way, it's a huge sudden increase.]]>http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q10http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q10plime.com vegetable oil]]>http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q9http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q9plime.com http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q8http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q8plime.com http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q7http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q7plime.com http://www.gadling.com/2007/06/26/the-price-of-gas-around-the-world/]]>http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q6http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q6plime.com

Edited to add: Oh, and it's $3.68 around here last I've seen. We have the highest state tax on gas in our region. Sometimes it's worth driving to VA (about 10-15 miles for me) for the .20 gallon drop, especially if you have a big tank).]]>http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q5http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q5plime.com
Supply/Demand pricing doesn't work nearly as well when you have someone artificially limiting supply to boost profits.

Did Adam Smith have a glass crater theory of economics, or was that Robert Oppenheimer?]]>http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q4http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q4plime.com http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q3http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q3plime.com
Up here in Canada it's up to $130/litre.

The UK's looking at around $7/gallon and has pretty much given up complaining.]]>http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q2http://www.plime.com/plime-com/l/59555/1/rss2_0.rss#q2plime.com