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Much Ado About Gas Prices
markmcb writes "It seems that a week cannot pass without finding big news about gas prices. They're up, they're down ... but why do we care so much? OmniNerd posted an article that aims to put gas prices in perspective. The author takes a look at other commodities and their price variances and applies some simple math in order to make the claim that best-gas-price-hunting is an effort that could be better used on other products. From the article, 'Why the disproportionate emphasis on gas prices in our culture, then? Although some cite a failure of politicians or media populists to account for inflation and purchasing power changes, I think it is simply because gas prices are in your face.'" IMO, the other side to the price of gas is that, especially in developed countries, it has a pervasive effect throughout all layers of the economy — food prices (because of the trucking), schools (busing), etc., etc.
Perhaps the size of the price sign is what matters. Gas prices are shown in large high contrast fonts on every street corner. The price sticker on a bottle of shampoo is less noticeable or sometimes not noticeable at all. You just pick it up and put it in your cart.
In mathmatical terms, figuring that the price sign at a gas station is about 6 feet by 4 feet, and the price sticker on a shelf for a bottle of shampoo is 2 inches by 1 inch, the gas station sign is about 1,728 times larger and thus more emphasis is placed on the price of gas.
What's the Exxon Mobile? Is that like the Popemobile but for the Exxon-Mobil executives?
I thought the article would recommend a new air filter, or some great fuel efficiency boosting fuel additive.
Instead it was about saving money on peppers, the kind you eat, at Kroger... Damn, why did I waste time I could have used hunting for cheaper gas to RTFA!
I only look human.
My mother is a halfling and my dad is an ogre, so that makes me an Ogreling
I'll see your price-per-gallon math and raise you some proportional-area math.
The US is 3,537,438 square miles (land). Finland's is 305,470 (land). So, the US driver must cover 11.58 times as much area. Now that works out to a proportionate gas price of $6.04 / 11.58, or $0.52 per gallon.
The more you regulate a company, the worse its products become.
Hi, its the guy who drives in front of you everday on your commute. I wish you would concentrate not on gas prices or physics, but on the road instead before you prove the "unified car theory" in a massive particle collision.
Yeah, compare that the the overpopulated country of Finland. No space ther to build anything. That is why their phones are so small.
Don't fight for your country, if your country does not fight for you.