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Politics : View from the Center and Left

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To: Cogito who wrote (71313)	6/9/2008 7:52:23 PM
From: TimF	Read Replies (2) of 543165

By the way, are you sure that gas prices are not at a high, in terms of inflation-adjusted dollars? I'm not totally sure about oil. I am pretty sure about gasoline. Gasoline was (after adjustment for inflation) over $3/gallon in 1981, but not over $4/gallon (the average in the US now is $4.046 according to gasbuddy.com ) The question is, then, why do you have the Saudi government saying that there is no reason for the current high price of oil? Did they say that? I only saw "The kingdom will work to ensure there will be no "unwarranted and unnatural oil price hikes", which is not the same thing. "We will work to ensure that X doesn't happen", doesn't equal "X has happened".

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