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Non-Tech : $2 or higher gas - Can ethanol make a comeback? -- Ignore unavailable to you. Want to Upgrade?

To: tahoe_bound who wrote (80)	10/19/2004 7:49:33 PM
From: TimF	Respond to of 2801

The fact that some costs are exploding doesn't mean overall inflation is high. I can easily believe that the official CPI estimate underestimates inflation but I don't think it does so by an enormous amount. But then the eventual effects of say a .5% per year underestimate would be pretty large after awhile do to compounding effects. But then if inflation is a bit higher then the official estimates suggest my point about gasoline being well below its peek when you adjust for inflation, is even stronger. I had a much longer response but my browser locked up and I didn't feel like recreating it. Tim