Posted 4 years ago on Aug. 7, 2012, 3:41 p.m. EST by john23
This content is user submitted and not an official statement
Filling up my car yesterday morning, it was a small shock to see the $67 end result. The surprise was only small mainly because expensive gasoline has been the norm since at least 2004.
Importantly, and as readers of this column know well, there’s nothing about gasoline that’s presently expensive. Measured in the constant that is gold, gasoline (leaving out the various taxes imposed by cities, states and the feds) is pretty much the same price as it was in 1971 when President Nixon committed the ghastly error of unhinging the dollar from gold........continued: