Question
I was aware that this would be a contentious matter. You mentioned that the current price of fuel at a station near you is $3.59
I was aware that this would be a contentious matter. You mentioned that the current price of fuel at a station near you is $3.59 per gallon; may I ask where you live? The price is currently $4.90 where I am in Springhill, Florida. You mentioned that the price of gasoline in 1995 was $1.11. The consumer price index was 284.575 divided by 152.4, which is 1.97. After that, multiply 1.11 by 1.97 to get 2.18. Using this calculation, the price of a gallon of gasoline in the United States today should be $2.18, but instead we spend $4.90a more than 50 percent increase from what it should be. Because of the rise in the price of gasoline, commuting to work or school will become a financial strain for many people.
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