Well yeah, it changed. In the late 1960s, there was gas around for 25 cents a gallon. So, was it overly cheap then, is it overpriced now, or somewhere inbetween?
I also could of bought a brand new Renault of Volkswagen car for under $1000 - or a new Corvette for $5000.
I like cheap gas - but the reality is - it just leads to spoiled people and extreme waste.
Same with household heating. Right now, it's 11 below zero F outside (real temp, not wind-chill). Many people are heating with oil at over $3 per gallon - and yet, many new houses are being built with the same heating systems. Those people will later whine about the cost of heating - instead of building with an alternative source.
My point about the 10% profit-margin for Exxon - is how often people don't understand what they read and then spout off about it - like a few people on this forum misquoting the Wall Street Journal. Politicians rely on this sort of thing. They create "bad guys" in the public eye and avert attention from the real issues. There are many US companies with much higher profit margins than EXXON.
If someone has an argument - argue the genuine facts and not misleading headlines and/or soundbites.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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