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 - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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