What is?

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Nope not facetious at all...you're graph doesn't represent what actually came out of peop,especially pockets...if you wanted to use a useful "average" for your argument...the average percentage of income spent on gas would be more representative...but you didn't because it don't validate your 10 cent bump bullshit...
That’s exactly what the graph represents.
Seriously, gave you never heard of things like the CPI, adjusting for inflation, cost averaging, etc?

No joke. Without posting a meme or some other nonsense, do you honestly believe that gas is more expensive now than in the past?

BTW - Several weeks ago I posted the average income spent on energy. It’s been about 3% for decades.
 
That’s exactly what the graph represents.
Seriously, gave you never heard of things like the CPI, adjusting for inflation, cost averaging, etc?

No joke. Without posting a meme or some other nonsense, do you honestly believe that gas is more expensive now than in the past?
No it's not a percentage of income on you graph...it's glossed and lacking...it doesn't prove your 10 cent bump in anyways because it doesn't reflect real world cost...

Your 10 cent hump doesn't explain how it used to cost me just under $30 a week to commute...then it was around $65...now it's $48...real world doesn't correlate to 10 cents more per gallon..
 
gasoline.png


 
That shows an approximate of 1% difference between your '78 and '11...that number is even higher today when figuring percentage of income spent on gas...
 
No it's not a percentage of income on you graph...it's glossed and lacking...it doesn't prove your 10 cent bump in anyways because it doesn't reflect real world cost...

Your 10 cent hump doesn't explain how it used to cost me just under $30 a week to commute...then it was around $65...now it's $48...real world doesn't correlate to 10 cents more per gallon..
You keep saying “real world cost”, yet don’t seem to understand that when you talk the “real price” of gas over time, it is factoring in all of the “real world” stuff that goes on.

Honest question: do you know what the CPI is, and how inflation factors in to calculating “real” prices from historical info?
 
Honest question before I head off to bed... Do you think, Rob, that anyone gives a shit about cost over time or what something cost 40 years ago over what they are paying right now, TODAY'S prices?

Like we are all sitting around going man, gas is $4.30 a gallon, thank god I only paid $2.00 a gallon under Trump... that more than makes up for current prices.
 
You keep saying “real world cost”, yet don’t seem to understand that when you talk the “real price” of gas over time, it is factoring in all of the “real world” stuff that goes on.

Honest question: do you know what the CPI is, and how inflation factors in to calculating “real” prices from historical info?
Yes I know what cpi is...I also know it's very limited in its usefulness...


It's nowhere near the argument winner you think it is...the way it's calculated has been revised,many times over the years...and even economic experts don't put full weight on cpi...it's kind of like a battery light on your dash...it can tell you something is going on...even give you a fairly decent general idea of what's happening...but it's just a small piece...
 
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