Gas And The Golden Banana
Gas and the Golden Banana
On May 22, 2008, we saw oil prices hit a record $135.09 a barrel. “The nationwide average for a gallon of regular unleaded rose eight-tenths of a cent to $3.952 with experts predicting that number to exceed $4 per gallon as soon as next week” (Cnnmoney.com). The AAA survey shows gas prices are up nearly 10% from a month ago and almost 24% higher from year-ago levels. When consumers go into the Arco for a coke and a fill-up, what they may not be noticing is that the price of that coke is rising faster than that $4.09 gallon of unleaded which had been $3.95 two days before. Someone has to pay Coca-cola for delivering their product and did you honestly think that Arco was going to eat the $.14 increase per gallon to refuel Coca-cola’s delivery trucks? The difference is getting passed to the consumer not only for delivering that ice cold coke in the middle of summer, but as well as the $.02 extra on a postage stamp, and the $2.00 sur-charge on......
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