Not only did he adjust for the percent of our income we spend on fuel, but also incorporated increases in mileage/efficiency.
Like I said, you probably spend more money on booze than you do fuel.
Friday, July 04, 2008
An Astute Adjustment
Dr. Mark Perry over at U of Michigan Flint has made an interesting adjustment to put the price of gas into perspective.
Not only did he adjust for the percent of our income we spend on fuel, but also incorporated increases in mileage/efficiency.
Like I said, you probably spend more money on booze than you do fuel.
Not only did he adjust for the percent of our income we spend on fuel, but also incorporated increases in mileage/efficiency.
Like I said, you probably spend more money on booze than you do fuel.
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2 comments:
*in nasally voice* With 43,000 per capita, that would amount to $301 for to drive 15,000 miles.
Huh.
This graph is a little bit irrelavant, since "passenger cars" excludes light trucks and SUVs. Normalize to what the cars are, not what they could be.
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