May. 7th, 2007
interesting way of looking at gas prices
May. 7th, 2007 12:49 pmFrom an article talking about $4/gallon gas coming to the U.S.:
Comparing minutes worked to miles driven is interesting. I do itch to see the numbers that make up the conclusion in the last sentence, though.
In 1980, the average American had to work 105 minutes to buy enough gas to drive the average car 100 miles, David Wyss, chief economist at Standard & Poor's, said in a study last year. By 2006, the average American needed to work only 52 minutes, thanks in part to better fuel efficiency but mostly due to higher wages.
Comparing minutes worked to miles driven is interesting. I do itch to see the numbers that make up the conclusion in the last sentence, though.