March 27, 2015

Blog responses on gasoline prices

Published 12:00 am Wednesday, December 2, 2009

Have gasoline prices got your anger fueled? Here are comments left on the Kannapolis blog on www. salisburypost.com on that topic:- Whig Kid: My “thoughts on gasoline prices” are that people need to make lifestyle choices that are more responsible in where they live, work and play. The extra costs are but one consequence of a recklessly luxurious lifestyle, particularly when climate change is factored in.
Those of us who live in Salisbury, and those residents along Hwy. 150 who are preparing to be welcomed to Salisbury, will have short enough commutes that gas prices will not impact us too much. Those who choose to live way out in the county, on the other hand, will likely spend more on gasoline than any property taxes the city could possibly add to your soon-to-be annexed area. Just think of it as another amenity offered by your close proximity to Salisbury.
– Holsie: I’m fairly new to the area. Gasoline prices here are not so high compared to California, though. So far, Kannapolis seems to be a neighborly place. As gas prices rise, perhaps more people will choose to live short distances from work. It could further connect us with our neighbors, and therefore, ourselves.
– wb20: A bit of perspective for the alarmists….
For instance, let’s look at 1955, a year most of us associate with big cars, big engines, and cheap fuel ń automotive glory days, as it were. Gasoline sold for 29 cents per gallon. But one dollar in 1955 was worth more than one dollar today. If we were using today’s dollars, gasoline would have cost $1.76 per gallon in 1955.
Gasoline now costs around $3, so we are worse off than in 1955, right? No. Because we were poorer in 1955 than we are today, $1.76 then had a bigger impact on the pocketbook (that is, it represented a larger fraction of income) than $1.76 today. If we adjust gasoline prices not only for inflation but also changes in disposable per capita income (defined as income minus taxes), gasoline today would have to cost $5.17 per gallon to have the same impact as 29 cents in 1955.
This week’s question: What do you think of this season’s American Idol hopefuls? To comment, go to www.salisburypost.com, click on “Blogs” and look under the “Kannapolis” heading.

Comments

comments

Crime

Man responsible for car break-ins arrested in Mooresville

Business

Chamber of Commerce qualifies for national award

Crime

Casey Parsons gets 10 years, Sandy, 8; judge says Erica Parsons no longer exists

Crime

Teen, juvenile charged in Mooresville drug sting

Entertainment

After 50 years, Dan Truhitte still hears ‘The Sound of Music’

News

Warren to have town hall meeting in Salisbury

News

Senate’s sales tax bill would hurt Rowan’s cities and towns

China Grove

Enochville Fire Department gets 34-foot water tank delivery

Local

Rowan’s population up a few hundred in census estimates

Crime

Crime blotter: Police investigating arson at Piedmont Correction

Education

Bestselling author Kimberla Lawson Roby to speak at Livingstone Women in History event today

News

Kitchen fire damages home

Local

Free haircuts for veterans April 20 at Made Man

Local

Posters March 27

Local

Nominations being accepted for preservation awards

Local

‘McFarland USA’ runner to speak in Salisbury on Saturday

News

City partners with Salisbury Youth Council on stormwater initiative

Check this out

Silver Spoons program provides veterans a helping hand

Crime

Salisbury man charged with rape of young girl

Crime

Man arrested, will be picked up by U.S. Marshals

News

Adams headlines fundraising lunch for Rowan Democrats

Education

Bleachers get new look at West Rowan

Education

Jeanie Groh column: As board chair, Wagner sees things from a different perspective

Crime

Spencer Police release images of armed robbery suspects