Tuesday, October 9, 2012

ECON 1A

With periodic predictability, the price of gasoline at the pump will take a jump upward, accompanied by the usual weeping, wailing and gnashing of teeth.

People, will you never learn? The price of gasoline has always gone up. Sometimes it has gone down a penny, but then, up a dime. The law of supply and demand is fundamental economics. Until there are many more electric vehicles on the road, the price of gasoline will be a cause of pain in the purse.

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