The price of gasoline? It’s lame! August 11, 2008

But apparantly it’s not as bad we think? That’s according to these guys anyway: A Big Surprise on Gas. I’m torn. The price of gas is pretty painful, no matter how much Indur M. Goklany and Jerry Taylor, the authors, say it’s equivilant to the level of disposable income as it was in the 1960s. It’s still high. However. I do feel like people in the United States live too tightly–they live on the edge of their finances, and that makes it more painful still when things like gasoline go up. I think that’s why people are cutting back now–because before, they still had some discretionary funds left. But the rapid increases in gas pushed them to their limit. And that’s ok.