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The Water Cooler
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Gas prices on the climb.
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<blockquote data-quote="cjjtulsa" data-source="post: 4084571" data-attributes="member: 6146"><p>My understanding is they no longer figure energy and food into the CPI, like they did in the 70s and 80s, so inflation is actually worse now than it was then. So the price of oil doesn't affect the CPI, if that's the case. And our selling off our strategic oil reserve didn't lower the price at the pump by any more than a handful of pennies.</p></blockquote><p></p>
[QUOTE="cjjtulsa, post: 4084571, member: 6146"] My understanding is they no longer figure energy and food into the CPI, like they did in the 70s and 80s, so inflation is actually worse now than it was then. So the price of oil doesn't affect the CPI, if that's the case. And our selling off our strategic oil reserve didn't lower the price at the pump by any more than a handful of pennies. [/QUOTE]
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Gas prices on the climb.
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