Originally posted by: David Miller
Gasoline prices jumped 12.5 cents per gallon to $4.72 per gallon in San Francisco Monday. The price of gasoline speaks for itself. Now, liars, go ahead and dispute that...
David's lies were not about the present price of gas; those lies were that the price of gas was higher than at nay time in recorded history, stretching back to the time of the pharaohs. The reality is that the price of gas has topped $5 in San Francisco and the Bay Area at least three times since 2000. Furthermore, due to inflation, $4.72 a gallon is roughly equivalent to $2.99 in 2000, or $3.79 in 2010. (I can show you how this is computed if you're interested.)
CPI (Consumer Price Index): 271 in 2020; 218 in 2010; 172 in 2000.
So not only is the present price of gas not even close to a record, it's not even all that historically high.
I remember in particular being in San Jose on vacation in 2010 and seeing that the cheapest price at the pump was $4.99. Adjusted for inflation, that would be $5.87. So $4.72, while higher than it was in 2000, isn't that high on a long-term basis.
The price of gasoline doesn't "speak for itself" because it doesn't speak at all. As one of many, many causes and effects in and of the economy, it means nothing in isolation, any more than, say, the price of kiwi fruit has any kind of profound message behind it.
But if you want to think simplistically, you can certainly take the David Miller approach, whereby you identify one thing you don't like and consider it in isolation. That's the kind of thinking that results when you form the conclusion you want to reach and then consider the facts selectively to reach that conclusion. People who think realize that the conclusion should be the last part of a reasoning process, not the first. But David merely wanted to bitch and moan about Biden, not actually analyze, or God forbid, discuss anything.
And just for grins--I think everyone would rather be in the 2021 Biden economy and pay high gas prices then be in the 2020 Trump economy and not be able to buy toilet paper.