re: #143 John Hughes

Why do Americans always confuse the price of crude oil with the price of gas at the pump? They are linked, but the crude oil price is a lot more important economically than the pump price. It’s not all about you, guys.

Because for us, the price of gas has a significant effect on our economy since we drive everywhere. In my rather fuel efficient Ford Fiesta, I fill up once a week, at about 10 to 11 gallons. For people far poorer than me, the difference between $4 it was during Bush and $1.19 now is massive. Add that across the entire population, and it’s a significant change in spending.