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Thursday, March 8, 2012

Gas prices: Impact in 2012

              http://zfacts.com/p/35.  








The graph can be found here. Now, will this effect 2012? The answer is most likely. The trends show gases on a sharp incline and will likely effect the economy negatively.   More money spent on the car is less money spent on food, and other commerce. It will maybe help one industry, and hurt the others. The goevrment actually gets more profit then the actual company, they get about 40 cents per gallon from exons profits, the company itself gets about 2 cents. [1] So if anything the rising gas 1) Pisses people off, 2) is bad for the economy, 3) doesn't even help the oil business much. So this will hurt Obama presidential bid.

 [1] http://www.dailymarkets.com/economy/2011/04/27/gasoline-taxes-vs-exxon-profit-per-gallon/                      
























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