8
May
Keeping US petrol below $4/gallon one pump at a time
Dubbed as the only way that gas will stay below four dollars a gallon, US papers have picked up on an interesting story that has arisen out of the huge increase in Oil prices over the last few years.
The Seattle Post Intelligencer reports:
As gas prices rise, some stations with older pumps are encountering an unexpected challenge: They can't be set to charge more than $3.99 9/10 per gallon.
For example, take the three pumps at Vashon Island's Engels Repair & Towing -- please, said Lou Engels, 68, who has owned the garage for 41 years.
"When I bought these brand-new in 1995, nobody could imagine gas would ever be higher than $3.99 a gallon," he said.
"Now, it would cost thousands of dollars to replace them, and the upgrades for the pumps are back-ordered.
Back-ordered?! Who says recessions aren't good for (very, very few) businesses? But seriously, this is exacly the kind of real-world problems that occur due to currency inflation. In the abstract it hardly matters what number is assigned to what value, but when it comes to having to use a wheelbarrow to transport your wages home the economists have to take a break from the ivory-tower-thinking.
3 Comments Add Comment
it may be $4 1/2 gallon or
it may be $4 1/2 gallon or sell by the pint cost is the same but looks cheeper
Thanks Peter always glad of
Thanks Peter
always glad of your input!
Ed
thanks for more reliable
thanks for more reliable information once again. I awaite each day to see what you are
delving into this time. keep it up, please !. aclear and incisive service!