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I agree. They are still far from the prices we pay in Europe. It's exactly what I said on dKos and it triggered violent comments! BTW, it would be interesting to calculate the difference in fuel prices between the US and Europe in purchasing power parity. It is probably even higher...

However, given the stagnation of the lowest quartiles' wages for several years now, many people in the US are living on a very tight budget and even a small increase in an important feature of their budget (like heating oil for people living in the northern parts of the country) is certainly very painful.

That's the reason why I agree with the idea of increasing taxes on oil products and, at the same time, subsidise people earning less than the median wage, to help them to change their lifestyle (investments in conservation measures, change in the transportation means...) and to support them through the period while the necessary public investments should be made (development of public transportation networks...).  

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Sat Jul 5th, 2008 at 03:27:25 AM EST
[ Parent ]
Purchasing power is an odd thing, no?

Shall we make a basket of goods and see if we can get something of a consensus? Too bad there isn't a LATomatoes.com like there is http://www.losangelesgasprices.com/ -

Things I always buy (in euros)
Bread - 1.20
Tomatoes, vine ripened - 1.50 /kilo
Leeks - 2.10 /kilo
Eggplant - 1.65 /kilo
Various sheep and goat cheeses - 10 /kilo
Various Fruits ~ 2.50-3.00 /kilo

Things bought regularly, but not weekly
Gazole - 1.35 /liter
Coffee at cafe - 1.10 /injection
Coffee American at cafe - 1.50 per cup (includes free internet)
Olive Oil (going down in price) - 4.50 per liter
5 cheap cigars - 3.20

2 liters of 40 weight - 20.00

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Sat Jul 5th, 2008 at 08:17:21 AM EST
[ Parent ]
Hi, siegestate! No wine in your list?

By the way, I will be in Sophia Antipolis on Wednesday for a conference. I am arriving on Tuesday around 20h00. Any chance we could have a drink together?

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Sat Jul 5th, 2008 at 12:34:46 PM EST
[ Parent ]

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