Good graph of gas prices due to wars

[jufreese]

http://img262.imageshack.us/img262/1291/zfactsgasolinepricerz1.gif

[Knightskye]

Ron Paul, during the Facebook Debate I believe, said there was an article in the Wall Street Journal that said the price of oil wasn't rising, but that inflation caused gas to be more expensive. Thanks for the graph anyway. :rolleyes:

[RonPaulCult]

Ron Paul, during the Facebook Debate I believe, said there was an article in the Wall Street Journal that said the price of oil wasn't rising, but that inflation caused gas to be more expensive. Thanks for the graph anyway. :rolleyes:

Well I'm pretty sure it's both things contributing to it but even if not - the Iraq war sure is leading to the inflation so...

[sands]

compare the price of gas in terms of gold!

[krott5333]

"Value" of gasoline/oil has only risen 20% in the last 7 years or so.. the other 330% is inflation.

[mortepa]

compare the price of gas in terms of gold!

This was excatly my first thought too...

As my wife once said: "like minds think alike" haha (seriously)

[foofighter20x]

You forgot to attribute the spike in 1979 to the Soviet-Afghan War and the Iranian Revolution.

[foofighter20x]

And the spike before 9/11 was the whole Clinton-bombs-Iraq-to-distract-from-his-impeachment thing...

[nist7]

The graph is misleading because it does not adjust for inflation.

[inibo]

compare the price of gas in terms of gold!

Like this?
http://psychohistory.files.wordpress.com/2008/01/oildollareurogold.jpg
http://psychohistory.files.wordpress.com/2008/01/oilquote1.jpg

http://online.wsj.com/article/SB119941453085566759.html?mod=opinion_main_review_ and_outlooks

[Mesogen]

They print the money to finance the wars on credit. This raises prices shortly thereafter.