Harry K wrote:
Jim wrote:
~^Johnny^~ wrote:

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On Sat, 3 Sep 2005 04:47:20 +1000, "Rod Speed"
wrote:

Harry K wrote

The higher the rise, the higher the final price will be when the
crisis is over.

Have fun explaining how come that didnt happen after the 70s.

Like hell it didn't!

I watched Los Angeles gasoline prices more than double after the
1973 oil embargo, and they never returned to less than 60 cents per
gallon, up from 28 cents per gallon.

Of course you ignore the fact that TAXES also increased, and TAXES
were always part of the total cost at the pump during that time.

Then, in 1980, Reaganomics
hiked prices again, to over a dollar and a quarter per gallon.
Same story.

Wow! That's amazing. From you we learn that not only did
"Reagonomics *hike* oil prices, but they did so in the year *before*
Reagan himself even became the President. Reality check: Oil
prices dropped after the stupid price controls of the 1970s were
dropped and they dropped again in the mid-1980s.



What do you know, from behind your computer station in Australia!!!

What do you know, from behind your computer station in some alternate
reality!!!

The reality is that after every rise due to shortages, the price dropped.
Yes. But it never in any of them dropped back to where they started.

Lie.

I first started buying gas in the late 40s. Never
once did it drop back to the beginning levels.

Lie.

YOu insist it did. Simple. Post your proof.

How odd that you made the original claim and havent posted a shred of proof.