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Posts Tagged ‘gas prices’

More Expensive Gas Prices Don’t Hurt Us As Much As They Used To

March 24, 2012

Gas prices are once again dominating the national debate.

But despite rhetoric, high gas prices aren’t hurting as much as they used to.

In 1981, when oil prices spiked following the Iranian Revolution, gasoline represented nearly 5% of the nation’s spending, according to the Bureau of Economic Analysis. In 2011, only 3.7% of spending went to gas, even though prices averaged at their highest level ever that year.

This isn’t to say high gas prices don’t hurt — they do, especially for people living paycheck-to-paycheck or those that drive a lot.

More expensive gas prices don’t hurt as much when you are living in a van down by the river.

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Obama Does Stand Up, No One Laughing Due To Gas Pains

May 1, 2011

President Barack Obama exacted his revenge Saturday after weeks of attacks from his would-be Republican challenger Donald Trump, joking that the billionaire businessman could bring change to the White House, transforming it from a stately mansion into a tacky casino with a whirlpool in the garden. 

 The president said Trump has shown the acumen of a future president, from firing Gary Busey on a recent episode of “Celebrity Apprentice” to focusing so much time on conspiracy theories about Obama’s birthplace. After a week when Obama released his long-form Hawaii birth certificate, he said Trump could now focus on the serious issues, from whether the moon landing actually happened to “where are Biggie and Tupac?”

Obama jokes, while no one laughs at the gas pumps.