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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review March 9, 2005 / 28 Adar I, 5765

Gasoline prices 2005: An inflation-adjusted bargain

By John Stossel


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http://www.JewishWorldReview.com | They've been saying it on TV, morning and night: "The price of gasoline has risen again to a record high!" said one newscast, "The high prices are making it harder for some to keep their heads above water," said another. "Record high prices!" we keep hearing. "They don't even put the price on the sign anymore," joked Jay Leno on the "Tonight Show." "It just says, 'If you have to ask, you can't afford it.'"

Drivers aren't laughing. They think what they see at the pump confirms what they've heard on TV. One told me the prices are "scary." A woman said gas was "going up and up and up, and it's the most expensive it's ever been." And she was on a bike.

Well, it's time to wake up from the gas-price nightmare. All these media people are saying the gas prices are high for one simple, simple-minded reason: They are looking at big numbers — but they are not accounting for inflation. So the numbers look bigger than the costs actually are. That's what inflation does. The reporting is irresponsible and silly. Not adjusting for inflation would mean "Shrek 2" is one of the highest-grossing movies of all time.

If you don't account for inflation, lots of prices keep going up. Comparing a price in the dollars of the 1930s — when "Brother, Can You Spare a Dime?" referred to a much more meaningful amount of money than a dime is today — to a price in 2004 dollars is like comparing a price in dollars to a price in yen.

It's not as if the reporters would have to work at doing calculations to figure this out. Not only are there instant inflation calculators on the Web, but the federal Department of Energy accounts for inflation in its annual report of gas prices. It says gas is actually cheaper now than it was throughout most of the 20th century. Yes, it's 65 cents more than it was six years ago, but it's nearly a dollar cheaper than it was for much of the 1920s and '30s — and more than a dollar cheaper than in 1980.

By failing to account for inflation, the media have some Americans so alarmed that we can't think straight. "What costs more," I asked customers at a gas station: "gasoline or bottled water?" The answer I got from almost everyone was gasoline.

At that very gas station, water was for sale at $1.29 for a 24 oz. bottle. That's $6.88 per gallon, three times what the gas station was charging for gasoline.

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It gets sillier. I asked gas station customers, "What costs more, gasoline or ice cream?" Most people said gasoline cost more. But a gallon of gas doesn't even cost as much as a pint of Haagen Dazs, let alone a gallon of it. At $3.39 a pint, "premium" ice cream costs about $27 a gallon.

We should marvel at how cheap gasoline is — what a bargain we're getting from oil companies. After all, it's easy to bottle water, but think about what it takes to produce gasoline and deliver it. Oil has to be sucked out of the ground, sometimes from deep beneath an ocean, a desert, or ice. To get to the oil, the drills often have to bend and dig sideways through as much as five miles of earth. What they find then has to be delivered through long pipelines or shipped in monstrously expensive ships, then converted into three or more different formulas of gasoline and transported in trucks that cost more than $100,000 each. Then your local gas station must spend a fortune on safety devices to satisfy government regulators and make sure you don't blow yourself up. At nearly $2 a gallon (an average of 44 cents of which goes to taxes), gas isn't expensive — it's miraculously cheap!

But all we hear from clueless people in the media is, "Record high gas prices! And they're going up and up." Give Me a Break.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

STOSSEL'S LATEST
Give Me a Break  

Stossel explains how ambitious bureaucrats, intellectually lazy reporters, and greedy lawyers make your life worse even as they claim to protect your interests. Taking on such sacred cows as the FDA, the War on Drugs, and scaremongering environmental activists -- and backing up his trademark irreverence with careful reasoning and research -- he shows how the problems that government tries and fails to fix can be solved better by the extraordinary power of the free market. Sales help fund JWR.




JWR contributor John Stossel is co-anchor of ABC News' "20/20." To comment, please click here.




03/02/05: Washington's labor laws now hurt children more than they protect them
02/23/05: Outsourcers are the bigger job creators?
02/16/05: Selfishness is bad, right?
02/09/05: Fifth Avenue farmers
02/02/05: Buy a bridge? This $200 Million one isn't for sale — it's being paid for by taxpayers and it leads almost nowhere
01/28/05: Aren't science and scholarship supposed to ask questions and open our eyes to facts?
01/26/05: Forced altruism

© 2005, by JFS Productions, Inc. Distributed by Creators Syndicate, Inc.