Not only did he adjust for the percent of our income we spend on fuel, but also incorporated increases in mileage/efficiency.
Like I said, you probably spend more money on booze than you do fuel.
Friday, July 4, 2008
An Astute Adjustment
Dr. Mark Perry over at U of Michigan Flint has made an interesting adjustment to put the price of gas into perspective.
Not only did he adjust for the percent of our income we spend on fuel, but also incorporated increases in mileage/efficiency.
Like I said, you probably spend more money on booze than you do fuel.
Not only did he adjust for the percent of our income we spend on fuel, but also incorporated increases in mileage/efficiency.
Like I said, you probably spend more money on booze than you do fuel.
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