Saturday, September 6, 2008
Amateur Economics with Oil Prices
Because my day is generally pretty slow, I like to follow the economy via Yahoo Finance. The most common thing I like to follow is the price of crude oil, because damn it, I'm getting tired of gas prices, so I decided to do a little bit of math here to figure when gas prices will get down into range, ladies and gents, Amateur Economics:
(Disclaimer: My history with Economics is the course I took to graduate High School and then a Macro-Economic Principles class I took my second semester of college, so really, don't debate using the information you see here)
So without further adieu, here goes nothing:
| Date | Price of Oil | Price of Gas | Percentage |
| 4-Sep | 75 | 2.94 | 3.920% |
| 1-Jan | 100 | 3.3 | 3.300% |
| 10-Mar | 110 | 3.33 | 3.027% |
| 5-May | 120 | 3.8 | 3.167% |
| 25-May | 130 | 4.15 | 3.192% |
| 3-Jul | 147 | 4.39 | 2.986% |
| 20-Jul | 130 | 4.24 | 3.262% |
| 10-Aug | 120 | 4.09 | 3.408% |
| 1-Sep | 110 | 3.8 | 3.455% |
| 5-Sep | 106 | 3.78 | 3.566% |
From this math, I've concluded that the price of gas is usually around 3% the price of oil. The scary thing is the fact that the lower the price of oil is, there more the gas costs per $, when gas was at it's highest in July, it only made up of 2.9% the price of oil, but when gas gets lower it's more case in point Sep 2007, it made up just shy of 4% the cost of oil. Sure, there are plenty of extenuating circumstances that make this up, but it's something to watch. People are so pleased to see the price of gas go down, they may not realize that its actually THEN and not BEFORE, the oil companies are taking advantage of us. Imagine if it's always a flat 3%, never up, never down, the price of gas could be at 3.18 right now with $106 oil.
Thursday, September 4, 2008
Sarah Palin, VPILF
Although it's not actually correct, she's more like a VPCILF, since she's only the candidate, VPILF sounds better. (I Pronounce it V-PILF, please correct me if I'm wrong). I decided to throw together some posters for the lovely couple in honor of their new role as presidential and vice presidencial candidates.
These were literally thrown together in 15 minutes between google searching for pics and randomly thinking of a tagline. I'll gladly accept any ideas, email me your tagline at 02sense@live.com, you can send the full picture or just the tagline and what you want it to look like and I'll eventually have a post of just submitted posters, enjoy.