Gasoline prices
By Dr. Walter E. Williams
Townhall.com
Nationally, the average per gallon price for regular gasoline is $2.50.
Are gasoline prices high? That's not the best way to ask that question. It's akin to asking, "Is Williams tall?" The average height of U.S. women is 5'4", and for men, it's 5'10". Being 6'4", I'd be tall relative to the general U.S. population. But put me on a basketball court, next to the average NBA basketball player, and I wouldn't be tall; I'd be short. So when we ask whether a price is high or low, we have to ask relative to what.
Townhall.com
Nationally, the average per gallon price for regular gasoline is $2.50.
Are gasoline prices high? That's not the best way to ask that question. It's akin to asking, "Is Williams tall?" The average height of U.S. women is 5'4", and for men, it's 5'10". Being 6'4", I'd be tall relative to the general U.S. population. But put me on a basketball court, next to the average NBA basketball player, and I wouldn't be tall; I'd be short. So when we ask whether a price is high or low, we have to ask relative to what.
posted by Andy W. Rogers | 10:11 AM
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