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Political Factoid

Supply and Demand 102
Theoretical Capitalism Corrupted Capitalism
  • The supply of oil and
    gasoline is higher today*
    than it was three years ago,
     
  • The demand for oil in
    the U.S. is at its lowest
    level since April of 1997.
  • A gallon of gasoline was
    just $1.90 three years
    ago.
     
  • Today*, the price for a
    gallon of gas is crossing
    the $4.00 line.
 
The reality of supply-side economics?
 
* Early 2012
 
cf.  486, 1061, 1901, 1694, 2583, 4765, 2990, 510
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