Ravenwood - 08/19/05 06:00 AM
CNN-Money, who once took financial advice from record artist Billy Joel, reports that record high gas prices set another record.
Gasoline prices set another high Thursday for their sixth straight record-breaking day, according to travel club AAA's daily fuel gauge report.Although their headline claims that gas prices are at a record high, they later admit they're either lying or were duped by AAA.The nationwide average price for a gallon of regular unleaded hit $2.586, up about 2 cents from the previous day, according to AAA, the largest U.S. motorist organization, formerly known as the American Automobile Association. In the last year, prices have gained almost 72 cents, or almost 39 percent.
Although the AAA has reported a record high price for gasoline, prices remain below their all-time highs when inflation is taken into account. According to the Lundberg Survey, a national survey released over the weekend, gas prices were the equivalent of $3 a gallon during the Iranian revolution in the early 1980's.So shouldn't the article be about how the largest auto club in America is misleading the public?
Category: Blaming the Media
top link me
(c) Ravenwood and Associates, 1990 - 2014