I think that is a good point of view. It's hard to adjust to though when you have lived through the late 90's and buying fuel during that time. I do know that incomes have gone up and most households consist of two incomes. Europe's gas prices are far higher than ours.
Now what does piss me off is that despite that justification for the pricing increase. Exxon records the largest profit ever for a US based company.....
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NEW YORK (CNNMoney.com) -- Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company
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Exxon also set an annual profit record by earning $40.61 billion last year - or nearly $1,300 per second in 2007. That exceeded its previous record of $39.5 billion in 2006
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http://money.cnn.com/2008/02/01/news...xxon_earnings/
So while everything goes up in costs it would appear that the oil companies are guilty as hell for price gouging.
-TAZ