Friday, November 28, 2014

Oil Prices as QE4

First a little math.

VMT per capita this year 9400 miles.  
Rough average price per gallon for 2014; $2.90. Average fleet fuel mileage 22 mpg.
After all that call it $100 per month per person.
A 10% price decline is $10/mo/pers. 

Maybe this poor thing could buy new clothes that fit with her equivalent of a 2% raise.  

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