"work time for your gas"

[loki]

found on DIGG.COM

i'm guessing this means how long it would take to drill up, "ship", refine, and ship again and then come out of the pump, an average gallon across the country, based on some determined wage...? or is it just how long you have to drive, wait in a line, pay, and pump the gas?

so if trends continue, it maybe a few years, of this, then prolly drop off again.

first drop took ~20 years, second ~ 7 yrs, the next may take something closer ~5yrs?

prolly some math formula could make a decent prediction (if it does drop off)...

hard to say what the site's (leftbusinessobserver.com), this came from, at a glance, purpose is... take it as you will.

this in the wrong section?

Edited July 16, 2006 by loki

[Igor2]

this measures how many hours an average US resident speds working in its job to pay for the gasoline he or she uses to get to work.

say you spend 20 gallons of gasa month - how many days do you have to work to pay off those 20 galons for that month..

This is similar to BigMac index used to compare the wealth of countries - how many minutes/hours one needs to work to buy a BigMac in their local MickeyD.

Anyways the draph is seduactional, but hard to interpret because there are manyfactors involved:

- What is the average wage / salary in the economy?

- do people have longer commute?

- do people drive fuel inefficient cars?

- are our roads more congested?

- and finally: how much does gas cost.

Igor

[Drew Dowdell]

that graph is showin inflation <or lack there of>

when the line is falling, it shows a combination of the following situations:

( price of gas falling + average wage rising)

When the line is rising, it shows a combination of the following situations:

(price of gas rising + average wage falling)