US goverment says gas prices lower in APRIL :-)

[teomaxxx]

Todays CPI just told you that gasoline prices DROPPED 2.0% in APRIL

I already knew that CPI is a lie, but its great to see it the mainstream press:


"Americans are feeling a lot more economic pain than the government's official statistics would lead you to believe, according to a growing number of experts."

http://biz.yahoo.com/cnnm/080514/051308_misery.html

eg.
Bill Gross, the manager of Pimco Total Return, the nation's largest bond fund, refers to the CPI as a "con job" that deliberately understates the price pressures faced by Americans in order to keep Social Security payments and other government costs pegged to the index unduly low.

[F-U-Jimmy]

Their right it went down from $3.80 in April to $4.30 today here in Del Mar
nice one

[GrouchyAdmin]

Sometimes, it's less of a burden when you have a pile of shit and your car is on order. I haven't paid for a new tank in... 6 weeks!

[tony286]

Thats too funny

[sumphatpimp]

so, if I piss on your shoes and tell you it is raining, are you going to believe it?

[Eman - PG]

CPI doesn't include just rice, wheat, eggs and gas. It's a basket of goods and services.

[ADL Colin]

So basically you'd prefer the CPI numbers to not be seasonally adjusted? Why or why not?

[96ukssob]

my ass they went down. prices have gone up about $.20 per gallon for premium since last month.

however, i was just in Atlantic City and gas in Jersey is cheaper by about $.25 then in PA... odd

[Ron Bennett]

Todays CPI just told you that gasoline prices DROPPED 2.0% in APRIL

Perhaps true for folks who pay with Euros instead of dollars

Ron

[IllTestYourGirls]

and we are not in a recession because we had a growth of 0.2% woohoo! I am glad we have all this good news

[Miguel T]

Bullshit....

[salesman]

experts LOL

[Ron Bennett]

...however, i was just in Atlantic City and gas in Jersey is cheaper by about $.25 then in PA... odd

State gas tax is much lower in New Jersey than in Pennsylvania...

In addition, most gas stations located at rest stops along the AC Expressway, NJ turnpike, and Gardenstate Expressway are only permitted to change prices once per week.

Also, supposedly, insurance rates for gas stations is lower in NJ than PA due to paid attendents pumping the gas instead of motorists.

NJ and Oregon are unique in that they require consumer gas stations to have paid attendents pump gas.

Ron

[woj]

you guys should leave analyzing CPI, PPI, GDP, ECI, ICs etc to those that have a clue...

[GAMEFINEST]

ofcourse it did ..

[teomaxxx]

you guys should leave analyzing CPI, PPI, GDP, ECI, ICs etc to those that have a clue...

Bill Gross, the manager of Pimco Total Return, the nation's largest bond fund, refers to the CPI as a "con job" that deliberately understates the price pressures faced by Americans in order to keep Social Security payments and other government costs pegged to the index unduly low.