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Originally Posted by Wickster
Then why has gas gone up around the world at about the same percent?
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gas hasn't gone up at the same pace around the world:
if you're referring to oil, its price is set in the global market so everyone has to pay the same price. the price of gasoline is a function of the price of oil, government taxes & subsidies, refining capacity, consumer demand, and the questionable (at best) pricing strategies of private oil companies in markets where gasoline is not regulated.
here's the full NYT article where I got the chart shown above:
http://www.nytimes.com/2008/05/30/business/30fuel.html
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Originally Posted by darnelled
Are those numbers based on gross income or taxable income? I never saw it detailed in the article.
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dunno - i would guess AGI