If it wasn’t bad enough that food, energy and rent are on the rise – of course the dollar isn’t on the rise in terms of value – it seems gas will also be a huge issue in the coming collapse of the United States economy.
According to the American Automobile Association (AAA), the average price of a gallon of gasoline was the highest in 2012 than any other preceding year. The national average price in 2012 was $3.60 per gallon, which is nine cents higher than the previous record of $3.51 in 2011.
“Record high gas prices have made this the most expensive year yet for motorists,” said AAA spokesman Avery Ash. “Factors as volatile as major hurricanes, refinery outages and tension in the Middle East resulted in significant frustration for people filling up their cars.”
This piece of news reminded me of Texas Republican Congressman Ron Paul’s statement during a Republican primary debate where he said he could get the American people gas for a silver dime. He is referring to a pre-1964 United States dime (pre-1968 in Canada) that was made out of 90 percent silver and is worth between $3 and $6.