Prices of Gas and Other Liquids

While the price of gasoline has declined for four straight weeks, leading to below the fold reports, fark linked to a comparison of the prices (per gallon) of 46 other liquids along with gasoline.

This type of price comparison, while honestly conducted (except for some goods, which are priced too high), doesn't have any other economic value. At the margin, nobody ever chooses between a gallon of gasoline and a gallon of black inkjet toner and a gallon of mercury; there is no production process where these are substitutes, so the relative prices don't provide any decision-assisting information. They're still cool, though.


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This page contains a single entry by Kevin published on December 2, 2004 10:48 AM.

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