Zeev's Turnips Patch-No Politics (ZEEV)

[marquis103]

This is what's even more ridiculous.

"The reported drop in gasoline prices reflected the government's accounting process, which discounts expected seasonal price changes.

Since gasoline prices normally rise significantly in April, the 5.6 percent rise in prices for the month turned into a 2 percent drop after the government adjusted for normal seasonal changes. That was little comfort for motorists now paying record prices at the pump, which are nearing $4 per gallon."

So if prices are up, they just adjust them down because of the month? How crazy to say gasoline was down 2% when it was up 5.6%. Why discount an actual price increase?

http://biz.yahoo.com/ap/080514/economy.html