Jun
24
2014

Gas Prices 'Skyrocketing'? You'd Better Duck

Fireworks at Disney World (Jeff Krause)

Note that the rise displayed by actual skyrockets is much greater than 2.8 percent. (cc photo: Jeff Krause)

You're not supposed to talk about oil and Iraq–but corporate media can't stop talking about oil and Iraq.

Case in point: NBC Nightly News (6/21/14), where anchor Kate Snow introduced a segment like this:

We're back with a look at gas prices in this country, which have been soaring in the last couple of weeks as the conflict in Iraq escalates. AAA says the turmoil in Iraq is likely to keep prices high this summer.

And correspondent Kristen Dahlgren gave the specifics:

With tensions in Iraq, gas prices have skyrocketed. The national average: $3.68 a gallon, almost ten cents more than this time last year.

Hmmm, let's see–a ten-cent rise from $3.58 is 2.8 percent over the course of a year. If actual skyrockets rose that slowly, you probably injure the spectators.

About Jim Naureckas

Extra! Magazine Editor Since 1990, Jim Naureckas has been the editor of Extra!, FAIR's monthly journal of media criticism. He is the co-author of The Way Things Aren't: Rush Limbaugh's Reign of Error, and co-editor of The FAIR Reader: An Extra! Review of Press and Politics in the '90s. He is also the co-manager of FAIR's website. He has worked as an investigative reporter for the newspaper In These Times, where he covered the Iran-Contra scandal, and was managing editor of the Washington Report on the Hemisphere, a newsletter on Latin America. Jim was born in Libertyville, Illinois, in 1964, and graduated from Stanford University in 1985 with a bachelor's degree in political science. Since 1997 he has been married to Janine Jackson, FAIR's program director. You can follow Jim on Twitter at @JNaureckas.