• Humorous Economic Videos by EconPop featuring Andrew Heaton discussing the real world economics found in popular movies such as the one below:

    For more, visit Econstories

  • Rodney Dangerfield’s first economic class: YouTube Video Clip.

  • Disorder in the American Courts (PDF)

  • Join Dr. Mellish at LinkedIn

  • Humorous responses to the current economy in Tough Times

  • Be ready for 2017 Tax Season with the help of these Tax Facts for 2017 which gives summarized tax Info for 2017 with 2016 info for comparison. To see what the IRS has in store for 2018, check out the current 2018 Proposed Tax Tables as reported by USA Today.

  • Is economic security beyond the reach for many Americans? What do people need to earn to meet basic needs?

  • Get the latest not so funny Gas Prices at: GasBuddy.com. The chart below illustrates the historical U.S. average gas prices from 2006 to 2016:
  • Click on the image to enlarge or click Here to customize the time period or location

  • If gas prices have you baffled, below is a comparison of the 2010 and 2017 breakdowns of what goes into gasoline prices:
    2010 Gas Prices2017 Gas Prices
    Source: Energy Information Administration

    As you can see from the graphical illustration, the cost (including profit margins) of refining as well as distribution and marketing has doubled since 2010 reducing the impact of the crude oil prices on the at-the-pump prices. This is why we see prices at the pump staying at their higher levels even when the price for crude oil may be dropping. In 2010 the price of crude oil (Low of $68.03 to a high of $91.38/barrel) had more of an impact on the pump price because it made up 68% of the overall price. In 2017, crude oil (Low of $42.86 to a high of $53.99/barrel) only represents 45% of the price with the rest being driven by the cost of refining, distribution & marketing and taxes which have been increasing over the years. According to the NACS Fuel Resource Center, the retailer averages about 5 cents per gallon. For more information on exactly how gasoline pricing is determined, click here to see a description of the EIA's methodology.

  • Still confused, check out this YouTube Video for a simplified economic explanation of Gas Prices.

  • For more economic video lectures, check out Kahn Academy Economics Video Tutorials.

  • Are people really better off thanks to computers? According to an article in the Wall Street Journal, "humanity is probably better off than it would have been if the PC had never been invented". Read the Full Article to find out exactly how much economists think we are really better off.

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