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Are gas prices fueling your pain? - READ ONLY

10042 messages,  Last post on Jul 12, 2008 at 3:07 PM

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What is this discussion about? Fuel Efficiency (MPG)


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#6005 of 10042
Correction by 1stpik
Apr 22, 2008 (7:52 am)
As quickly as I could type the previous post, oil hit $119.
#6006 of 10042
Re: Correction [1stpik] by dieselone
Apr 22, 2008 (8:05 am)

Replying to: 1stpik (Apr 22, 2008 7:52 am)

I just hedged my position on gas. Filled the boat and Suburban up which I just spent about $180 at the gas station. The tank in the burb will last about two weeks and the I shouldn't have to buy more gas for the boat until June.
 
Restaurants around here are still jammed. Went for a boat ride last night, and people were using the lake. Drove around Chicago (I80 to I94) over the weekend and the traffic was heavy and traveling 80+. I guess time is still more valuable than gas.
#6007 of 10042
Re: Record Oil Price [1stpik] by kernick
Apr 22, 2008 (8:47 am)

Replying to: 1stpik (Apr 22, 2008 7:51 am)

Consumers can't cover $4 gasoline (and $5.50 diesel). The U.S. economy can't absorb it.
 
Sure it can; but some adjustments might be needed to compensate, and people of lower income may have to give up some things.
1) many employers could go to (4) 10-hr days. There is no golden-rule that businesses run (5) 8-hr days.
2) people will move closer to work, or take a job closer to home.
3) people may walk and bike more to local stores.
4) people will choose to shop at the closer stores rather than drive further.
5) People may take trips to closer spots - the lake 10 miles away rather than 30 miles away.
6) People may decide they rather have money for gas, than spend $100/month on cable and cell-phone. Or wasting money on their 15th Chinese-made "designer" purse, or upgrading their perfectly fine golf-clubs.
 
And lastly before you get everyone all gloomy and doomy, higher gas prices is not the end of the world. Other countries with lower GDP, and individual incomes are getting along ok with these prices.
#6008 of 10042
Re: Record Oil Price [1stpik] by lemko
Apr 22, 2008 (8:48 am)

Replying to: 1stpik (Apr 22, 2008 7:51 am)

Yeah, that "attack" on the Nigerian pipeline might in reality be some kid tapping on it with a rubber mallet. The "rocket shot" at a Japanese tanker might be somebody messing around with a bottle rocket. I think the oil companies and the mainstream media are in collusion to drive up the prices. What's next, "Sheik Sneezes! Oil Jumps to $150 a Barrel?"
#6009 of 10042
Re: Record Oil Price [lemko] by texases
Apr 22, 2008 (9:03 am)

Replying to: lemko (Apr 22, 2008 8:48 am)

"Yeah, that "attack" on the Nigerian pipeline might in reality be some kid tapping on it with a rubber mallet."
 
Nope, it's real, and it's a major problem. Shell Oil, a major player there, is having to deal with much lower than planned production because of the constant attacks and kidnapping. And the hoped-for gush of Iraqi oil is very slow in coming because of the same kind of problems. This stuff ain't made up!
#6010 of 10042
Re: Record Oil Price [lemko] by bpizzuti
Apr 22, 2008 (9:04 am)

Replying to: lemko (Apr 22, 2008 8:48 am)

What's next, "Sheik Sneezes! Oil Jumps to $150 a Barrel?"
 
That already happened didn't it?
#6011 of 10042
Re: Record Oil Price [kernick] by lemko
Apr 22, 2008 (9:04 am)

Replying to: kernick (Apr 22, 2008 8:47 am)

Other countries also get by living in tin shacks and eating mud pies. Hey, maybe we can adopt Haitian Mud Cookies with an American flavor! There's Iowa Clarion, Alabama Red Clay, Mississippi Silt, Louisiana Loam, and Texas Topsoil!
#6012 of 10042
Re: Record Oil Price [lemko] by bpizzuti
Apr 22, 2008 (9:05 am)

Replying to: lemko (Apr 22, 2008 9:04 am)

Many of those other countries have $1.00/gallon gas, too...
#6013 of 10042
Re: Record Oil Price [bpizzuti] by texases
Apr 22, 2008 (9:11 am)

Replying to: bpizzuti (Apr 22, 2008 9:05 am)

The $1/gallon gas is usually found in oil-producing countries, where the government heads/dictators subsidize the price to keep people happy, typically while using much of the remainder to line their own pockets.
#6014 of 10042
Re: Record Oil Price [texases] by bpizzuti
Apr 22, 2008 (9:16 am)

Replying to: texases (Apr 22, 2008 9:11 am)

Whereas we have $4 per gallon gas. oil companies are making record profits, and the government gives tax rebates to the oil companies to line their pockets. And the people are unhappy.
 
Maybe there's something to be said for dictatorship.
 
Having said that, China's gas is under $3 and not going anywhere. And their economy, as a result, is absolutely booming. Ours, to compare, is slowly sinking.

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