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Automotive News & Views Are gas prices fueling your pain? 
10042 messages, Last post on Jul 12, 2008 at 3:07 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: gagrice (Jun 11, 2008 4:39 am) Rather than spend $1500 / person in airfare and $200-$400 a night in a nice euro-hotel and $200+ per dinner at a nice restaurant having 4 couples rent a 10 BR beach house for $12000 a week is much more cost effective. |
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Drove out to my mother-in-law's beach house on the East End of Long Island last Saturday. For a perfect early summer beach day, eastbound traffic on the Long Island Expressway was noticeably lighter than usual. No need for the customary tap on the brakes at exit 56, for example. But my fellow travelers were not slowing down to save gas. I set my cruise control at 65 mph - that's 10 mph over the speed limit - & found that for every car I passed, 6 or 7 passed me. (When you see a Dodge Durango - a truck with the aerodynamics of a tool shed - moving along at 75+, you have to wonder if the owner forges credit cards for a living. How else can he keep that thing fueled up?) Still, I found that holding my speed to 65 (I normally drive at 70 to 75 mph under those traffic conditions) didn't make our 60 mile trip seem any longer, & it was more relaxing. I could actually pay attention to what my wife was saying. It remains to be seen if that's good or bad for our marriage. |
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Replying to: andre1969 (Jun 10, 2008 7:40 pm) |
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It's amazing to me that given their track-record of being wrong year after year, that they have the kahunas to make some of these predictions. As a taxpayer I'm pretty  right now, that we're spending money paying for these forecasts! http://www.usatoday.com/money/industries/energy/2008-06-11-energy-dept-oil-gas-p- - rices_N.htm "Caruso said oil prices are likely to stay high far into the future. He projected oil costing $107 a barrel in 2015." This is a good example at why I don't like to give any more $ via any tax, while they waste $ with garbage like this.
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Replying to: kernick (Jun 11, 2008 12:10 pm) More worrying: " oil giant BP said world oil production fell 0.2% in 2007, first decline since 2002, while consumption rose 1.1%, highlighting a tight supply-demand balance that has helped push oil prices to record levels." |
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Based on the info they have today, the trends they have in place, and the fact that they do this for a living, doing those projections is just WHAT THEY DO. Many hundreds of thousands of people around the world do "projections" for a living and that is a valuable service to a lot of people. No one can see into the future - but with the best info, it is possible to make an "educated guess" based on hundreds and maybe thousands of data points. I'm sure some of those guys projected $4 gas in June 2008. |
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Replying to: larsb (Jun 11, 2008 12:21 pm) |
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Replying to: larsb (Jun 11, 2008 12:21 pm) Because we are now in an era where if oil goes up 1%, or supply goes down 2%, that may cause a 50% price increase which causes the economy to go down 5%, which then decrease the demand. But since no one can predict whether the price increase is 50% or 25% or 75%, no one can predict how the economy will go in this country never mind globally, and it just goes on and on. Throw in the uncertainty of the condition of fields in Mexico, the future of oil-shale, ANWR and other undrilled areas, and there's no way anyone will have a decent model. These forecasters are simply doing these forecasts because they used to, and they get paid for it. If any of these guys actually knew what they were talking about, they wouldn't be working for a paycheck at the DOE. They'd be making millions elsewhere. Similarly, I never trust a stock-pick from some "expert with a great track record" unless he himself has earned a fortune picking stocks. |
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| I have a 2002 I-4 Camry. I normally get over 30 mpg on the Interstate, going the speed limit of 70. Is there a resource that will give the mpg vs speed for this car? Short, low speed trips reduce mileage significantly. | |
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Replying to: bergyone (Jun 11, 2008 12:49 pm) |
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Automotive News & Views Are gas prices fueling your pain?
