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Automotive News & Views How does gas at $4 and higher impact you?
2183 messages, Last post on Nov 21, 2009 at 5:13 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: lemko (Oct 16, 2008 12:18 pm) But who will save us from Eddie the Eco Terrorist?  If Al Gore has his way you'll be riding that bike on a treadmill to power his mansion.
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Replying to: gagrice (Oct 16, 2008 3:06 pm) The $2500 discount? That's a new and entirely different story since the Credit Meltdown. It's not from Toyota, it's dealer specific. Every auto retailer is in dire straits today. I'd expect a 20-50% reduction in total buying across the board for the next 6 months, Buyers right now are just sitting on their hands. I'd expect with annual sales at the 13 million unit rate that as many as 40-50% of the domestic stores will close their doors and Toy/Honda will each be down 20+%. Every store in our area is running skinny with layoffs in all salaried positions. Former salaried positions are being offered positions on the floor ( sell or starve ) or out the door.
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Replying to: kdhspyder (Oct 16, 2008 3:31 pm)  This recession is long overdue. Dropping the interest to keep the economy rolling was not a wise Greenspan move. I guess in 2001 it seemed like a good idea. If all the Big 3 survive it will be a miracle.
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Replying to: kdhspyder (Oct 16, 2008 2:54 pm) "Everytime you bring these figures up I will continue to correct the erroneous conclusion." I know you , meant well, being fuel efficient, versus wasteful . Thanks, sincerely for the mea culpa but here is how the real world works. It was never supply vs demand as the demand was gamed., They are running for the hills. Paradigm = busted . I'm glad you drive a Prius. You drive some serious miles and even at the coming low levels it will make sense. Who does Chin-India sell to ? While we were not in global recession in the 1st half of this year we are now. Time to change the name of this forum, Oh did I say that before  I quote yet once more, oil doth love it extremes. g:, I couldn't agree more , post on sir.
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Replying to: gagrice (Oct 16, 2008 4:49 pm) |
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| I went sight seeing in Manitou Springs and Old Colorado Springs. We have been driving around all week on $3.39 gas and decided I should fill up so we don't have to when we leave Colorado after this weekend. $2.96 and less that $48 to fill my tank. It seems as if the Gas crisis is caused more by speculation than I thought. I hope we remember this in the future. | |
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Not sure how you're heading home from Colorado, but gas in Utah is more expensive than it is in Colorado. ' Hope you saw Garden of the Gods and Seven Veils Falls while you were in the Springs. You sure picked a good time of year to come visit!
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Replying to: michaell (Oct 18, 2008 11:01 am) |
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Gut-wrenching declines in the stock market, a financial panic that some have compared to the Great Depression and the realization that the U.S. may be headed to its worst recession in over a generation have trumped what should otherwise be good news: The return of $3-a-gallon gas. Better yet, with 401(k) statements arriving in the mail and families worried about keeping their homes, has anyone even noticed? A gallon of regular gasoline fell .049 cents overnight to a new national average of $2.991, according to auto club AAA, the Oil Price Information Service and Wright Express. Prices have not been below $3 nationally since Feb. 16. Saturday's price is slightly above the national average price of $2.81 a year ago, but 27 percent lower than the all-time high of $4.114 reached July 17. Before Saturday, gas prices already were below $3 in 23 states, according to AAA.
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Replying to: lemko (Oct 18, 2008 3:19 pm) I sold all my stock in 2007. One of my jobs has a defined benefit pension so I'm OK. Built my own house so I never had a mortgage. Still haven't figured out how to make my car run without gas so I'm real glad prices have dropped. Still too high though. I'd like to see it down to about 2002-03 levels of about $1.55 for RUG. "I cursed the fact that I had no shoe until I met a man who had no feet...then I was jealous because the lucky bum didn't have to spend the money on shoes." 
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