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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: larsb (Oct 20, 2008 9:35 am) Keep up the funny posts my man! |
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Replying to: murphydog (Oct 20, 2008 6:35 pm) Sure, just don't start whining when your out on the street because you blew your money. |
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on NPR this afternoon, that oil is down 50% in the last 3 months, but the price of gas is only down 20%. What the great Oil Man giveth (price increases), he doesn't always taketh away, eh?! 
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Replying to: nippononly (Oct 20, 2008 7:12 pm) But it would be closer to 50% if you took the prices and subtracted out the taxes first. So if NH had combined taxes of $0.54 then it would be $3.60 to $2.35 = 36%. And if you take out the cost to transport the gas, and pump it, and any profit, well you get closer and closer to 50%. |
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Replying to: explorerx4 (Oct 20, 2008 4:09 pm) This is an extremely important point - especially in these times of the internet.... My big joke to the youngsters in our family is to take 95% of the supposedly "factual" dribble they see from any source and decode it for themselves and be ready to throw out..... 95% of it!!!!! Facts are short and sweet, articles are not and they (articles) have to be closely watched for what source they come from. Don't even get me started about the sheer garbage that comes from internet sources. I have concluded for myself that the gas price spike is one of the "heads of the horsemen" in the foreclosure dilemma and this comes from personal observation, some not even related to media outlets or internet but personal shoulder to shoulder contact with a neighbor that commutes.... He doesn't work for Fox or CNN and doesn't have a blog in internet land. He is not subprime or ARM in his mortgage and firmly believes that his current troubled financial situation is related to his vehicle choice NOT his mortgage lender. Once again this is just a conclusion I made - not a fact. Feel free to debate but to tell me that I HAVE to conclude that gas prices had nothing to do with the escalation of the mortgage meltdown because YOU are stating it as fact is ridiculous.
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...pay mortgage would be on the top of my list! Gasoline would be a minor concern as I have the alternatives of walking or taking the bus.
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Replying to: murphydog (Oct 20, 2008 6:35 pm) Of course everyone has the freedom in this country to waste money as they want to. ( OOPS - when we do that for several years we have an economic meltdown. So I guess the answer is NO, it's not OK to be "free" with your money and wasteful when the cumulative effect of millions of people being wasteful comes back and harms people who have NOT been wasteful. )
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Replying to: lemko (Oct 21, 2008 5:10 am) EXACTLY. That's how the thought process went in almost every family who were living above their means, I'm sure. |
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Replying to: ponderpoint (Oct 21, 2008 5:09 am) The debate started as "did high gas prices have a major impact on the mortgage meltdown?" and the obvious conclusion, which many reasonable people here have posted, is that it was a contributory factor, one of many, and definitely not "the MAJOR" reason. The "major" reason was mortgage lender greed and home owners getting into a larger mortgage payment than they could afford. I think just about everyone can agree on that. Let's move on....................... |
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Replying to: snakeweasel (Oct 20, 2008 4:29 pm) And where was this new construction? Was it two clicks away from downtown where you can walk to get a latte or did it have to be well past the suburbs that existed already AND was going to require a conspicuous amount of fuel to get..... Anywhere at all basically? Now let's go exponential with a really poor choice of vehicle and on top of that get blind sided by sheer greed in a commodities market selling dead dinosaur juice. Sure larsb, I agree - there are many contributors to this mess that don't have anything to do with a shiny piece of metal on four wheels, all have varying degrees of bad judgment, some of downright malfeasance which will hopefully be pursued shortly by the proper authorities. I have concluded, for myself, call me crazy, tell other posters that I'm a whacko but I sincerely believe that gas prices were a "major" contribution to the furtherance of the foreclosure mess we are in. If you want to go conjunction with poor consumer choices and villainous mortgage brokers to detente the gas tangent, go ahead but I simply disagree. I agree however, it's time to move on.... Dead horse - let history decide.
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