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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

What is this discussion about? Gasoline, Fuel Efficiency (MPG)


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#1564 of 2183
Re: National Average is Down to $2.09 [larsb] by kernick
Nov 19, 2008 (6:37 am)
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Replying to: larsb (Nov 19, 2008 6:09 am)

A few cynics are saying, "now that the oil man is leaving the White House prices are dropping...............HHHMMMMMMMMMMMMM"
 
"Cynics" may not be the right word. As if Bush could control oil-prices, and was an oil-man, and wanted to help his oil-buddies, wouldn't he have done things to RAISE the price before leaving office? And wouldn't he have made it difficult to reduce the price?
#1565 of 2183
Re: $55 oil equals less than $2 gas [duke23] by andre1969
Nov 19, 2008 (6:41 am)
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Replying to: duke23 (Nov 18, 2008 7:57 pm)

Good post, 1992 was so mild it was miraculously faith healed by the time BC had his inaguration. It's the economy, yada, ad infinitum.
 
Heck, back in 1992 I didn't even know we were in a recession! I was still in college, though, and a bit insulated from the "real world", I guess. If anything, I remember the summer of 1992 being really carefree.
 
As for stagflation, I've heard that 1966-1982 was one of the worst periods the United States has ever had. If you took a lump sum and invested it in 1966, after all the ups and downs, in 1982 you'd be no better off. Or if you retired in 1966 and had a nest egg you needed to live off of, taking money out instead of adding to it, you would have a rough go of it.
 
I guess if you were still regularly investing, say, monthly, throughout that time, letting dollar-cost averaging do its thing, you would've come out ahead.
#1566 of 2183
Re: National Average is Down to $2.09 [kernick] by larsb
Nov 19, 2008 (7:44 am)
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Replying to: kernick (Nov 19, 2008 6:37 am)

Well, cynically speaking, now that he managed to "arrange" 3+ years of high oil and gas prices and make his already rich buddies "super-rich" then now he does not care about the prices and he's "letting" them come back down before he leaves.
 
I actually heard someone say something like that.
 
"As if" is the right response to that, for sure.
#1567 of 2183
Re: National Average is Down to $2.09 [larsb] by oldfarmer50
Nov 19, 2008 (10:51 am)
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Replying to: larsb (Nov 19, 2008 7:44 am)

"...I actually heard someone say something like that..."
 
I also heard that Bush invented global warming so hurricane Katrina would wipe out all the democrats in New Orleans. He and Chaney blew up the levees to drown all the black folks too. They were all full of themselves after driving around Ohio on election night stealing all the voting machines.
 
Please give the Bush bashing a rest. He made enough real mistakes to take a beating for years, he hardly needs the made-up paranoid stuff.
#1568 of 2183
Re: National Average is Down to $2.09 [larsb] by kernick
Nov 19, 2008 (1:51 pm)
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Replying to: larsb (Nov 19, 2008 7:44 am)

I actually heard someone say something like that.
 
I reckon you got to believe them then - whoever and whatever they said; and what you might have heard and ciphered, from that.
 
Now you understand why we don't believe you're interpreting the entire GW issue correctly.
#1569 of 2183
Re: Oil dropped under $55 today, down over $2 [nippononly] by boaz47
Nov 19, 2008 (3:02 pm)
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Replying to: nippononly (Nov 18, 2008 6:38 pm)

No I was pretty upset they bailed out wall street. But we have earmarked at least 750 Billion and it looks like that will increase to over a trillion soon. But the con was in when they got us for $4.00 gas. The bubble burst and today I paid $2.19 A GALLON for gas here in Hemet at my local Valero. This is California gas my friend. It never made any sense when the oil companies were making record profits at a time when oil was supposed to be more expensive. Face it if the cost of raw milk goes up and we pay more for finished milk the profit should remain about the same because their expenses went up. But some miracle allowed oil companies to avoid the truth of deducting cost from profits and managed to haul in massive amounts of profit.
 
But on a side note, remember when some were suggesting raising fuel prices by increasing taxes on fuel? Now do you see how bad that would have been? Unlike what we just went through it would have been much harder to lower fuel prices once they have been taxed. The government doesn't give back anything they got out of your wallet.
#1570 of 2183
Re: Oil dropped under $55 today, down over $2 [boaz47] by nippononly
Nov 19, 2008 (7:00 pm)
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Replying to: boaz47 (Nov 19, 2008 3:02 pm)

But on a side note, remember when some were suggesting raising fuel prices by increasing taxes on fuel? Now do you see how bad that would have been?
 
Oh absolutely not, no. In fact with the price of gas down more than $2 in 4 months, now is the perfect time to slide a $0.50/gallon tax in there to discourage future consumption just a little. Heck, the price even in California would still be well under $3/gallon. They they could raise it $0.10-0.20 per year for the next five.
#1571 of 2183
Re: Oil dropped under $55 today, down over $2 [nippononly] by boaz47
Nov 19, 2008 (10:41 pm)
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Replying to: nippononly (Nov 19, 2008 7:00 pm)

Let me restate this, never give the government "Extra Money". Once they get it or raise taxes to get it they don't give it back. They don't spend it on transportation and they don't decrease any other taxes to make up for it. Remember Arnold is suggesting increasing you taxes already, by county. LA sales tax could be as much as 10 percent. Now add fuel tax to the cost of your trucking cost and where are you? Face it, I can simply cut back on vacations but you will pay more for fuel because you have to commute. So you want to pay more for fuel? Weren't you complaining about your gas bill? add 50 cents tax to you fuel cost now and you will be paying over $5.00 for the summer gas you predicted. And the official that supports such an idea today in this economy? Might as well toss his kids off a bridge to protect them from the people.
 
In fact what you are suggesting is part of the problem with our economy as it is. High fuel prices hurt businesses because people stopped driving to them. Young people got laid off because the businesses didn't need them and you would suggest we aren't paying enough for fuel? Why not just suggest higher taxes to pay for more welfair.? People could stay home and collect a check and not have to drive anywhere.
 
But I will give you this, you aren't concerned with being popular.
#1572 of 2183
$1.999 a Gallon by snakeweasel
Nov 20, 2008 (4:51 am)
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Ok just saw it last night here in the far SW suburbs of Chicago $1.999/gallon regular. Although most places have it a few pennies above $2/gallon there are a few where it has dropped below $2.
 
Now where is that steak dinner? I know the greatest little steak house.
#1573 of 2183
Re: Oil dropped under $55 today, down over $2 [boaz47] by gagrice
Nov 20, 2008 (5:19 am)
Reply

Replying to: boaz47 (Nov 19, 2008 10:41 pm)

Let me restate this, never give the government "Extra Money". Once they get it or raise taxes to get it they don't give it back.
 
Truer words never spoken. We went out last night to El Cajon to listen to a friend play his music. The place was packed where normally it would be only a handful. At the break I asked him what was the occasion? It was the City of El Cajon employees being treated to a feast including free booze. They were celebrating the increase in sales tax on this last election. So now the lucky people in El Cajon pay 8.75% sales tax and in the county we pay 7.75%. I had stopped shopping in El Cajon when they went up to 8.25%..
 
I will do more shopping online to avoid this kind extortion. I do not find higher taxes a reason to celebrate on the tax payers money. Adding 50 cents to our gas tax in this economy would be CRAZY.

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