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Automotive News & Views How does gas at $4 and higher impact you?
2175 messages, Last post on Nov 05, 2009 at 3:05 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: nippononly (Jan 12, 2009 7:12 am)
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Replying to: boaz47 (Jan 12, 2009 1:34 pm) If the economy keeps going the way it is going people won't be buying bread let alone cars. My BIL works for a manufacturing plant which was sold by GE to a private equity firm (same deal as Chrysler being bought by Cerbrus). They just told him that they are cutting his wages by 40% and making him do the work formerly done by 3 people. His union is fighting it but he doesn't have much hope for a happy ending. There is one person who won't be buying anything soon. I can't see gas going back up to $4 with the economy in the dumper. People were drained of all their reserves this summer. They simply don't have the money.
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Replying to: oldfarmer50 (Jan 12, 2009 4:12 pm) Agreed. Most of us will be sticking close to home this summer. I'd be surprised if gas prices in my neck of the woods (downstate NY) hit $2.50/gallon.
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Replying to: jimbres (Jan 12, 2009 4:24 pm) You know gas is till pretty cheap relative to other things, even at $3.00/gal. I mean if you're going on vacation, a decent rental at the beach is at least $1,500 for the week, meals for a day for a family of four are $125(?), and then throw in some ice cream and mini-golf. Gasoline really isn't much of a vacation budget. Plus for anybody who has a newer car, it seems pretty strange to have a vehicle worth $10K, $20K, or $30K sitting out in the driveway and then saying you can't afford the $50 to fill it up. You might as well buy an Armani suit and then sit in your house and watch wrestling in it. 
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Replying to: boaz47 (Jan 12, 2009 1:34 pm) |
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Replying to: kernick (Jan 12, 2009 5:08 pm)
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Replying to: berri (Jan 12, 2009 6:18 pm) for example, if demand is lower, why explore for more? there is plenty of existing source.
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Replying to: explorerx4 (Jan 12, 2009 6:51 pm)
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If you haven't seen the January 11, 2009 60 Minutes show about high oil prices go to YouTube and type in "60 Minutes The Price of Oil". They blame rampant speculation for the $147/bbl. price this summer. Exactly what some of us were saying all along. |
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Replying to: kernick (Jan 12, 2009 5:08 pm) In October 2008 I left for Florida on a 3000 mile trip. Gas was down to $3.55 when I left. There was nothing relatively cheap about it. $75 to fill up my Silverado before leaving and $60 more into the tank later in the day, and then twice more in the next day. Unfortunately, none of my other vehicles would have sufficed for the trip. I made the same trip in March 2008 and spent $390 on gas in a 9 day stretch. People who have to drive a full size truck for their everyday needs had to deal with this cost constantly. I had a car for daily use. How much gas is still carried on credit cards at 18% interest that was bought last summer? It has been determined that almost 70% of all oil price increases were part of a grand scheme to enrich a few at the expense of the masses. Thanks to changes in commodity trading rules the same screwing may not be back this summer.
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