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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: jae5 (Jul 16, 2008 10:03 am) Here in NH, I heard yesterday that someone was quoted a fixed-price for the winter of $5.60/gal for heating oil. seeing tanks a little bigger than on cars, I think a lot of people aren't going to be so worried about gasoline as compared to heating. Dropping a $1,000 every 3 weeks for heat will be a shock.
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Replying to: kernick (Jul 16, 2008 11:14 am) Heck, it could be worse than that by the time winter comes! I called my oil company a few weeks ago to get an estimate on things, and they said that contracts that were renewing at that time were locking in at $5.62 per gallon. My contract doesn't renew until late October, and by then it could be even higher! Luckily I'm in a fairly mild climate, the DC suburbs. But still, I blew about $1200 last winter for heating oil. That was at $3.55 per gallon, and this past winter seemed milder than normal. I could see it blowing up to $2000-2500 or worse this coming winter!
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Do I smell $2 gas making a comback? 
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Replying to: andre1969 (Jul 16, 2008 11:23 am)
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Replying to: oldfarmer50 (Jul 16, 2008 11:56 am)
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that a $10 increase in the price of oil equates to approximately $0.25 in the price of gas, and that oil prices of late have been very volatile owing to the crappy state of the economy. Bottom line: I don't think $2 gas is making a comeback. On the bright side, Labor Day is only about 6 weeks away, and gas prices should fall then as they usually do. Expect gas at or below $3 by Christmas (add $0.50 if you are in California). 
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Replying to: lemko (Jul 16, 2008 11:58 am) Actually I worded that a bit wrong. It's actually market price with a $5.62 cap. So if prices drop I'll pay less, but will never pay more then $5.62 per gallon. They also throw about 15 cents worth of other fees and crap on there though, so that $5.62 would be more like $5.77. Currently, my contract is market price with a $3.55/gallon cap. But both times they came out to fill up my tank this past winter, it was at $3.55. The year before, I think the cap was $3.19 per gallon, but each of the 3 times they filled me up, it came out to under $3.00 per gallon. Still, it's a long way from my first year in the house (11/03-11/04) when I was paying $1.19 per gallon. 
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Replying to: lemko (Jul 16, 2008 12:00 pm) Well I have to confess, I was bad today. Drove my '67 Catalina to work, and it made me chirp the tires when I pulled out onto the main road. 
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We will look back in 20 years and see $2 gas as nothing more than a footnote in history. It's as gone as the 25 cent hamburger and the 5 cent candy bar. |
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Replying to: vchiu (Jul 16, 2008 4:14 am) There you go, Mass transit is just like a cop. They are never near when you need them.
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