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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: lemmer (Sep 15, 2008 10:30 am) I would have thought the same thing, supply and demand, right? The trouble is, locally, I see some stations boosting gas 20 cents BEFORE Ike came ashore while other stations are at the same price ALL WEEK. Are we to believe that Ike only damaged the supply lines to certain stations? It makes the most trusting of us paranoid. I'm making a list of stations who pulled the "Ike Spike" and I will not be buying from them for a long time. BTW, wholesale gas finished DOWN 23 cents a gallon today. Supply must not be too badly effected.
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Replying to: tankbeans (Sep 15, 2008 1:15 pm) What can be done by the youth today? Invest 10% of your income in the stock market or real estate or both. You claim you can't afford to put away 10%? B.S. Learn to live a lower standard and quality of life, by living below your income, hence able to have investments for your retirement. Today, there are some great opportunities in the market. Study it and learn what to do. Make it a project that will pay off when you are old enough to retire. 
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Replying to: kernick (Sep 15, 2008 1:08 pm) I sold all my stocks last June when I saw that the bandits were making more on my account than I was. I'm now investing in coffee cans so I can bury what's left in the back yard. 
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Replying to: euphonium (Sep 15, 2008 2:03 pm) What are these great opportunities, or is it a secret?
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Replying to: euphonium (Sep 15, 2008 2:03 pm) Actually, now is a great time to invest...IF you have the money to put into the market and you won't need it for a few years. But it seems like the human brain conditions us to do just the opposite...pull money out when things drop, but throw more money in when things are flying so high that they're just waiting for a crash. Unfortunately, with the way the economy's turning, there are a lot of people who simply don't have the money to tie up...it's going to bills, interest, keeping a roof over their head, food in their stomachs, etc. I think that truly is one reason that the rich get richer...in times of economic downturn such as this, they can keep investing more into the market, in a sense buying stock when it's "on sale". Meanwhile, much of the masses have to liquidate their stocks and other holdings, often at a loss, just to keep their heads above water. Then, when the economy turns around, the people who invested in the downturn make out like bandits, but those who had to pull money out are now on the sidelines. |
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| I could have a Corvette and a Viper in the garage for what the stock market has taken from me over the years. Today it lost me 6% in my biggest fund. It will come back, but I'll have to give it 3-4 years. Trillions were lost today and that takes away from spending by the ones who lost it. The effect will hit the economy and we will go into a slight recession. $4 gas will be overshadowed. I still think there are the recession protected groups that include all direct and indirect gov't workers and those involved in providing necessities. The electric bill will always rise, as will college costs, insurance, prop taxes, cell phones, cable TV, food, gas, heating oil, roads, water, concrete, medicine, doctors, MRI's, laywer's fees, court costs, tickets and Japanese car sales. Those parts of the economy will not see a recession NO matter what. Now they have a Hybrid Escalade for those who have $900 car payments and want to save $3 a day on gas. Is that a large market segment? And to see it only changes the price from $63 to 66k for the SUV and makes it green. Out of the 43% who think they are worse off now than in 2001, How many of those could say the same when comparing 2001 to 1998? I'd say most. There has always been and will always be a 43% of America's population that has felt trampled on. I blame the Lehman Bros collapse on everything from a bunch of scammers from the top of that organization, right on down to the sales clerk at Target who got approved for a 'liar' loan to buy a $489,000 house. That person was part of the 43% that has always been worse off when they compare back. Do I think they can better pick my next leader for being part of that 43%? I have to make that person's mortgage payments (through fund losses). I made another one today!!! I should be able to claim their unclaimed interest on my Schedule A. They can't claim it because they are not making the payments. | |
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Replying to: lemmer (Sep 11, 2008 5:49 am) No they are not. Costs associated with illegal activities are not deductible.
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Replying to: gagrice (Sep 11, 2008 11:25 am) Most people don't itemize car expenses as it is way to cumbersome to do and just take a standard mileage rate. |
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about this economic downturn, is that all of a sudden, the money I'm blowing on my heat pump and electrical upgrades to the house is suddenly a drop in the bucket compared to how much my investments have dropped!  Oh, and I noticed on the way in to work, gas prices ticked up a bit. The local Shell had 87 for $3.719 and 93 for $3.949. Just yesterday they were $3.689 and $3.899. Not an economically back-breaking jump, but coupled with yesterday's stock market, just an extra slap in the face. |
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Oil is kissing $91 a barrel this morning and wholesale gas is down another 8 cents (down over 30 cents in the last two days). With news like that I would expect to see the price at my local station go UP 15 cents today.
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Automotive News & Views How does gas at $4 and higher impact you?
