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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

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


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#916 of 2175
Re: Back Under $100 [oldfarmer50] by mattandi
Sep 29, 2008 (9:02 am)
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Replying to: oldfarmer50 (Sep 29, 2008 8:36 am)

We are still experiencing shortages here in NC as well. Some stations have not been well supplied. We are dependent on Colonial Pipeline to bring gasoline up from the gulf coast. That supply line has not recovered to full operation yet. Price of RUG has hovered around $3.90 or so for about 2 weeks, above the national avg.
#917 of 2175
Re: Back Under $100 [mattandi] by fezo
Sep 29, 2008 (10:05 am)
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Replying to: mattandi (Sep 29, 2008 9:02 am)

Yeah, I've got a friend in North Carolina who has had to change visiting plans because he can't count on gas being available. Shades of the seventies...
#918 of 2175
Will Trade Stock For A Gallon Of Gas by oldfarmer50
Sep 29, 2008 (1:11 pm)
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Holy cow! What a blood bath on wall street today. I can see it all now, stock brokers trying to pay for a gallon of gas with a thousand shares of GE or Walmart.
 
At least oil went down 10% too. That probably means the price of gas will sky rocket next week.
 
I feel like Alice in Wonderland.
#919 of 2175
Re: Will Trade Stock For A Gallon Of Gas [oldfarmer50] by gagrice
Sep 29, 2008 (4:17 pm)
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Replying to: oldfarmer50 (Sep 29, 2008 1:11 pm)

If we get enough correction and oil gets where it belongs under $60 and the dollar keeps gaining we could be in good shape by Christmas. GE and WM will do fine. GM and Ford will probably file for bankruptcy protection.
#920 of 2175
Re: Will Trade Stock For A Gallon Of Gas [oldfarmer50] by snakeweasel
Sep 29, 2008 (4:49 pm)
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Replying to: oldfarmer50 (Sep 29, 2008 1:11 pm)

I can see it all now, stock brokers trying to pay for a gallon of gas with a thousand shares of GE or Walmart.
 
I'll give you a few gallons for a thousand shares of GE or Wally world. Right now is a good time to buy many stocks.
#921 of 2175
Re: Will Trade Stock For A Gallon Of Gas [snakeweasel] by steve_ HOST
Sep 29, 2008 (5:21 pm)
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Replying to: snakeweasel (Sep 29, 2008 4:49 pm)

Getting ready to buy?
 
Are car stocks driving you out of the market?
#922 of 2175
Re: In tribute to all those fine Wall Streeters... [steve_] by duke23
Sep 29, 2008 (6:41 pm)
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Replying to: steve_ (Sep 24, 2008 8:32 pm)

Steve wrote :
 " Are Warren and Jimmy Buffett Related?. The DNA says no.
  
In the news, U.S. gasoline inventories lowest since 1967. "
 
Regarding Warren & Jimmy being related, I'd have to agree. I bought Warrens last CD, almost said album, showing my age, and it bit the big one. It's tough to sing about fundamental value economics and make it catchy. No parrot head he. Regarding US gasoline inventories,
As I would have cautioned Matthew Broderick in War Games, don't choose thermo nuclear war. As I caution the so called rebel republicans, don't choose thermo nuclear melt down, you don't really want to go there, else we change the topic to how does gas at $1 a gallon affect you. Focus not on global supply, demand is the worry. I know the Main St vs. Wall St. sounds good in theory, trust me, you do not want to find out what has not been revealed. To all Republicans find out if your congressional representative has voted no and urge him/her strongly to be not a butthead. Democrats, same. Structure doesn't matter as much as quickness. Revise at your leisure.
Tia, Lucille, it's the big one.
#923 of 2175
Re: Will Trade Stock For A Gallon Of Gas [oldfarmer50] by lemko
Sep 30, 2008 (4:21 am)
Reply

Replying to: oldfarmer50 (Sep 29, 2008 1:11 pm)

Actually, Wal~Mart stock rose yesterday. Lots of new po' folks'll be shoppin' at Wal~Mart!
#924 of 2175
Re: Will Trade Stock For A Gallon Of Gas [lemko] by gagrice
Sep 30, 2008 (6:17 am)
Reply

Replying to: lemko (Sep 30, 2008 4:21 am)

We still have money market accounts with approximately $4 trillion sitting in them. Those people are ready to buy companies like WM that are solid. It will be interesting to see how much of Monday's sell-off is regained by Friday. Up over 200 this morning. I guess Wall street has gotten used to the fact that the American public does not want to bail them out of their stupidity.
 
I was hoping oil would continue downward. It is holding under $100 for now. C'mon $2 gas
#925 of 2175
Re: Will Trade Stock For A Gallon Of Gas [gagrice] by nortsr1
Sep 30, 2008 (12:28 pm)
Reply

Replying to: gagrice (Sep 30, 2008 6:17 am)

Gagrice...I just filled up at the local Gulf station....RUG...$3.14/ gallon....also same price at Enright, Cigo and Vallerio.Black Horse Pike, Turnersville, NJ. $2.99 might be closer than you think.

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