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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: snakeweasel (Sep 29, 2008 4:49 pm) Are car stocks driving you out of the market? |
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Replying to: steve_ (Sep 24, 2008 8:32 pm) " 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. |
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Replying to: oldfarmer50 (Sep 29, 2008 1:11 pm)
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Replying to: lemko (Sep 30, 2008 4:21 am) I was hoping oil would continue downward. It is holding under $100 for now. C'mon $2 gas 
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Replying to: gagrice (Sep 30, 2008 6:17 am) |
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Replying to: nortsr1 (Sep 30, 2008 12:28 pm) We still got a way to go. We are around $3.59 in illinois. |
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Replying to: dieselone (Sep 30, 2008 4:39 pm) Gas mileage is generally a little less than in other states where 10 percent ethanol isn't required. I have trouble breaking through the 30 barrier. I've done it twice with a lot of extra care. Usually if I'm being nice to my car I can pull down 27-29.xx, which I guess I'm happy with considering the car is a little bit larger than my first Accord and gets about 6 miles more per gallon. |
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Replying to: dieselone (Sep 30, 2008 4:39 pm) You must live downstate, here closer to the land of the voting dead (aka Chicago) I paid $3.89 today.
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Replying to: snakeweasel (Sep 30, 2008 6:05 pm) Yeah, Champaign |
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Replying to: gagrice (Sep 30, 2008 6:17 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. " Actually speed is the key, pass and revise at your leisure. They would have taken write off over three years or five no bail out. Or a loan of 770b , pay over 15 years into the SS system. This was Paulsens plan, but best not to give the foreign holders of US debt worried lest we have to hold that debt ourselves. Oops, fnma/fre nationalization begins to make sense as to why. Subtitled what would you say to the foreign central banks if they were holding 2.85 trillion of securities Wall St had declared, insolvent ? Bernanke : Would Monday be all right? The don't bail out the B*stards sounds so right, but the 770b was selected by the treasury dept as an arbitrarily big number. Sadly the opponents of bailout, Lord I hate that word, know what is at stake from a global perspective but choose to grandstand for their own aggrandizement and want to sell the Main St. vs Wall St story. Of the 700b, only a fragment will go bad, yesterday the world markets took 1.3 trillion of market value away., they added some back today. Nancy Pelosi gained stature and the Democratic candidate went up a few points in the polls . When the 401-k statements come out later this month, voters will vote with their wallets. Sadly this is missing to those who have grasped on a theme but to the detriment of their own party. A phenomenon I call their Newt Gingrich moment. Back to oil prices, think lower, humming Roger Miller's King of the Road.
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