Price of fuel is going SKY HIGH!

[jcwit]

Originally Posted By: LT4 Vette
Originally Posted By: Brons2
LT4 Vette, whether you will admit to it or not, you do have a squeal point at which you will drive less. It may be $20 a gallon, who knows. But it does exist, contrary to your protests that you will drive the same amount no matter what.


Of course higher gas/diesel prices = price increases all around for every thing (food, clothes, utilities.... etc).

But unless I was retired, unemployed or a hermit never leaving my house...... at $6 a gallon (twice the cost of gas right now) I would still have to drive the same amount of miles per week/month/year. At $10 a gallon I would be [censored]ing about the prices at the pump but I would just have to bite the bullet. I think some of the people upset with the gas prices must drive a fuel hog. With an Accord and Civic I'm not too worried, more important things in life to worry about than gas prices.

Off Topic: I saw a new 2011 Honda CRZ on the highway today and it looks very ugly.


At $6.00 a gal. you might be hoping you'll still have a job, at $10.00 a gal. more than likely you'll wish you still had a job. This is assuming you're not employed by the government.

 

[Rob_Roy]

Originally Posted By: odie
This would include higher heating bills as well . Double trouble .


Yes, those of us in the Northeast get to feel the "burn" from fuel oil costs. I had our tank filled today, 2.79 per gallon, ~600 bucks. We will get another delivery in December, hopefully the price hasn't gone up much more by then.

 

[Mr Nice]

jcwit,

Why do you have such a negative and pessimistic outlook ?

 

[jcwit]

I don't, but I also do not live in LaLa land, stating that the price of a comodity, in this case gasoline, will not effect the amount one drives.

This logic holds true for any comodity, Porterhouse steak here in No.Indiana runs approx. $8.00 a lb. Now if these same steaks went to $16.00 or $24.00 a lb. do you honestly believe folks would be doing the same amount of steak consumption even tho its not on their daily menue.

Another example is how cigeratte consumption went down after the huge price increases because of taxes on the product. And NO I am not a smoker.

The blanket statement by you that the price of fuel will have no impact or effect on how much you or the nations drivers drive is in reality ridiculous. Sorry but thats IMHO.

 

[Mr Nice]

I have only been speaking for myself, not the other millions and millions of drivers in the USA. All my posts in which I use the words "we" and "I" are referring to me and my wife having to drive the same exact miles per year whether gas is $3 or $6 a gallon.

I get the feeling that you are somewhat bitter that I made the remark "business as usual" and not worried about gas prices or was it the reference to Elkhart IN ?

Sure many people will cut back if fuel prices go up.... not us.

 

[jcwit]

Elkhart Indiana has little to do with it, altho many many in this community have been and are still hurting, but to contend that business is going on as usual is not seriously looking at the facts of our economy. And to contend that the price of gasoline or any other commodity going up in price does not effect the whole population, yourself encluded, is ridiculous.

And believe me if gas goes high enough you and your wife WILL also be effected and your driving WILL be effected. You do live in the world of reality whether you wish to admit it or not. Or mayhap you are so wealthy that it will not effect you? If so why are you working? Why not retire and enjoy life. Or is monetary gain that important?

Believe it, No Man Is An Island!

 

[motorguy222]

The price of gas has already been shown to have a negative effect on people and the economy.When it went up real high not very long ago,it effected peoples everyday lives and it effected the economy.Now,if a person says that it will not effect them,a person can only think that they are very well off.As has bee stated already,there are those that drive 40+ miles a day,one way,to work.

A small car isnt going to make it that much better,high gas prices are still hard on people and has also been said,high gas prices also effects the price of everything else.

When gas was high back some time ago,they even raised our garbage bill to make up for the price increase in gas.The high gas prices also effected truck drivers which talked of haveing a strike because they couldnt afford to buy the fuel for their trucks.

High gas prices effect the price of food and everything else that we use and need.

 

[Herz]

Originally Posted By: SkyGod
40 cent a gallon gasoline tax,added to the already over taxed commodity =$4 per gallon soon.


plus if cap and tax passes, its over for everything. All, everthing, especially gas will increase.

 

[Vikas]

Look at the bright side. We were expecting the gas price to jump in the summer due to the driving season. Fortunately, they did not spiral up then. Obviously, I have no idea why they are creeping up now but it never needs a reason!

- Vikas

 

[Mr Nice]

Me wealthy ?

NO. I have to keep working for the next 20 years so I can be in your position when I retire. But I've taken Gary's advice for the past 10 years and have saved over 2 years worth of my gross pay in cash, not including what my wife saves. For the record again, we will drive the same miles per year if gas hits $6 a gallon.

You seem incredulous to the fact that some people can't simply decide to drive less cause the price of gas increases.

 

[jcwit]

Oh well I guess I'm just the stupid jerk that lives in the world of reality, and the increase of price of anything has no bearing on how much of whatever is consumed by the populace, you encluded.

We'll pick this up once again if and when gas hits $6.00 a gal, and your pay check has not gone up to cover the increase in price in everything you and yours purchase.

Best of Luck

 

[jcwit]

AS an afterthought, this stupid jerk was able to retire at the ripe old age of 56. Love it.

 

[daves87rs]

Originally Posted By: Spazdog

That looks about right. But it is not going to happen the way you guys think it will....

 

[Pesca]

Originally Posted By: Vikas
Obviously, I have no idea why they are creeping up now but it never needs a reason!

- Vikas


From what I read in the news, it is mainly because your government loves their new printer and the rich Arabs still want to be rich:

Since the federal bank prints a lot of new bills these days, the US $ depreciates on international markets, therefore the $70 barrel of crude oil is worth less when the money is back into the rich Arab Sheiks. In order to compensate that and still be able to buy their next private airplane, they increase the price of the barrel to $80 to compensate the depreciation of the US $. They were talking about a 13% depreciation.

 

[VNTS]

Yes

They got great deals on em with huge rebates while the Small car buyers got screwed MSRP plus mark up.

Originally Posted By: Steve S
Just think of all those whose bought gas sucking pickups and cars after the last price hikes.

 

[jcwit]

Price of barrels of oil are not "set" by Arab Sheiks. Supply and demand and speculation on the futures markets control the price. Of course cutting back on pumping decreases the supply on the world market raising the price. The U.S. imports more raw oil from Canada than anywhere else, so are we to blame the rich Candian sheiks for the $80.00 a barrel cost?

 

[javacontour]

Originally Posted By: jcwit
Price of barrels of oil are not "set" by Arab Sheiks. Supply and demand and speculation on the futures markets control the price. Of course cutting back on pumping decreases the supply on the world market raising the price. The U.S. imports more raw oil from Canada than anywhere else, so are we to blame the rich Candian sheiks for the $80.00 a barrel cost?


Exactly!

The only thing the Canadian (or any other flavored Sheik) controls is how much oil they put on the market. If anyone would do about 10 seconds worth of research, OPEC does set price targets. But perform some critical thinking. Does price target mean they set the price?

NO!

Price targets are set and they allocate production quotas to the members of OPEC they believe will support that price. In other words, they control how much oil they will put on the market.

Maybe.

Cheating is rampant, so some nations agree to the targets and as the price rises, they put a bit more oil on the market, trying to grab a bit more money. When more oil is on the market, the price drops.

Now folks can cry and complain about how fair or unfair it is that someone can determine how much of their own oil they are willing to put on the market.

However, I'm pretty sure there is no constitutional right to low energy prices and certainly no right when it comes to telling other nations what they should do with their natural resources.

So if you don't like the price of gas, stop buying it. Buy a smaller car, use less.

That will teach those Canadian Sheiks

 

[jcwit]

Well put. You gave me a chuckle for today, Thanks!

 

[Pesca]

I wrote that is what I read, I did not say that was my opinion.

But as you noticed yourself, they decide the quantity to pump, and in reaction, the price.

As for Canadian oil, I am not sure we are the first supplier to the US.
The oil coming from the sand in Alberta is expensive to extract (and quite messy too), so it is not interesting to extract if price is below $80. From what I remember, that is where it is starting to be profitable (maybe $70?).

As for the Canadian sheiks, don't worry about them, they are quite happy when they see how many big V8s you buy. They may not have the napkin on the head, but they still buy too many planes for their needs. Life in Alberta gets easier as the crude oil price goes up. You could not believe how many hints we got in 2008 to move over there.

 

[javacontour]

Originally Posted By: Pesca
I wrote that is what I read, I did not say that was my opinion.

But as you noticed yourself, they decide the quantity to pump, and in reaction, the price.


And the consumer also decides the quantity to pump, at the pump and in reaction, the price. Then the consumer stops buying, the price is not supported and falls.
Originally Posted By: Pesca


As for Canadian oil, I am not sure we are the first supplier to the US.
The oil coming from the sand in Alberta is expensive to extract (and quite messy too), so it is not interesting to extract if price is below $80. From what I remember, that is where it is starting to be profitable (maybe $70?).

As for the Canadian sheiks, don't worry about them, they are quite happy when they see how many big V8s you buy. They may not have the napkin on the head, but they still buy too many planes for their needs. Life in Alberta gets easier as the crude oil price goes up. You could not believe how many hints we got in 2008 to move over there.


I never begrudge someone a profit for producing something folks want. If I don't like the price, I don't buy. It's as simple as that.

If anyone doesn't like the price of oil, they are free to stop buying.

Apparently folks are OK with the prices as they keep buying those V8 powered vehicles. Since one cannot control any of the Sheiks, one has to control their own consumption.

But that's not popular because folks want to blame others and avoid the consequences of their own choices for the most part.

If you think someone is buying too many jets, stop buying their products and pretty soon they won't have the money to buy those jets.