Gas prices, why is everyone so freaked out?

notfred

Lifer
Feb 12, 2001
38,241
4
0
A year or two ago, when gas was $1.79/gallon, no one complained. People seemed to be pretty satisfied with $1.79/gallon. Now gas is up to $2.25/gallon. That's roughly a 25% increase in the cost of gas. That means if you were previously paying $20 to fill up your tank, now you're paying $25. Wow, $5. About the cost of a big mac combo meal. Maybe you fill up once a week, that's $20/month. That's about the cost of a new DVD, or half a video game, or one night eating dinner out. That's really not a whole hell of a lot of money.

Maybe you're saying "But my $30,000 SUV doesn't cost $25 to fill up, it costs $75 to fill up!"
The payment on that SUV is what, about $500/month? How much is your insurance? Another $100 or so? And the price you pay for gas has increased by maybe $50/month, and that's supposed to worry you? You can afford $600/month for a car. If the gas really is making your budget THAT tight, you could always cancel HBO and the playboy channel, that'll get most of your extra money back.
 

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136
It's a mystery to me.

I don't particularly LIKE paying $2.35 for regular, but it's just not that big of a deal.

If I was truly interested in saving money on gas I'd try harder to keep the gas pedal off the floor.

Viper GTS
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
For the most part, Americans aren't complaining seeing as AAA have stated they expect this weekend's travel numbers to be the highest ever.

ATOT on the other hand....who know's other than most members like to bitch about silly things.
 

Electric Amish

Elite Member
Oct 11, 1999
23,578
1
0
Originally posted by: notfred
A year or two ago, when gas was $1.79/gallon, no one complained. People seemed to be pretty satisfied with $1.79/gallon. Now gas is up to $2.25/gallon. That's roughly a 25% increase in the cost of gas. That means if you were prevoiusly paying $20 to fill up your tank, now you're paying $25. Wow, $5. About the cost of a big mac combo meal. Maybe you fill up once a week, that's $20/month. That's aboutt he cost of a new DVD, or half a video game, or one night eating dinner out. That's really not a whole hell of a lot of money.

Maybe you're saying "But my $30,000 SUV doesn't cost $25 to fill up, it costs $75 to fill up!"
The payment on that SUV is what, about $500/month? How much is your insurance? Another $100 or so? And the price you pay for gas has increased by maybe $50/month, and that's supposed to worry you? You can a fford $600/month for a car. If the gas really is making oyur budget THAT tight, you could always cancel HBO and the playboy channel, that'll get most of your extra money back.

I've always said the same thing.

Prices can jump 10¢ overnight and people cry foul, yet that's only $1 extra on a 10gal fillup.
 

anxi80

Lifer
Jul 7, 2002
12,295
2
0
as much i dislike paying $2.57/gallon for regular unleaded, the way i see it, its only a few bucks more than what i paid when it was at its recent lowest. i would've took that extra $5-10 and bought fast food or something. now i see myself coming home and cooking more and making b.l.t.'s and such.
 

Wingznut

Elite Member
Dec 28, 1999
16,968
2
0
It's about how people take their cars so personally. (Which is something I've always found fascinating.)

If someone cuts you off on an onramp, people go ballistic. If you are walking down the hall and someone cuts in front of you, who cares?

If someone wants to change lanes, many people get all uptight and won't let them get in front. Not hardly the same issue when biking through a park.
 

Francodman

Diamond Member
Dec 11, 1999
4,965
0
76
maybe on a small scale yeah, but what about business that use fleet vehicles, or buses... it adds up a lot.
 

Turkish

Lifer
May 26, 2003
15,549
1
81
Originally posted by: Francodman
maybe on a small scale yeah, but what about business that use fleet vehicles, or buses... it adds up a lot.

thats when they increase their price as well. simple as that. but i agree, they are the ones that may get hurt if they don't adjust their production/pricing appropriately.
 

dullard

Elite Member
May 21, 2001
25,054
3,408
126
Gasoline in cars is just one part of the picture. In fact it is the smallest part of the picture.

If your house is heated by oil products and you pay $300 a month for heating, what does a 25% increase do to a budget? Note: I'm not saying a 25% increase in gasoline is a 25% increase in heating costs - they are not directly related. But the price of oil has increased by ~100% recently. It will increase the cost of heating.

What about consumer goods. Industry uses tons of fuel - for manufacturing, for raw materials, for transprotation, etc. A 25% increase in gas will have a signficant impact on price of things we buy every day.

The list goes on and on. All of the factors add up.
 

notfred

Lifer
Feb 12, 2001
38,241
4
0
Originally posted by: Francodman
maybe on a small scale yeah, but what about business that use fleet vehicles, or buses... it adds up a lot.

Maybe you talk to a lot of CEOs of transportation companies, but I mostly talk to people who are just driving themselves to work and the grocery store.
 

Francodman

Diamond Member
Dec 11, 1999
4,965
0
76
Originally posted by: Xiety
Originally posted by: Francodman
maybe on a small scale yeah, but what about business that use fleet vehicles, or buses... it adds up a lot.

thats when they increase their price as well. simple as that. but i agree, they are the ones that may get hurt if they don't adjust their production/pricing appropriately.

Yeah, and when they increase their price, we pay more. DONT YOU SEE!!!??!?! CHAOS!!!!
 

zimu

Diamond Member
Jun 15, 2001
6,210
0
0
Originally posted by: Xiety
Originally posted by: Francodman
maybe on a small scale yeah, but what about business that use fleet vehicles, or buses... it adds up a lot.

thats when they increase their price as well. simple as that. but i agree, they are the ones that may get hurt if they don't adjust their production/pricing appropriately.

and we're the ones who pay for it, once again.

it all adds up.
 

Francodman

Diamond Member
Dec 11, 1999
4,965
0
76
Originally posted by: notfred
Originally posted by: Francodman
maybe on a small scale yeah, but what about business that use fleet vehicles, or buses... it adds up a lot.

Maybe you talk to a lot of CEOs of transportation companies, but I mostly talk to people who are just driving themselves to work and the grocery store.

Some people don't work in offices all day.
 

notfred

Lifer
Feb 12, 2001
38,241
4
0
Originally posted by: Francodman
Originally posted by: notfred
Originally posted by: Francodman
maybe on a small scale yeah, but what about business that use fleet vehicles, or buses... it adds up a lot.

Maybe you talk to a lot of CEOs of transportation companies, but I mostly talk to people who are just driving themselves to work and the grocery store.

Some people don't work in offices all day.

That's true, but most of these higher up people at transportation companies and people in charge of fleets of vehicles probably do. What's your point?
 

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136
Originally posted by: dullard
Gasoline in cars is just one part of the picture. In fact it is the smallest part of the picture.

If your house is heated by oil products and you pay $300 a month for heating, what does a 25% increase do to a budget? Note: I'm not saying a 25% increase in gasoline is a 25% increase in heating costs - they are not directly related. But the price of oil has increased by ~100% recently. It will increase the cost of heating.

What about consumer goods. Industry uses tons of fuel - for manufacturing, for raw materials, for transprotation, etc. A 25% increase in gas will have a signficant impact on price of things we buy every day.

The list goes on and on. All of the factors add up.

While that's obviously the case, most people aren't smart enough to see that.

They only see the price on the pump once a week & flip out.

Viper GTS
 

Francodman

Diamond Member
Dec 11, 1999
4,965
0
76
Originally posted by: notfred
Originally posted by: Francodman
Originally posted by: notfred
Originally posted by: Francodman
maybe on a small scale yeah, but what about business that use fleet vehicles, or buses... it adds up a lot.

Maybe you talk to a lot of CEOs of transportation companies, but I mostly talk to people who are just driving themselves to work and the grocery store.

Some people don't work in offices all day.

That's true, but most of these higher up people at transportation companies and people in charge of fleets of vehicles probably do. What's your point?

My point is that you should take an econ class
 

Thraxen

Diamond Member
Dec 3, 2001
4,683
1
81
They only see the price on the pump once a week & flip out.

It has a whole lot to do with the rate of the increase and not simply the increase itself.

What if your cable/internet/whatever bill went up 25% next month? Would you be upset? Yes, you would.
 

Zenmervolt

Elite member
Oct 22, 2000
24,512
21
81
All things being equal I prefer it to be cheaper, of course. But I agree with you. If I were really bothered I wouldn't be "playing" with my car nearly as much. :)

ZV
 

notfred

Lifer
Feb 12, 2001
38,241
4
0
Originally posted by: Francodman
My point is that you should take an econ class

My point is that you missed the point entirely. This post isn't really about economics, it's about people people seeing the gas pump run up to $35 and freaking out. These people aren't thinking about the effect of gas prices on the cost of other goods, they're jsut looking at the gas pump and saying "AHH! That's a lot!".
 

Francodman

Diamond Member
Dec 11, 1999
4,965
0
76
Originally posted by: notfred
Originally posted by: Francodman
My point is that you should take an econ class

My point is that you missed the point entirely. This post isn't really about economics, it's about people people seeing the gas pump run up to $35 and freaking out. These people aren't thinking about the effect of gas prices on the cost of other goods, they're jsut looking at the gas pump and saying "AHH! That's a lot!".

I'm sorry, i gave too much credit to the spending public. I forgot their all a bunch of misguided fools constantly misisng the big picture.