Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

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WhipperSnapper

WhipperSnapper

Lifer
Oct 30, 2004
11,442
32
91
If you think that gas prices have been increasing lately, it's not your imagination. $3/gallon used to be reserved for the summertime, but it's already here in December and it could get even higher before the year is out. Perhaps we'll cross the $4/gallon barrier this summer.

Higher gas prices should worsen an already awful U.S. economy and job market.

Gas Prices on Track for Unseasonable Spike

(Aren't you glad you bought that economy car now and not that big gas guzzling SUV you wanted?)
 
Zebo

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Not really higher it gets better off I am. As you know I don't trust wall street as such my primary investment is working interests in gas and oil wells. I've been buying these since I was 15. Started with $200 and that still sends me $40-50 like clock work every month. It's basically my retirement program since I don't have a 401k. Bring it on!

I offered a couple members here to go to O&G auction in Houston when things were shit, none wanted to come.
 
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Imdmn04

Platinum Member
Jan 28, 2002
2,566
6
81
Not worried about it, people and car makers will adapt.

When gas prices hit nearly $5/gallon a few years ago people started dumping SUVs and actually planned their routes.

Plus, cars generally now have higher MPGs to offset the higher fuel price. Look at all the mainstream models of late, more and more of them are offering 4bangers, sometimes with a turbo. Take the Sonata for example, they don't even offer a V-6 anymore. Look at the A4, A5, TT, the only engine available now is the 2.0T, the 3.2 V6 is pretty much obsolete. Car companies are moving to smaller and more efficient engines.

Europe is also a good example, especially in the UK, 90 percent of their cars are diesel at 40mpg+. So even at the astronomical oil price they have, the overall cost of operation is still comparable to the U.S.
 
D

drebo

Diamond Member
Feb 24, 2006
7,034
1
81
I wonder what the true breaking point of the American public is. I'm pretty close to my own breaking point, here. I've made more money each year for the past five years, and I have almost nothing to show for it. I'm getting kind of sick of it.
 
W

wirednuts

Diamond Member
Jan 26, 2007
7,121
4
0
the money is there. 5% of us hold 95% of wealth. its not about socialism when youre just trying to get away from tyranny.
 
Slew Foot

Slew Foot

Lifer
Sep 22, 2005
12,379
96
86
Drive for 5, woo hoooO!!!!

Bring it on, it just means the dividends from my oil trusts get higher.
 
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irwincur

Golden Member
Jul 8, 2002
1,899
0
0
CPA said:
That damn Obama and his oil baron minions...
Click to expand...

Exactly, where is the outrage about Obama's oil buddies driving up the price. When Gas was at $3.00+ under Bush the libs were personally blaming him and his 'buddies' for it. Either they are all on the same side, or libs are just the worst kind of hypocrites.
 
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al981

Golden Member
May 28, 2009
1,036
0
0
drebo said:
I wonder what the true breaking point of the American public is. I'm pretty close to my own breaking point, here. I've made more money each year for the past five years, and I have almost nothing to show for it. I'm getting kind of sick of it.
Click to expand...

you won't do anything about it.

see sig too.
 
Londo_Jowo

Londo_Jowo

Lifer
Jan 31, 2010
17,303
158
106
londojowo.hypermart.net
waggy

waggy

No Lifer
Dec 14, 2000
68,143
10
81
where is the outrage? when it would go up under bush there were huge threads bashing bush for hid direct responbility on this.

..

i will c heck back latter.
 
WhipperSnapper

WhipperSnapper

Lifer
Oct 30, 2004
11,442
32
91
Just watch the price of food skyrocket again.

All the worries and concerns about deflation might be unfounded; higher gas prices will probably result in inflation.
 
Zebo

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
WhipperSnapper said:
Just watch the price of food skyrocket again.

All the worries and concerns about deflation might be unfounded; higher gas prices will probably result in inflation.
Click to expand...

Oil is everything. Making food, transporting food, Making anything, your computer used at least 2 barrels of oil to make for example. Transporting everything. Everything will go up.

This is primarily Benny the B trashing dollar and oil is just a commodity which rises when you devalue currency. But not just any commodity. THE COMMODITY.
 
Murloc

Murloc

Diamond Member
Jun 24, 2008
5,382
65
91
here you pay approx 1,6 CHF/Liter (varies all the time).
Swiss francs are worth the same as US dollars (both cost of life and wages are higher here though)

That's 6$/gallon

Here not everyone needs a huge car, and roads, parking places for you car, houses, everything is smaller. There are old towns where you can barely pass through with a small car.
They had to ban SUVs from a village because they would get stuck all the time in the small roads.
My english teacher is canadian and often tells us about the difference in size, and how shocking is for an american to move to europe.
He said that parking places in his country are larger and even have buffer zones between the lines so that you can open your door freely.
Here if you're a fat american woman you can't exit your SUV.

We still manage to survive, americans just need to avoid buying trucks and suvs if they don't need them, it's that simple.
 
Zebo

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
And leave more for developing nations? Fuck that. I like first world standard of living.

Also conservation never slows consumtion rate. You save more, which invests more - into oil consuming stuff which everything is. And with power of fractional reserve lending you use much much more by saving. See Jevons Paradox.

I drive 8000lb F350 with 38" tires
and a 5000lb town car

Two cars for one guy!!:p

Thats conservation.
 
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