RE: Is the price of gas changing your life yet? (Full Version)

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popeye1250 -> RE: Is the price of gas changing your life yet? (5/4/2008 11:01:26 PM)

quote:

ORIGINAL: FatDomDaddy

I am not worried about gasoline prices at all. The price of oil at close to $120.00 a barrel is a bubble that is beyond false and it will soon pop. Even in the worst case scenario, crude oil should be between $55 and $60 a barrel and that is with a weak dollar. The $120 price is poor speculation. gasoline prices will be back around $2.00 buy January 2009. Of course for some reason this will drive the democrat party and many leftists insane but what can you do???

Nope, my driving habits are not changing. It is my American right to drive anywhere I well please and I will.

Now maybe the dems and the lefties should get real and start supporting nuke technology if they are so freaking worried about oil.


FatDom, I agree with you there!
I watch the futures markets and there is simply no rhyme or reason for oil to be at $120 per bbl. especially when it's costing them $4 a bbl to get it out of the ground!
They say that 20% of the price is due to speculation but it has to be much higher than that!
And you're right about there being no "shortage" of oil too.
The world is awash in oil!
Russia's "known" reserves are gigantic! And that's just what they "know" about.
I think the oil companies are trying to pull a "De Beers" on us.



winterlight -> RE: Is the price of gas changing your life yet? (5/4/2008 11:03:05 PM)

Gas here in California is $3.94 to $4.08 for unleaded regular



winterlight -> RE: Is the price of gas changing your life yet? (5/4/2008 11:09:13 PM)

Lots of people are starting gardens. Time to slow down your speed when driving and get a hybrid. I would get one but they are too expensive for me.
I have been a passenger in one. They are nice.



calamitysandra -> RE: Is the price of gas changing your life yet? (5/5/2008 12:26:15 AM)

quote:

ORIGINAL: FangsNfeet
So is the price of gas changing my life? No, but the price of Baby Formula has.


[:D]

I pay about 8,50 per gallon. But then, I live in Germny, so that is no fair comparision.



Asherdelampyr -> RE: Is the price of gas changing your life yet? (5/5/2008 12:36:36 AM)

Gas prices here are around 3.30/galleon

I ride the bus to work now



MzMia -> RE: Is the price of gas changing your life yet? (5/5/2008 4:12:00 AM)

quote:

ORIGINAL: Lordandmaster

We'll see, but I don't think the price of groceries is coming down anytime soon.  There's no economic reason to anticipate that.

But everyone's an expert.


I should have inclueded the price of groceries also, we need a thread on the prices at
the supermarkets.[;)]



MzMia -> RE: Is the price of gas changing your life yet? (5/5/2008 4:13:50 AM)

quote:

ORIGINAL: winterlight

Lots of people are starting gardens. Time to slow down your speed when driving and get a hybrid. I would get one but they are too expensive for me.
I have been a passenger in one. They are nice.


I think many "smart" people will start gardens and growing as much as they can.
 I plan to  get a very small greenhouse!
That way I could control my garden even better.
[:D] something small to protect my fruits and veggies.
 View by Model - Rion Greenhouses, Hobby Greenhouses, Plant-In Greenhouses, Sunshine Gardenhouse

MzMia the greenhouse gardener!



orfunboi -> RE: Is the price of gas changing your life yet? (5/5/2008 6:10:12 AM)

Its around 3.50 here. I usually go to Costco for mine. I don't think the price has really changed how much I drive, but I don't drive alot anyway.



subcowgirl -> RE: Is the price of gas changing your life yet? (5/5/2008 6:13:22 AM)

3.50 good gosh i would kill to have gas at that price right about now....out here we pay 3.89 for cheap gas....and it's only goin up



LaTigresse -> RE: Is the price of gas changing your life yet? (5/5/2008 6:14:07 AM)

Last time I looked, gas was about $3.43.9 at my local station. No it has not really changed much of anything except there is less money for extras. Stuff I don't need anyway.

This household drive anywhere from 100 - 150 miles a day for work, Monday through Friday. We've always carpooled when possible and try to limit our weekend trips. Doing the bulk of our shopping on the way home from work. We've always driven small, economic vehicles as primary transportation so no change there. Just paying a bit more to do it. A $20 fill is now $30+. 2-3 fill ups a week. Yes, there is less fun money. Such is life. I have been much worse off in my younger years. This isn't all that terrible.

I would love to have veggie gardens but A. our soil SUCKS and B. I just do not have the time for it.

We don't use petroleum products as our primary heat source so that doesn't matter. We limit other resources. I've always been careful so now it is just more useful.



FatDomDaddy -> RE: Is the price of gas changing your life yet? (5/5/2008 7:50:54 AM)

quote:

ORIGINAL: Leatherist

Prices tend to stay up once they go up. I'm starting a garden.


No they don't. They aren't taxes!!!!



Aneirin -> RE: Is the price of gas changing your life yet? (5/5/2008 8:26:40 AM)

I have recently noticed, the price of basic foodstuffs has gone up, whether this be the increased cost of fuel or food getting scarce, either way, it's going to get rough for those on meagre incomes.

I don't eat a great deal now, so cannot see myself eating less, but maybe possibly a diet of rice and fish when I can catch it.

Transport, well, a daily around trip of fourteen miles, and that on a pedal cycle through the congestion of dense traffic, the usual grid lock hell, Cycling, good exercise and for the heart, but one wonders at the sick feeling experienced after breathing a sea of exhaust fumes.



Smith117 -> RE: Is the price of gas changing your life yet? (5/5/2008 8:55:58 AM)


quote:

ORIGINAL: Aneirin

I have recently noticed, the price of basic foodstuffs has gone up, whether this be the increased cost of fuel or food getting scarce, either way, it's going to get rough for those on meagre incomes.


This is primarily what's leading to the things in the links I posted earlier. One person interviewed in one of those articles is in mexico and talks with a son that came here seeking "a better life" like so many others claim to. But with the price of everything going up, the son said it's no better here than it is there for him. If this is true for many illegals coming here, perhaps they will stop.
 
One must then wonder, if that's the case. Perhaps this shortage 'is' manufactured to do what the legislators could not. They can't vote on a bill to keep them out or send them back, but perhaps they found another way.



Kirren -> RE: Is the price of gas changing your life yet? (5/5/2008 12:18:23 PM)

Im thinking of selling the family car for scrap, as scrap is up way high now, and then buying a 4 wheeler or something...maybe a go cart or a dune buggy.

A horse would probably be the best bet, since I can also save on gas for the mower by cutting the horse lose in the front yard to eat the grass.

Who knows.



rubberpet -> RE: Is the price of gas changing your life yet? (5/5/2008 12:27:56 PM)

I've cut my driving to nearly nothing.  The ONLY time I drive anywhere is to work.  On my days off, I simply stay home and relax because I just can't afford to drive anywhere.  I hate those OPEC bastards!!! [sm=soapbox.gif]  I hope they all rot in hell!!!

***whew...I'm done now***



FatDomDaddy -> RE: Is the price of gas changing your life yet? (5/5/2008 2:38:24 PM)

Truthfully, the cost has little to do with OPEC. Crude oil is a commodity and is only worth something when its actually being purchased. OPEC likes selling the stuff, in fact, it really needs to sell oil to survive. OPEC does not set the price, the Global World Market does. The problem with that market right now, besides a weak US dollar, is the false speculation going on. It is a market bubble and just like any other market bubble, it is going to pop. When it does, the people who bought at over $85 will take a bath big time. Trust me, a lot of the people who bought $85 are buying $120 in hopes that the doomsayers are right. The problem for them is right now in 2008 and for a long long time after, there is plenty of oil and its easy to get to.

Now OPEC may be gaining some benefit in its pocketbook but then they don't need to speculate on the price do they?  They just need to sell it.

And remember this....  The $120 is for the right to buy that oil at $120 in the future. That is not the price on the dock. The price is the dock is far cheaper. And if in the future, light sweet crude is $97, or $87 or $67 and not $150 a lot a good that $120 paper will do.



FangsNfeet -> RE: Is the price of gas changing your life yet? (5/5/2008 9:41:23 PM)

What an interesting thread.

Ten years ago, I was being payed $7.00 / hr and drove 30 miles to work. My rent was $500 a month all bills paid. Gas was just a little over a dollar per gallon. Back in these days, my gas gauge usually sat on E or on the Quarter Tank side. I'd rarely had enough money to buy over half a tank. I struggled and bumed dollars just to get a gallon of gas here and there.

Now, my hourly income is close to triple. I'm 45 miles from work. My house note is over $1200 a month. I also have to pay on utilities. I'm paying $3.50/gallon on gas.  Inflation wise, my pay went up. But also did gas and living payments. Even my miles to drive to work increased. Yet, gas is not difficult for me to buy. No buming is needed.

I'm having less difficulty buying gas now that I ever have in my entire time of driving. 



popeye1250 -> RE: Is the price of gas changing your life yet? (5/6/2008 12:15:47 AM)

quote:

ORIGINAL: FangsNfeet

What an interesting thread.

Ten years ago, I was being payed $7.00 / hr and drove 30 miles to work. My rent was $500 a month all bills paid. Gas was just a little over a dollar per gallon. Back in these days, my gas gauge usually sat on E or on the Quarter Tank side. I'd rarely had enough money to buy over half a tank. I struggled and bumed dollars just to get a gallon of gas here and there.

Now, my hourly income is close to triple. I'm 45 miles from work. My house note is over $1200 a month. I also have to pay on utilities. I'm paying $3.50/gallon on gas.  Inflation wise, my pay went up. But also did gas and living payments. Even my miles to drive to work increased. Yet, gas is not difficult for me to buy. No buming is needed.

I'm having less difficulty buying gas now that I ever have in my entire time of driving. 



Fangs, when I was a kid I asked my father how many pickup trucks he could buy if he sold the house free and clear.
He said "7".
Thirty years later when we sold the house after my mother died I did some calculations and the proceeds would buy exactly, ..."7" pickup trucks.
So I don't know how the govt can demand a tax on your house that, when you factor in inflation hasn't risen in price.



hermione83 -> RE: Is the price of gas changing your life yet? (5/6/2008 1:19:07 AM)

I drive two hours a day. I make about 1100 a month, my 1bdrm is 649$, my electricity/water/sewer/phone/net is about 210$. My gas is about 450 a month to get to my job that is an hour away (total of 100 miles a day driving just for work). What's left for food, taxes, clothing, my super high medical bills with no insurance, even personal hygeine? Well, you do the math.. I have negative 100 left for the rest of my basic bills. Nifty stuff.



rubberpet -> RE: Is the price of gas changing your life yet? (5/6/2008 1:23:23 AM)

quote:

ORIGINAL: FatDomDaddy

Truthfully, the cost has little to do with OPEC. Crude oil is a commodity and is only worth something when its actually being purchased. OPEC likes selling the stuff, in fact, it really needs to sell oil to survive. OPEC does not set the price, the Global World Market does. The problem with that market right now, besides a weak US dollar, is the false speculation going on. It is a market bubble and just like any other market bubble, it is going to pop. When it does, the people who bought at over $85 will take a bath big time. Trust me, a lot of the people who bought $85 are buying $120 in hopes that the doomsayers are right. The problem for them is right now in 2008 and for a long long time after, there is plenty of oil and its easy to get to.

Now OPEC may be gaining some benefit in its pocketbook but then they don't need to speculate on the price do they?  They just need to sell it.

And remember this....  The $120 is for the right to buy that oil at $120 in the future. That is not the price on the dock. The price is the dock is far cheaper. And if in the future, light sweet crude is $97, or $87 or $67 and not $150 a lot a good that $120 paper will do.


Damn, I wasn't expecting to get an economics lesson on this thread, but I'm glad I did.  Appreciate the info, FDD. [:D]

Yay...I'm now properly informed!!!  Now that's cool!



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