RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (Full Version)

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Marini -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/11/2011 3:57:45 AM)


quote:

ORIGINAL: ManyColorsOnYou

RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming

"IF" gas hits a high of $5.00, I'll be happy... I see the range more like $7-$10... And NOT going back down anytime soon.


I totally agree with you, gas will go up much higher than $5 in the future.
Most people can barely deal with $5 a gallon gas.....
Hush hush now, Keep quiet, you will scare them.
We will deal with $5 - $10 dollar gas later, baby steps.




kissheels -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/11/2011 4:14:15 AM)

try 1.39 a liter here




slvemike4u -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/11/2011 6:49:53 AM)

quote:

ORIGINAL: Marini


quote:

ORIGINAL: ManyColorsOnYou

RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming

"IF" gas hits a high of $5.00, I'll be happy... I see the range more like $7-$10... And NOT going back down anytime soon.


I totally agree with you, gas will go up much higher than $5 in the future.
Most people can barely deal with $5 a gallon gas.....
Hush hush now, Keep quiet, you will scare them.
We will deal with $5 - $10 dollar gas later, baby steps.
This isn't exactly going out on a ledge though is it ? Of course gas prices will continue to rise,the only question...is at what rate? It is a finite energy source and demand is rising as new economies emerge.It is time we accept that our dependence on this form of energy is unsustainable...and put together a "man on the moon in this decade "effort to find an alternative,renewable energy source.




Marini -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/11/2011 2:29:49 PM)

quote:

ORIGINAL: slvemike4u

quote:

ORIGINAL: Marini

quote:

ORIGINAL: ManyColorsOnYou

RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming

"IF" gas hits a high of $5.00, I'll be happy... I see the range more like $7-$10... And NOT going back down anytime soon.


I totally agree with you, gas will go up much higher than $5 in the future.
Most people can barely deal with $5 a gallon gas.....
Hush hush now, Keep quiet, you will scare them.
We will deal with $5 - $10 dollar gas later, baby steps.
This isn't exactly going out on a ledge though is it ? Of course gas prices will continue to rise,the only question...is at what rate? It is a finite energy source and demand is rising as new economies emerge.It is time we accept that our dependence on this form of energy is unsustainable...and put together a "man on the moon in this decade "effort to find an alternative,renewable energy source.



Last time I checked, I am not required to "go out on a ledge" to make comments online.
My point is, many people are NOT ready for $4- $5 gallons of gas, and I am fairly certain many
will NOT be prepared to see prices between $5- $10 gallon gas ANYTIME in the NEAR future.
[;)]
I also think that prices will be way over $7 or $8 a gallon before we come up with any long term viable alternatives.




defiantbadgirl -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/11/2011 5:07:14 PM)

People who can starting riding bicycles and mopeds. I wonder how fast and far the prices would fall.




MarkfromHouston -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/11/2011 9:51:10 PM)


quote:

ORIGINAL: defiantbadgirl

People who can starting riding bicycles and mopeds. I wonder how fast and far the prices would fall.


I know that many people are already riding bicycles to work, but the truth is that the impact of current fuel prices is going to hurt the economy and teh only absolutely sure way to bring those prices down is to open up more drilling. If the President went on TV tomorrow and announced that we were going to open it up almost everywhere then you would see it go back down, and way down.

The real damage to the economy is lagging about three to six months behind because transportation sector costs are just now starting to increase. I paid $4.099 per gallon for diesel today, one year ago it was in the low to mid $2.00 range most places. A 100% plus increase and we are just now raising the rates we charge to our customers to transport goods. An expample is the run from Houston, TX to Midland, TX one year ago I charged $1,200.00 for that run, today I charged $2,100.00 and it really is not enough. Imagine when last year we charged $7,500.00 from central California to Boston MA for a load of produce in the peak season, this year in peak season it will be around $15,000.00 and the truckers and the trucking companies will be just breaking even on it if they are lucky. Your lettuce and stuff is going way way up. So if you are a vegetarian I suggest you plant a very large garden and get ready, because if not you are paying more soon at a store near you.

Inflation sucks, I lived through Carter, people were really hurting, gasoline was rationed, food was in short supply, travel was incredibly expensive and people could not get loans. Interest rates around 20% APR on mortgages and auto loans, unemployment was high too. We are just getting ready for a new dose of pain, and I really am not looking forward to it.

Nice butt pic HEHE




domiguy -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/11/2011 10:24:27 PM)

Th economy is recovering, things are getting better and gas prices will retreat back down to an acceptable level.

I drive a ton for my hobbies and work. Higher gas prices fewer a-holes on the road. winning.




TheHeretic -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/11/2011 10:30:57 PM)


quote:

ORIGINAL: defiantbadgirl

People who can starting riding bicycles and mopeds. I wonder how fast and far the prices would fall.



Well, let's see... I do a 20-ish mile commute with summer temperatures well over 100 degrees regularly, and frequent high winds.

Nope. I'll be sticking with car, thanks.




fmfclwu -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/11/2011 11:28:14 PM)

quote:

ORIGINAL: MarkfromHouston
**omitted nested quotes**

Well there is no surprise in the fact that you do not run a business, and that is not saying anything bad, but those of us who do know exactly how long it takes to pay that nasty tax bill. I would say that you might take a look at just who pays taxes in the USA, it sure is not the poor.

The bottom 50% pay nothing. The top 10% pay 70% of all taxes, that means that people like myself who are small business owners are carrying the burden and every day we hear how you want to "tax the rich". If you keep it up we are going to start saying "let's eat the poor", though I doubt most of the poor would taste very good but daminit...we cannot keep carrying the load, either unburden us or take on some of the burden yourself or we might just all decide working our butts off so people can have jobs and stuff is not any fun and take our money (and it is BY GOD OUR MONEY) and leave the country with it. See how you finance health care and all of that crap when we all leave. Do not make the mistake of thinking that the so called rich won't be able to leave or won't desire to leave, crash this economy with debt about one more time and I know a few hundred who are going to take millions out of the country and I would hope to hitch a ride with them if they will accept a poor working man who is also supposedly wealthy.

Our government currently defines the rich as those with gross household incomes over $250,000.00 per year, the average long haul owner operator trucker earns over $250k a year before fuel and taxes and stuff with one truck, he sure is not rich.


A few quick nitpicks - 50% of income earners pay no federal income taxes.  It is incorrect to say they pay no taxes - payroll taxes start on the first dime earned, and state taxes (income, sales, property, etc.) obviously vary by state.

If you eat dinner in a restaurant, do you complain to the manager that it is BY GOD YOUR MONEY and you shouldn't have to pay the full bill?  I assume not, so why is it any different when you're paying for the roads, army, postal service, police services, fire departments, etc. you use every day?

Good luck finding a better place to go if you don't want to be financing health care - the United States has one of the lowest portions of its healthcare system paid for by government funding in the developed world.  Most countries finance 70% to 80% of their healthcare industry through the government; the United States is around 40%.

Taxes are based on income AFTER EXPENSES, so if you make $250k before expenses, you aren't even close to sniffing the top tax bracket.

And you may be surprised, if you think producing more domestic oil will have a big impact on consumer prices (hint: it won't.  We don't produce enough to appreciably move world markets), which party you should want in the White House.  Daily oil production from federal waters in the Gulf of Mexico:

1981: 719,000
1982: 786,000
1983: 876,000
1984: 956,000
1985: 941,000
1986: 960,000
1987: 892,000
1988: 818,000
1989: 764,000
1990: 739,000
1991: 799,000
1992: 822,000

1993: 825,000
1994: 860,000
1995: 943,000
1996: 1,021,000
1997: 1,129,000
1998: 1,228,000
1999: 1,354,000
2000: 1,430,000

2001: 1,536,000
2002: 1,556,000
2003: 1,559,000
2004: 1,453,000
2005: 1,282,000
2006: 1,299,000
2007: 1,277,000
2008: 1,152,000

2009: 1,559,000
2010: 1,640,000





Edwynn -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 12:55:33 AM)




quote:

ORIGINAL: MarkfromHouston


I know most people think that taxing the rich and the big corporations is what is needed to fix the problem,  ...





Some think of it that way, but only because, like yourself, they are unaware of the astronomical amount that never gets collected in the first place due to the infinitude of loopholes, accounting legerdemain, offshore shuffling of domestically earned profits, transfer pricing, on and on. The oil companies have always had a nice assortment of these goodies. Then we get to the handouts, which are not accounted as government expenditure. Tax credits are very often a check sent directly from the Treasury to the company. Tax refunds too. GE just got a pretty nice one in fact. Because they were able to park enough domestically earned profits offshore in a past year to show an 'onshore' accounting "loss,"  then showing a $5.1 billion US profit last year (now that it was safe to do so) they brought the fake loss forward and got a $3.2 billion check from the US Treasury.

http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=2&hp=&adxnnl=1&pagewanted=1&adxnnlx=1302584404-PhW2/S/dNzXKL7PlY+Yixw


"In a regulatory filing just a week before the Japanese disaster put a spotlight on the company’s nuclear reactor business, G.E. reported that its tax burden was 7.4 percent of its American profits, about a third of the average reported by other American multinationals. Even those figures are overstated, because they include taxes that will be paid only if the company brings its overseas profits back to the United States. With those profits still offshore, G.E. is effectively getting money back." (my underline)

"While the financial crisis led G.E. to post a loss in the United States in 2009, regulatory filings show that in the last five years, G.E. has accumulated $26 billion in American profits, and received a net tax benefit from the I.R.S. of $4.1 billion."

Which is in fact to say that GE made $30.1 billion in those five years, $4.1 billion of it, or 13.62% of those profits, directly from taxpayers. Think about that the next time you send your next quarterly payment.

'Nice work if you can get it,' as they say.

Of course that is just the latest most conspicuous example. The problem is however quite pervasive.

http://www.reuters.com/article/2008/08/12/us-usa-taxes-corporations-idUSN1249465620080812


Then there's the personal income no-tax for high earners to consider too:

http://www.taxpolicycenter.org/numbers/displayatab.cfm?Docid=2409&DocTypeID=1


~ 760,000 "Number of tax units with zero or negative liability" with income of $100,000 or above for the year, including over 6,000 with incomes of over $1,000,000 who paid not a penny.


quote:

ORIGINAL: MarkfromHouston

If you want to know how I really feel, let me say it straight out. Stop stealing the money that people earn to give it to your [communist] (huh?) "aid to dependent billionaires" plan. (FYP)  Get a job, feed your family or starve, I do not care which one.


quote:

Call people nit wits, call them stupid, but soon my friend you will have to be weaned from the government teat, that old sow you have been suckling at for so long is running dry.




Actually they are far from stupid, but other than that I could not agree more with the above statements.









SexyBossyBBW -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 1:58:25 AM)

Howard Fineman said something to the effect - higher gas prices are a dagger on President Obama's re-election campaign's heart. I agree that it definitely isn't helping, but there are several other daggers there already. M




domiguy -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 5:21:23 PM)

President Obama is a shoe in for a second term




Real0ne -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 5:23:55 PM)


yeh but we wont get angy since we have all that CHANGE....  LMFAO


I think gas should go to 20 bucks a gallon!!!







Real0ne -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 5:25:26 PM)

quote:

ORIGINAL: SexyBossyBBW

Howard Fineman said something to the effect - higher gas prices are a dagger on President Obama's re-election campaign's heart. I agree that it definitely isn't helping, but there are several other daggers there already. M


nah he promised us change and it did not hit 5 before so he kept his promise!







Sanity -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 5:53:02 PM)


He must have studied Carters reelection plan, the two strategies are eerily identical

quote:

ORIGINAL: SexyBossyBBW

Howard Fineman said something to the effect - higher gas prices are a dagger on President Obama's re-election campaign's heart. I agree that it definitely isn't helping, but there are several other daggers there already. M




domiguy -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 5:59:06 PM)

Obama is a sure thing.

The economy will recover and there will be no clear cut Republican contender.

It's a done deal.




SilverMark -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 5:59:49 PM)

How is it that gas prices,which are determined by supply and demand are somehow now tied to Obama?

I had no idea he controlled sppeculation on the open market, OPEC and the fears brought upon by the unrest in th oil producing countries.

Just curious....




BigSoft -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 6:03:14 PM)

i feel u on your comment




Lucylastic -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 6:07:41 PM)

quote:

ORIGINAL: SilverMark

How is it that gas prices,which are determined by supply and demand are somehow now tied to Obama?

I had no idea he controlled sppeculation on the open market, OPEC and the fears brought upon by the unrest in th oil producing countries.

Just curious....

He controls all the markets, gas prices high in the UK and Canada,
he is all powerful
He is to blame for everything, where have you been!!!
welcome back Mark, :)




Sanity -> RE: Gas prices have spiked! May soon past record highs! $4-$5 gas coming (4/12/2011 6:14:06 PM)


Clearly, Obama and the Dems should have carried through on the "drill here, drill now" strategy begun under Bush.

And dont try to tell me that presidents have nothing to do with the price of gas after the last surge was laid directly at George Bushs feet. This time Obama is blatantly refusing to allow drilling in several domestic locations and he is harming the nation for the special interest groups he is beholden to



quote:

ORIGINAL: SilverMark

How is it that gas prices,which are determined by supply and demand are somehow now tied to Obama?

I had no idea he controlled sppeculation on the open market, OPEC and the fears brought upon by the unrest in th oil producing countries.

Just curious....




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