Gas Price Watch

Discussion in 'The OT' started by Doug Brott, Dec 4, 2008.

  1. Herdfan

    Herdfan Well-Known Member

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    Teays...
    The risk of deflation. Energy prices are a big component of the CPI. As they fall, so does the CPI. Take for example for 2016 there was no COLA for Social Security. So seniors had less money to spend. So while the $20-50 per month for an individual is not much, collectively it is a lot. Then as a society, once we think things are going south, we quit spending further sending us into recession territory.

    And this happens because information is not perfect. To those in my state with coal prices falling, even those who don't directly or indirectly rely on coal for a living might be tempted to save a bit more and spend less even though they are not directly affected. Then it all just tumbles downhill from there.
     
  2. Beerstalker

    Beerstalker Hall Of Fame

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    I was replying to a comment that said to buy a diesel vehicle to fight back about agribusiness pushing legislature to make 10% ethanol fuel widespread. I was saying that switching to diesel won't help because the same agribusiness people have now pushed bio-diesel to the point where it is difficult to find diesel fuel that doesn't contain 5-10% bio-diesel.

    As far as diesel being more expensive as a fuel, yeah it is now, but historically it wasn't (and in most other countries it still isn't). There are various excuses as to why it is more expensive now, but I won't get into them here.
     
  3. camo

    camo Godfather

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    This is great I saved $12 on a tank fill up today but lost $$$$$$$$$$ on my 401K.
     
  4. WestDC

    WestDC Well-Known Member

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    And paid much more for health care
     
  5. yosoyellobo

    yosoyellobo Icon

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    Jacksonville Fl
    $1.64 at Jacksonville 103th across WALMART.
     
  6. AntAltMike

    AntAltMike Hall Of Fame

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    The good news is, with my Toyota Corolla back up to 35 MPG and gas at typically $1.80/gal., I could now drive from Washington DC to Los Angeles California for about $140. The bad news is, I don't have any reason to do so.
     
  7. SeaBeagle

    SeaBeagle Legend

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    Health care turned out to be a scam. If I signed up for Obama Scare that would cost me about 320 a month. Affordable. Yea right.


    Sent from my iPad 4 128GB using DBSTalk mobile application.
     
  8. trh

    trh This Space for Sale

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    NE FL
    Maybe not LA, but Yosemite would be a good reason.
     
  9. inkahauts

    inkahauts Well-Known Member

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    And the penalties for not have big insurance are now through the roof. Don't get me started. In paying three times the rate I was and in Los Angeles gas isn't that cheap.
     
  10. inkahauts

    inkahauts Well-Known Member

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    All the national parks on the trip across the country. It's a great idea for everyone.
     
  11. SeaBeagle

    SeaBeagle Legend

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    Socialism.


    Sent from my iPad 4 128GB using DBSTalk mobile application.
     
    1 person likes this.
  12. camo

    camo Godfather

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    Your one of the lucky ones at 320 a month. I have a daughter in Houston paying 600 month and makes 55K a year with tips as a dog groomer. Its not affordable at all.
     
  13. dmspen

    dmspen Hall Of Fame

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    Near my house, in Campbell Ca, gas is $2.43. Have not seen it lower than $2.39.
     
  14. AntAltMike

    AntAltMike Hall Of Fame

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    I sure wish I was a dog groomer making $55K a year with tips while being forced to pay $7,200 a year for insurance.
     
  15. dettxw

    dettxw MRVing

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    Choctaw, OK
    $1.29 for the ethanol adulterated gas at the Shell station at Air Depot Blvd & SE 29th St. in Midwest City (and various other locations).

    I'll fill up on the way home from work today but I expect to pay more like $1.40 for pure gas at an OnCue Express.
     
  16. camo

    camo Godfather

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    Do you wish for the 3 teenagers also?
     
  17. SeaBeagle

    SeaBeagle Legend

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    Why did her get such an expensive insurance plan?


    Sent from my iPad 4 128GB using DBSTalk mobile application.
     
  18. AntAltMike

    AntAltMike Hall Of Fame

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    $600 a month for a family of how many, five?
     
  19. jimmie57

    jimmie57 Hall Of Fame

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    Texas City, TX
    $1.49 a gallon at the local Chevron and Shell stations.
    Oil popped up 9% Friday in the market and I expect gasoline will follow it up.
     
  20. longrider

    longrider Well-Known Member DBSTalk Club

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    Elizabeth, CO
    And now oil is back down 5%. I am not even trying to forecast where it will go and am just enjoying low prices while I can
     

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