Comments on: $5 a Gallon For Gas; End Of The World, Or Ripe For The Picking? http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/ Teach Your Money To Think! Fri, 10 Feb 2012 18:37:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sherry http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1522 Sherry Mon, 06 Oct 2008 03:32:47 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1522 I don't use gas for my car but fuel. Most cabs in the town are using gas. The fuel charge has gone up and then it comes down a bit. I think its just like my blood pressure going up and down. <em>Sherry's last blog post..<a href='http://iluvcontest.blogspot.com/2008/10/october-25-gas-card-giveaway.html' rel="nofollow">October $25 Gas Card Giveaway</a></em> I don’t use gas for my car but fuel. Most cabs in the town are using gas. The fuel charge has gone up and then it comes down a bit. I think its just like my blood pressure going up and down.

Sherry’s last blog post..October $25 Gas Card Giveaway

]]> By: Neil http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1517 Neil Thu, 03 Jul 2008 21:56:21 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1517 Hi Hank I'm sure it's not the first time you've been told this, but here in the UK our government thinks it's a great idea to tax gas a lot so we now have prices the equivalent of $2.60 for a litre. I'm not sure of the conversion to US gallons, but a UK gallon is $11 or so! My 7-seat family car costs the equivalent of $160 to fill up. It's still the case that if you budget correctly and look at alternatives (I've started cycling part of the way to work) you can manage the increase. Neil Hi Hank

I’m sure it’s not the first time you’ve been told this, but here in the UK our government thinks it’s a great idea to tax gas a lot so we now have prices the equivalent of $2.60 for a litre. I’m not sure of the conversion to US gallons, but a UK gallon is $11 or so! My 7-seat family car costs the equivalent of $160 to fill up.

It’s still the case that if you budget correctly and look at alternatives (I’ve started cycling part of the way to work) you can manage the increase.

Neil

]]> By: FFB http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1512 FFB Mon, 23 Jun 2008 17:01:38 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1512 @ Greener Pastures - Wow, if people are ordering Prius' at full price then they losing out on money. Helping the environment yes. But full price? I have a Corolla and it's been great. Put it on the highway and it gets great mileage! <em>FFB's last blog post..<a href='http://feeds.feedburner.com/~r/FreeFromBroke/~3/318050644/one-hundred-pushups-for-a-healthy-fit-frugal-summer.html' rel="nofollow">One Hundred Pushups For A Healthy Fit Frugal Summer</a></em> @ Greener Pastures – Wow, if people are ordering Prius’ at full price then they losing out on money. Helping the environment yes. But full price? I have a Corolla and it’s been great. Put it on the highway and it gets great mileage!

FFB’s last blog post..One Hundred Pushups For A Healthy Fit Frugal Summer

]]> By: Greener Pastures http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1513 Greener Pastures Mon, 23 Jun 2008 16:57:10 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1513 I just bought a new car, a toyota Corolla. I found out people are ordering Prius at full MSRP 5-6 months out. The Corollas themselves are getting harder to find. So you're right, at least people are starting to think more frugally about gas, and it's not breaking them. <em>Greener Pastures's last blog post..<a href='http://feeds.feedburner.com/~r/GreenerPasturesPersonalFinance/~3/318026212/' rel="nofollow">The Frugal Olympics - Going for the Gold</a></em> I just bought a new car, a toyota Corolla. I found out people are ordering Prius at full MSRP 5-6 months out. The Corollas themselves are getting harder to find.

So you’re right, at least people are starting to think more frugally about gas, and it’s not breaking them.

Greener Pastures’s last blog post..The Frugal Olympics – Going for the Gold

]]> By: Hanks Weekly Hangouts #35 (June 22, 2008) | My Investing Blog http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1516 Hanks Weekly Hangouts #35 (June 22, 2008) | My Investing Blog Sun, 22 Jun 2008 08:18:40 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1516 [...] all figured out and even tossed out a few fancy posts for the week that saw some good ink including $5 a Gallon For Gas; End Of The World, Or Ripe For The Picking, “Summer Savings Series” Tip #8 - Watch Movies And Play Video Games For Free, and even a [...] [...] all figured out and even tossed out a few fancy posts for the week that saw some good ink including $5 a Gallon For Gas; End Of The World, Or Ripe For The Picking, “Summer Savings Series” Tip #8 – Watch Movies And Play Video Games For Free, and even a [...]

]]> By: hank http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1521 hank Sat, 21 Jun 2008 16:31:48 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1521 @FFB - yea, I remember the same thing when they took off - they got a quick start! @Ginger - I hear you on the ethanol too. I have kicked the idea around too, but our closest station is 100 miles away... Not gonna save much going there, ugh. @Pinyo - I hear you. That's why I keep the big 'burb. I need the space myself! I thought you only had 1 kid so far. :) @ Vered - Absolutely agree, we just need to find a way to make "green" profitable. It's not as lucrative as oil right now... @Debt-Free - I never thought of the H3 vs H2 issue, but it makes good sense. H3 is geared toward a less wealthy group. Gas prices at $5 aren't going to hurt someone making millions, nor their car preferences... @FFB – yea, I remember the same thing when they took off – they got a quick start!

@Ginger – I hear you on the ethanol too. I have kicked the idea around too, but our closest station is 100 miles away… Not gonna save much going there, ugh.

@Pinyo – I hear you. That’s why I keep the big ‘burb. I need the space myself! I thought you only had 1 kid so far. :)

@ Vered – Absolutely agree, we just need to find a way to make “green” profitable. It’s not as lucrative as oil right now…

@Debt-Free – I never thought of the H3 vs H2 issue, but it makes good sense. H3 is geared toward a less wealthy group. Gas prices at $5 aren’t going to hurt someone making millions, nor their car preferences…

]]> By: Debt Free http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1520 Debt Free Sat, 21 Jun 2008 05:09:00 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1520 Very nice post! One reason the Hummer H3 is actually down even more in sales than the bigger H2 is because buyers of the H3 are more price sensitive to fuel prices, while those who can afford the $50K+ H2 aren't as affected by fuel prices. Another issue with high fuel prices is that oil is the foundation of our economy in so many more ways than the price of gas for your car. Everything that's transported to market uses some form of motor fuel (except for some places in PA), the majority of roads are made of oil, tires are largely made of oil, and almost all plastics (many parts of you car, TV, refrigerator, computer, iPOD,, etc, etc...) are made of petro-chemicals. Many paints and other finishes are made from petro-chemicals. Not only is diesel used for harvesting food from the farm to the sea, but it's also used in making many fertilizers and other agricultural chemicals. We won't run out of oil for a long, long time, but we may run out of cheap oil. Speculators, rising world demand, and falling dollars are doing their best to ensure this. There has almost always been tension in the middle east, and many markets have already taken this into account, but every time a tanker gets sunk, oil prices will go up as fast as the tanker goes down. The effects of sharply increasing oil prices on our economy in the short term could be devastating, or at least very unsettling. As the price of oil rises, it will give rise to countless new technologies, which in time will become the basis of many new industries. Between then and now however, things may get a bit dicey though. Have a great weekend!! Very nice post! One reason the Hummer H3 is actually down even more in sales than the bigger H2 is because buyers of the H3 are more price sensitive to fuel prices, while those who can afford the $50K+ H2 aren’t as affected by fuel prices.

Another issue with high fuel prices is that oil is the foundation of our economy in so many more ways than the price of gas for your car. Everything that’s transported to market uses some form of motor fuel (except for some places in PA), the majority of roads are made of oil, tires are largely made of oil, and almost all plastics (many parts of you car, TV, refrigerator, computer, iPOD,, etc, etc…) are made of petro-chemicals. Many paints and other finishes are made from petro-chemicals. Not only is diesel used for harvesting food from the farm to the sea, but it’s also used in making many fertilizers and other agricultural chemicals.

We won’t run out of oil for a long, long time, but we may run out of cheap oil. Speculators, rising world demand, and falling dollars are doing their best to ensure this. There has almost always been tension in the middle east, and many markets have already taken this into account, but every time a tanker gets sunk, oil prices will go up as fast as the tanker goes down.

The effects of sharply increasing oil prices on our economy in the short term could be devastating, or at least very unsettling. As the price of oil rises, it will give rise to countless new technologies, which in time will become the basis of many new industries. Between then and now however, things may get a bit dicey though.

Have a great weekend!!

]]> By: Vered http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1515 Vered Fri, 20 Jun 2008 20:30:52 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1515 I think the best thing about gas prices is that it IS finally giving the right push to rely less on gas and more on cleaner sources of energy. Right now it's painful for consumers, but in the long run the entire planet will benefit. <em>Vered's last blog post..<a href='http://momgrind.com/2008/06/20/the-blurry-line-between-online-and-real-life-friendships/' rel="nofollow">The Blurry Line Between Online and Real-Life Relationships</a></em> I think the best thing about gas prices is that it IS finally giving the right push to rely less on gas and more on cleaner sources of energy. Right now it’s painful for consumers, but in the long run the entire planet will benefit.

Vered’s last blog post..The Blurry Line Between Online and Real-Life Relationships

]]> By: Pinyo http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1514 Pinyo Fri, 20 Jun 2008 16:43:28 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1514 That's a cool car. I just need one that seats eight. <em>Pinyo's last blog post..<a href='http://www.moolanomy.com/631/better-health-and-finances-with-100-push-ups/' rel="nofollow">Better Health and Finances With 100 Push Ups</a></em> That’s a cool car. I just need one that seats eight.

Pinyo’s last blog post..Better Health and Finances With 100 Push Ups

]]> By: Ginger http://www.myinvestingblog.com/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1519 Ginger Fri, 20 Jun 2008 15:27:30 +0000 http://myinvestingblog.com/2008/06/20/5-a-gallon-for-gas-end-of-the-world-or-ripe-for-the-picking/#comment-1519 I don't think as car owners we push our government hard enough to seek other alternatives. We don't push Detroit hard enough either. I drive an '07 Tahoe Hybrid. To get E-85 fuel, I'd have to drive 50 miles round trip to get it. Murphy Oil (aka Walmart gas) is now 10% ethanol. Like you, it is $100 to fuel my SUV. I drive very little so it sits parked 90% of the time. When we need it, we pay through the nose. Last month with 3 long trips and the driving while we were at our destination, our fuel bill for the Tahoe was $750. I couldn't have gotten all of the wedding supplies to the wedding without the Tahoe. I'd have been packing and mailing for days to just get it there. I'm figuring it was about as cheap to pay for the gas. After all is said and done, I pretty much wish I had gotten a much smaller car and just rented something for the trips. I'd be saving on gas, insurance, payments and maintenance. <em>Ginger's last blog post..<a href='http://feeds.feedburner.com/~r/CouponsRebatesAndRefunds/~3/316264734/rapidbath-pet-bathing-system.html' rel="nofollow">RapidBath Pet Bathing System</a></em> I don’t think as car owners we push our government hard enough to seek other alternatives. We don’t push Detroit hard enough either. I drive an ’07 Tahoe Hybrid. To get E-85 fuel, I’d have to drive 50 miles round trip to get it. Murphy Oil (aka Walmart gas) is now 10% ethanol.

Like you, it is $100 to fuel my SUV. I drive very little so it sits parked 90% of the time. When we need it, we pay through the nose. Last month with 3 long trips and the driving while we were at our destination, our fuel bill for the Tahoe was $750. I couldn’t have gotten all of the wedding supplies to the wedding without the Tahoe. I’d have been packing and mailing for days to just get it there. I’m figuring it was about as cheap to pay for the gas.

After all is said and done, I pretty much wish I had gotten a much smaller car and just rented something for the trips. I’d be saving on gas, insurance, payments and maintenance.

Ginger’s last blog post..RapidBath Pet Bathing System

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