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Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,574 posts, read 81,167,557 times
Reputation: 57803
Still a bargain compared to the increases in Home prices, rent, property taxes, new cars, and many other costs. My first new vehicle in 1973 was $2,500, first house in 1978 was $50,000. My newest vehicle in 2017 was $35,000, that same house is now valued at $700,000. Gas back then was $0.59, now only 5 times as high. The car and house are about 15 times higher.
Gas will rise more or less permanently, beginning in the very near future. Anyone who's not planning for that is going to face severe economic consequences. That group will begin with families who have only low-MPG vehicles that will drive commute and necessity driving costs through the roof, and lose most of their resale value in a matter of months (probably going upside-down on the financing, to boot).
It's happened two or three times already but gas cycled back to "absurdly cheap." It may do so another time or two. But this post will still be up when it doesn't.
Gas will rise more or less permanently, beginning in the very near future. Anyone who's not planning for that is going to face severe economic consequences. That group will begin with families who have only low-MPG vehicles that will drive commute and necessity driving costs through the roof, and lose most of their resale value in a matter of months (probably going upside-down on the financing, to boot).
It's happened two or three times already but gas cycled back to "absurdly cheap." It may do so another time or two. But this post will still be up when it doesn't.
This is nothing but a guess as there’s no way to know this. It hasn’t been the case historically
Still a bargain compared to the increases in Home prices, rent, property taxes, new cars, and many other costs. My first new vehicle in 1973 was $2,500, first house in 1978 was $50,000. My newest vehicle in 2017 was $35,000, that same house is now valued at $700,000. Gas back then was $0.59, now only 5 times as high. The car and house are about 15 times higher.
Milk around here cost more and that comes from a cow upstate. Oil comes from some of the most inhospitable places on the planet and gets shipped ,processed and handled over and over . It is a steal at the price
I drive as little as possible, cringing each time I get gas.
Aren't gas-prices supposed to come-down after the summer fuel-blend is rejiggered for winter?
Why do you cringe? Gas is relatively cheap Do you not have contingencies in your monthly budget for these types of increases?
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