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Old 06-27-2008, 04:17 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,403,590 times
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Quote:
Originally Posted by evilnewbie View Post
10 million cars go off the road if it hits $7... Damn, I hope it hits $7 then... thats a good thing....
How old are you? If you actually depended on this economy to make your living, you would NOT hope for $7. Gas prices effect everything, not just how much you pay at the pump. $7 gas would mean a 40% increase in food costs alone, providing the trucking business didn't collapse. I don't think $7 is in oil companies' best interest either, as massive demand destruction will occur by that point. We are NOT Europe. 90% of Americans depend on their cars for their daily lives. Outside of New York, Chicago, and maybe Boston (though thats pushing it), that is probably closer to 99.5%.
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Old 06-27-2008, 04:33 PM
 
Location: America
6,987 posts, read 15,766,746 times
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Quote:
Originally Posted by bchris02 View Post
How old are you? If you actually depended on this economy to make your living, you would NOT hope for $7. Gas prices effect everything, not just how much you pay at the pump. $7 gas would mean a 40% increase in food costs alone, providing the trucking business didn't collapse. I don't think $7 is in oil companies' best interest either, as massive demand destruction will occur by that point. We are NOT Europe. 90% of Americans depend on their cars for their daily lives. Outside of New York, Chicago, and maybe Boston (though thats pushing it), that is probably closer to 99.5%.
even in those cities mass transit would be pushed to its limits.
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