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Old 07-19-2008, 12:34 PM
 
Location: Raleigh, NC
9,043 posts, read 11,819,047 times
Reputation: 1394

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Quote:
Originally Posted by rickers View Post
The price for crude oil is coming back down or hasn't anyone noticed. It's an election year for heavens sake and the fear mongers are in prime form. I think fuel prices are stabilizing after that painful and rapid spike. I don't think they will ever go back down to the levels of the past few years but I also doubt if we will see the $8.00 or $12.00 per gallon prices that the fear mongers are predicting. We will see a bit of general price inflation but the prices will settle and we will absorb them. Unless something really bad happens life will just go on, and we all will still complain !
Crude oil and gas are so utterly dirt cheap that they are practically giving it away. While I was in Hungary visiting relatives, I noticed that gas is 8.50 a gallon and my folks commute by car every single day. Granted the commute is shorter and SUVs/pickups are in limited supply due to the gas prices, but the cost of gas is over 30% of the family budget, much higher than our relatively cheap 7%.

We have a long way to go before we earn the right to complain about high gas prices.
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Old 07-19-2008, 01:25 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,397,549 times
Reputation: 4544
Quote:
Originally Posted by ViewFromThePeak View Post
Crude oil and gas are so utterly dirt cheap that they are practically giving it away. While I was in Hungary visiting relatives, I noticed that gas is 8.50 a gallon and my folks commute by car every single day. Granted the commute is shorter and SUVs/pickups are in limited supply due to the gas prices, but the cost of gas is over 30% of the family budget, much higher than our relatively cheap 7%.

We have a long way to go before we earn the right to complain about high gas prices.
People live more locally in Europe. There isn't any comparison. If your European family commuted 70 miles per day in a Tahoe as is the norm here in America, then you could make some comparisons.
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Old 07-19-2008, 02:14 PM
 
Location: Raleigh, NC
9,043 posts, read 11,819,047 times
Reputation: 1394
Quote:
Originally Posted by bchris02 View Post
People live more locally in Europe. There isn't any comparison. If your European family commuted 70 miles per day in a Tahoe as is the norm here in America, then you could make some comparisons.
I've heard this "live more locally" nonsense over and over again. The commute difference isn't as significant as some would think. These particular people drive about 40-50 miles each day. They just travel less for vacations. Unemployment is over 8%, gas is 8.50 and the streets in the towns are packed with traffic.

Many people over there own smaller and less expensive vehicles. The same situation will be replicated over here. It is inevitable. The US will adjust, and not because it wants to replicate a socialist "paradise". It will only adjust out of economic necessity.
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