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Old 12-28-2007, 02:17 AM
 
Location: The 12th State
22,974 posts, read 65,338,908 times
Reputation: 15075

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In 2002 gas was averaging around $1.20 and peak around $1.40 in the summer of that year.

Every item that has to be sent somewhere else the price will go up even more to offset the fuel costs.
I think ethanol is a very bad idea since corn as well is sold as a commodity on the trading market. Everything that uses corn and it by products prices have double in their value.

I currently pay $2.03 in 93 octane gas to fill up and I get 80 miles a gallon

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Old 12-28-2007, 03:18 AM
 
9,725 posts, read 15,129,090 times
Reputation: 3346
That's a sweet looking little bike.

I've seen a company selling little cars that look similar to golf carts except they are entirely closed in. They run on electric and are only for use around town. Those might become big sellers in areas that don't have much public transit.
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Old 12-28-2007, 06:18 AM
 
19,198 posts, read 31,406,452 times
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These will not sufficiently stroke the egos of the testosterone-driven macho men. And ego-stroking is far more important than fuel-efficiency to a macho man...
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Old 12-28-2007, 09:33 AM
 
Location: The Rock!
2,370 posts, read 7,741,223 times
Reputation: 849
Glad I now live within a few miles of work!!!
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Old 12-28-2007, 09:40 AM
 
Location: Cold Frozen North
1,928 posts, read 5,154,535 times
Reputation: 1306
Quote:
Originally Posted by UB50 View Post
I was just reading the comments on this same story in another newspaper. I forgot that gas was under $1 in 1998. Someone mentioned paying $.88 a gallon back in 1998. How could prices have gone up so drastically when we have the "oil" president in charge??!!
Because it's all about money and how to separate you from yours. I'm amazed that whenever they talk shortages and the price goes up, no more shortages. I know that might be the free market at work, but demand doesn't hardly drop even with a massive price increase. That makes me suspicious.

For myself, I work from home 1 day per week now. Maybe I'll increase that to 2 if prices go to insane levels. Otherwise, I still have to drive even if gasoline goes to $8 per gallon. I'll have to cutback on other things. I will however have a problem with oil companies if all these extra profits only go to the CEO and senior management. I would expect massively more efforts into exploration, drilling and refinery bulding.
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Old 12-28-2007, 09:44 AM
j33
 
4,626 posts, read 14,056,054 times
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I realize that the price of gas affects more than just filling up at the pump, but my decision not to replace my car four years ago when it was totaled was one of the best financial decisions I've ever made. Thankfully I live somewhere where that is an option, I wish it were an option in more than just a small handful of cities in the US.
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Old 12-28-2007, 09:45 AM
 
6,762 posts, read 11,603,761 times
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Quote:
Originally Posted by saganista View Post
These will not sufficiently stroke the egos of the testosterone-driven macho men. And ego-stroking is far more important than fuel-efficiency to a macho man...
What about the macho women who prefer to cart the kids around in an SUV because of safety ratings and storage capacity? Will they start riding the mopeds?
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Old 12-28-2007, 09:55 AM
 
Location: Washington DC
626 posts, read 991,104 times
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Quote:
Originally Posted by tnbound2day View Post
What about the macho women who prefer to cart the kids around in an SUV because of safety ratings and storage capacity? Will they start riding the mopeds?
There's a huge difference between a CRV and an Expedition. I don't mind seeing the small SUVs. I'm actually considering getting one, myself (for the reasons you mentioned). You'll never see me in a Hummer/Expedition/etc.

We'll be fine, regardless of the price of gasoline. As they say, necessity is the mother of innovation.
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Old 12-28-2007, 10:28 AM
 
Location: Heartland Florida
9,324 posts, read 26,683,109 times
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It's the fault of the Federal Reserve. The price increases in petroleum accurately represent our 10%+ yearly inflation rate.
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Old 12-28-2007, 10:28 AM
 
Location: The Rock!
2,370 posts, read 7,741,223 times
Reputation: 849
Quote:
Originally Posted by HighPlainsDrifter73 View Post
Because it's all about money and how to separate you from yours. I'm amazed that whenever they talk shortages and the price goes up, no more shortages. I know that might be the free market at work, but demand doesn't hardly drop even with a massive price increase. That makes me suspicious.

For myself, I work from home 1 day per week now. Maybe I'll increase that to 2 if prices go to insane levels. Otherwise, I still have to drive even if gasoline goes to $8 per gallon. I'll have to cutback on other things. I will however have a problem with oil companies if all these extra profits only go to the CEO and senior management. I would expect massively more efforts into exploration, drilling and refinery bulding.
I've totally come to realize that the free market laws of supply and demand do NOT apply to gasoline! If I could remember back to my Econ classes, there's a word for a good like this which is in demand no matter what the price is, inelastic good, is that it???

Anyway, I DO think that demand will slowly slack as the price increases as more and more people like myself make the decision to relocate to an area where I can actually walk to work or ride that moped if I wanted one. I totally expect over the next 25-30years the population of the larger cities and their suburbs currently considered crime infested husks to deplete to historic lows as people flee to other "safer" cities with lower costs of living where they can purchase a home or condo right next to work.

Only then will we begin to see demand drop off and gas become more a free market good. If we want to continue the lives we have right now, we will need to have the government step in and regulate the price until the Hubbert foretold extraction price to energy value ratio gets upside down. Then our culture just folds up on itself because there is no longer any economically viable means to produce more gas. We NEED these horrible spikes in gas prices to help us get to a more sustainable culture. And that includes a lot more than new light bulbs, higher fuel efficiency, and smaller cars, it requires a fundamental rethinking in how we as Americans live, work, and play.
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