4 replies to this topic

[nimblebear]

http://news.yahoo.co...3963914949bfdcd

That was last week.

$5 is coming. Just think, early this year we were around $2.60 a gallon. Now we are talking a doubling of prices in less than a year. Really, there is no inflation. Just look at core CPI. Remember this is the best measure because it excludes food and energy. When was the last time you went a week without food and energy ?

Edited by nimblebear, 15 May 2007 - 09:50 PM.

[spielchekr]

I guarantee you there is no one who can go an entire week without gas.

[nimblebear]

Even though its $4.33 a gallon in San Fran, consumers remained unfazed...

http://news.yahoo.co...CJmpLLG.Ndv24cA

What's interesting is how little people pay attention to all of the cost of goods. We need oil to transport each item along the way, raw goods, partially finished goods, assembled goods, etc. Plus all of the goods that are packaged in plastic, which is made from petroleum. Plus all of the plastics in just about everything from cars to computers to TV's.

The cost increase of buying gas at the pump for your car is miniscule compared to the added cost of goods. It will come out of your paycheck multiple ways. Goods, transporting, employers cutting back on pay increases, especially small businesses which make up over 50% of the nations employment, and then large corporations who will outsource even more to other companies.

The price of oil is only $63/bbl. Yet fuel prices are $4.30/gallon in some places, when compared to post Katrina, most topped out at $3.50 a gallon with oil at $70/bbl.

and yet demand has increased over 2.1% from last year.

People will start to be stunned when we consistently stay above $5 a gallon, and the price of oil per barrel will likely still be below $75/bbl. america is finally starting to pay what the Europeans have been forking over for years. Yet they use more mass transportation, bikes, and smaller cars than we ever will. People here will keep their SUV's, and just complain. They will stay convinced they "need" their SUVS, minivans, and pick 'em up trucks. Go figure !

Edited by nimblebear, 15 May 2007 - 10:09 PM.

[vitaminm]

Some people say they will go without milk and buy gas.




$GASO vs USO ?

http://stockcharts.com/h-sc/ui?s=$GAS...id=p48027857557

Edited by vitaminm, 15 May 2007 - 10:14 PM.

[Trend-Shifter]

Some people say they will go without milk and buy gas.




$GASO vs USO ?

http://stockcharts.com/h-sc/ui?s=$GAS...id=p48027857557

The real price Link:
http://www.blogsmith...standard_35.jpg