Gas at $5

[kcal09]

I remember a few years ago when gas was approaching $5, there were vocal complaints from the public.

Now gas is approaching $5 again, I don’t hear as many complaints. I am a little surprised by this. What explains this change in attitude? What would be a new breaking point for middle class Americans ? $6/gallon

Your thoughts ?

[Coronita]

people’s gotten use to it…

[kev374]

people are just way too rich in Southern California, I laugh because they buy half a million dollar homes but then whine about $5 gas…strange!

[bearishgurl]

delete

[Coronita]

Well i just filled up my X5 this morning….

91 octane @ $4.46/gal *19.4 gals… = $87…
Whoohoooo.

Just wait until I fill up the other car.That’s a V8… 🙂

[(former)FormerSanDiegan]

Hadn;t noticed the gas price thing.
Thanks Nissan Leaf

[briansd1]

[quote=FormerSanDiegan]Hadn;t noticed the gas price thing.
Thanks Nissan Leaf[/quote]

I just read that $5 gas can help the economy by spurring purchases of new full efficient cars.

The recession caused people to delay new car purchases and the replacement cycle is coming up.

Plus the Dow at 13,000 makes people feel better.

[Coronita]

[quote=briansd1][quote=FormerSanDiegan]Hadn;t noticed the gas price thing.
Thanks Nissan Leaf[/quote]

I just read that $5 gas can help the economy by spurring purchases of new full efficient cars.

The recession caused people to delay new car purchases and the replacement cycle is coming up.

Plus the Dow at 13,000 makes people feel better.[/quote]

The dow thing does help imho…(Not for long though)

[The-Shoveler]

I think Brian has a point, the average car in America is now over 10 years old (a record),
And yes I myself have been waiting for a sub 20K car that gets 50+ MPG .

Now there’s the real story, anyone listening ?
There’s the new Msft , APPL .

Oh for you exberb-Phobic’s I was just reading on this, leaving out the drive time factors etc…
assuming you could get 25 miles a gallon, and assume you could save 200K, 50 miles is still finically better than 5 miles -200K. (it’s like a little over 1.5K per year difference in gas).

[sdrealtor]

Did someone just say Occupy Wall Street? They must be in stealth mode preparing for their IPO. FLU nailed that one. Stock market up…OWS??????

[poorgradstudent]

[quote=Nor-LA-SD-GUY2] Oh for you exberb-Phobic’s I was just reading on this, leaving out the drive time factors etc…
assuming you could get 25 miles a gallon, and assume you could save 200K, 50 miles is still finically better than 5 miles -200K. (it’s like a little over 1.5K per year difference in gas).[/quote]
Assuming your time is worthless, which is a huge assumption. There actually was a study not too long ago that showed shorter commutes are better both for one’s physical and mental health.

Responding to the Original Post, we’re still a ways off from the record high of $4.64 a gallon on June 13, 2008. Gas prices have only really held above $4 lately (The average I saw online today was $4.18 for regular). It’s also pretty easy to point to a cause: Iran, and to a lesser extent, Syria. Prices are certainly high for February and have gone up a lot. I’m expecting prices to drop a bit soon as increasing prices cause demand to dip a little. Don’t get me wrong, prices are still quite high, but again, not at the levels they were the last time there were serious complaints.

[Coronita]

If you bought a share of Valero at the beginning of the year like desmond, it would have cost you $20/share.
Today it is $24-$25/share….So you figure you already made up for the gas price.

Of course, I’m starting to think the market is overheated. That’s why I’m starting to get out….

[sdduuuude]

[quote=FormerSanDiegan]Hadn;t noticed the gas price thing.
Thanks Nissan Leaf[/quote]

I hadn’t noticed it either.

Thanks, Clairemont, for being so close to everything.

[briansd1]

I hate driving and running errands from store to store and wasting gas at the same time.

Today I bought a dog frisbee on Amazon. $7 and I didn’t have to go out and get it. I also bought virgin unrefined coconut oil on vitaminshoppe.com. Cheaper than driving to Whole Foods.

[Rich Toscano]

[quote=sdduuuude]
Thanks, Clairemont, for being so close to everything.[/quote]

Haha, I think I’ve filled my (10 gallon) gas tank once since moving here… quite a shock coming from Cardiff.

[quote=briansd1]
I just read that $5 gas can help the economy by spurring purchases of new full efficient cars.
[/quote]

I’m sorry, that’s a horrible theory… perhaps one area of the economy will be spurred in the way the article suggests, but that is offset many times over by the overall reduction in discretionary income that is caused by an increase in gas prices. (It would be different if the oil were produced domestically, but it ain’t).

[Author]

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