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Thread: Gas prices!

  1. #51
    Super Member DebsShelties's Avatar
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    I wonder how long it will be before we start seeing don't buy gas from this station or that one, or don't buy gas on such n such day.

  2. #52
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    What does "shutting down straights" mean?

  3. #53
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    Do you remember gas rationing under Pres Nixon? It worked.

  4. #54
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    I wonder how many people think that the oil companies are privately owned companies? They are traded on the stock market, are part of mutual funds, investors in them are in the hundreds of thousands. Those of you who have IRA's for your retirement savings probably own shares in oil companies. You are the owners - not some unidentified rich person. The amount of shares you own determine the amount you earn. Each share owner has the opportunity to attend every meeting and to vote their shares. You can vote with only one share, 10 shares, 100 shares, whatever. You own the company. If you don't like the way the company is being run, you can make your viewpoint heard. You can run for an office in the company. This is the difference in a publicly held company and a private company. All the big companies are publicly held companies.
    Last edited by TanyaL; 02-23-2012 at 08:48 PM.

  5. #55
    Super Member Quiltforme's Avatar
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    Where I live it is already 3.99 a gallon I just paid the most i have ever paid today I guess we will be bussing it for a while.
    To use my gift to it's fullest

  6. #56
    Super Member ptquilts's Avatar
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    Quote Originally Posted by TanyaL View Post
    I wonder how many people think that the oil companies are privately owned companies? They are traded on the stock market, are part of mutual funds, investors in them are in the hundreds of thousands. Those of you who have IRA's for your retirement savings probably own shares in oil companies. You are the owners - not some unidentified rich person. The amount of shares you own determine the amount you earn. Each share owner has the opportunity to attend every meeting and to vote their shares. You can vote with only one share, 10 shares, 100 shares, whatever. You own the company. If you don't like the way the company is being run, you can make your viewpoint heard. You can run for an office in the company. This is the difference in a publicly held company and a private company. All the big companies are publicly held companies.
    well said Tanya!! I think a lot of people forget we live in a free market economy, there is no one around who is going to "spank" the oil companies because they are charging too much. They are a business just like any other business. They can set the prices and the public buys more or less of their product depending on the cost.

    Now I know for most it is a necessity and not a luxury to buy gasoline, but look what happened during the energy "crisis" back in the 70's - all of a sudden small economy cars became very popular. And gas prices went back down.

  7. #57
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    In a free market society the question is not why are some making a profit on Wall Street. The question usually is" Why have you not made a profit on Wall Street?" The opportunity is there for everyone.
    Bigger profits are made with bigger investments, but profits can be made with small investments. Almost all retired people who are living with income from other than SS are living off of Wall Street. Either they have invested personally or the people responsible for their retirement fund have invested. Few have invested entirely in bonds. If they have retirement that is earned from a company, a teacher's fund, a public fund, like a policeman's , etc., their retirement fund is diversedly invested in Wall Street.
    Last edited by TanyaL; 02-24-2012 at 05:24 AM.

  8. #58
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    Quote Originally Posted by TanyaL View Post
    In a free market society the question is not why are some making a profit on Wall Street. The question usually is" Why have you not made a profit on Wall Street?" The opportunity is there for everyone.
    Bigger profits are made with bigger investments, but profits can be made with small investments. Almost all retired people who are living with income from other than SS are living off of Wall Street. Either they have invested personally or the people responsible for their retirement fund have invested. Few have invested entirely in bonds. If they have retirement that is earned from a company, a teacher's fund, a public fund, like a policeman's , etc., their retirement fund is diversedly invested in Wall Street.

    Very well stated!! I was at a meeting where a State Pension Fund Manager was present and he was asked by one of the attendees- "Did you have any Enron stock in the pension fund?"- Of course, YES was the answer. In order to generate a lifetime income, there has to be investments- some with risk and those with less risk- diversity is the way to go. Tanya, I wish more folks were as informed as you are about the way retirement income generation truly works.

  9. #59
    Super Member Melinda in Tulsa's Avatar
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    Quote Originally Posted by jillnjo View Post
    I was just thinking today while taking the dogs to the vet that the amount of SUVs and large vehicles still on the road is kinda surprising, but to purchase a small car for truly good gas milage is very costly, too. I know I could drive less and will be doing that with these kind of predicted prices.
    Alot of reasons you still see large trucks on the road is the bottom $$ line. My truck is paid for, 1999 model F350, the only thing it cost me is insurance. Yes, it costs a fortune to fill it up. But by the time you add a payment for a more economical care, insurance and then STILL have to buy gas...I come out cheaper. Plus my truck will do things that I could not do in a car. BTW...I would never own a car. I want something big enough so that if some fool hits me, I have a chance of survival. Just my 2 worth. So having a payment and a car is NOT always the most economical decision...
    Melinda in Tulsa
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    Love my Babylock Unity, Symphony and Serenade!

  10. #60
    Super Member Melinda in Tulsa's Avatar
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    Quote Originally Posted by ptquilts View Post
    And yet I STILL see people leaving their BIG trucks running while they go into the post office - just saw one the other day. Gas prices are not high enough yet for some people I guess.

    If food prices go up we will cut back to just essentials (not Doritos). We have so much abundance in this country there is a lot that most people could cut from their budget. Cable TV, $100 a month cell phones, etc., shopping for new clothes when you have a closet full....

    When the economy is affected so much that the fat cats who own the big companies see problems with their bottom line, THEN maybe something will be done.
    Barb, when you own a Diesel engine, it is much better to leave it running then constantly starting and stopping the engine. Trust me, it is much more expensive to replace a diesel engine than a gas engine anyday. Believe it or not people, there a a valuable use for large trucks and SUV's. Not every one is a soccer mom and lives in the city. I NEED a (large) truck. I would replace it with an SUV if I could afford to run 2 vehicles. I wouldn't own a car if you gave it to me. For me, it is absolutely useless.

    It is the big oil companies and the stupid WALL STREET speculators who control the gas prices. I wish the government had let wall street fail.

    As long as fuel is high, we will never get out of the recession. Oil effects every aspect of our lives, from the farm, to the store to our wallets. Therein lies the problem....GREED....
    Last edited by Melinda in Tulsa; 02-24-2012 at 08:19 AM.
    Melinda in Tulsa
    Where the wind comes whipping thru the plains and we really DO have Earthquakes!

    Love my Babylock Unity, Symphony and Serenade!

  11. #61
    Super Member Melinda in Tulsa's Avatar
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    Quote Originally Posted by lillybeck View Post
    I have been dealing with only one tank of gas a month for over a year now. The only places I go are church, grocery and doctor. I will not even be able to do that if this keeps up. We are on a fixed income and the jerks in Washington have never had to deal with robbing Peter to pay Paul.
    My husband and I were doing well until things starting getting so high, now between health ins.,car ins.,life ins, and house ins. we can hardly afford medications and my husband is a kidney transplant receipient so he needs his meds for the rest of his life. Oh well God is good all the time.
    I totally understand the one tank a month budget. I do all my running at one time. I never leave the house unless it's for a DR. appt and then on the way home, do all my errands. Sometimes I will go a couple weeks without ever leaving the house. Wonder if that is why I spent the weekend in the hospital with BP thru the roof.
    Melinda in Tulsa
    Where the wind comes whipping thru the plains and we really DO have Earthquakes!

    Love my Babylock Unity, Symphony and Serenade!

  12. #62
    Super Member milikaa1's Avatar
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    Our gas prices hit 4.25 Weds, since we live in a resort town they raise the prices for the weekends, can not wait to see what it is today, when I hear the gas will hit 5.00 a gallon I am sure in my area we will see close to 6.00, just my guess though. My worry is how are people going to drive to work, feed their family while trying to pay their mortgage/rent?

  13. #63
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    I'm to the west of you milikaa1, in the San Gabriel Mtns. near Mtn. High Ski Resort. Prices since Monday are $4.50 for regular. There is only one gas station in my town, but the owner is honest in his pricing. I'm sure he's paying a lot more for his gas deliveries, too. While I try to support local businesses, I usually buy gas when I go "off the hill" to run errands. Even at that, I paid $4.20 last weekend.

    Yesterday I heard an economist explaining how food prices are tied to gas prices. Food will go up as they use petroleum products for fertilizer, tractors, transportation. The bottom line, is if gas goes up 20%, food will be going up 40%.

    I agree with you that being in a resort community will have a big impact on commuting costs. I think we will see that it will have a big affect on the real estate market locally. Who would buy in a town when they have to commute a long distance to work? No demand; prices will fall.
    Last edited by Shoofly1; 02-24-2012 at 11:43 AM.

  14. #64
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    There is so much waste in this country that it is a crying shame. I live in a low income area, so have to watch every nickle & dime. Then with prices going up & up really makes it hard. I do belong to a gleaner group that gathers end crops, that would normally rot in the fields, to help feed many family's. We also get from companies that would dump good products if we didn't go after the stuff. We get a portion for our members & the rest is donated to two food banks, Soup kitchen, senior center, New Hope Farm (a place that houses Downs adults) & any other place that needs help. We never have to buy bread, potatoes, onions, vegges, fruits, chips, eggs & many more odds & ends products. So I do lots of canning & drying foods. We do have to go out & pick the crops, but the gleaners pays the gas for this. We have a $10.00 monthly fee to belong to the group, & that is what pays for the gas for the picks. Everyone has to take their turn working the crops & if you refuse to work after being ask 3 times straight in a row then you are dropped from the group. After all, it is a group effort not just a few doing all the work for everyone else. It would be nice if this was available in all areas.

  15. #65
    Senior Member Ellen's Avatar
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    I got this in an email this afternoon.
    http://www.dickmorris.com/blog/gas-p...v-lunch-alert/
    Ellen......I'm gonna go play now

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  16. #66
    Super Member Sheila_H's Avatar
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    I think Halo your group of people has the right idea I wish we had something like that here!

    With me being at home on disability and down to one income we've changed a lot of our old patterns and habits. We used to eat out a lot that has stopped, we have gone from two vehicles to one, we only go out on Saturday's to do our errands and we don't go all over the city like we used to or just buy everything at one store. I shopped around for better insurance rates for our car & home, got a 20% discount on all of our other household bills, I plan our meals out for the week and make large potions of foods and freeze them all. I bake more now I am getting pretty good at making breads and rolls, in the spring and summer I plant our garden for veggies and herbs.

    I find there are more people now going to the final sale rake in the grocery stores at one point in time you never saw that many people checking those racks out. I buy veggies that I can take home chop up and freeze right away, buy bananas to make bread and muffins with. I don't know what to say about the economy anymore it's all totally out of control. I'd like to think it can't get much worse in our society but I know it can.

  17. #67
    Super Member DebsShelties's Avatar
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    When I go to the grocery store, I always look for the manager special tags that are discount prices as the product is about to expire on shelf life, yet can be frozen etc.
    I have gotten bread for a quarter or less at times doing this.
    Gas going up will mean thrift shopping everywhere.

  18. #68
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    since folks cannot keep their political views out of this conversation, it's time to shut it down.
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