Gas expected to peak at $3.60 a gallon
 

The price of regular gas is already about $.10 more than that here in Sacramento, CA. And premium is right up around $4.00 a gallon.

I don't care if gas is $5 a gallon i barely use my car..

As much as I hate paying more, this could make a few people reconsider their vehicle choices or the way they drive. On the down side I'm expecting emails telling me not to buy gas on Tuesday and forward this to everyone I know.

What if milk for your children is $5 a gallon?

got no kids and I don't drink milk; Lucky me

Still, certainly, others do. And they have businesses. Their costs and needs for their personal expenses get passed down the chain.

it's breeders and their children that are causing this strain on all resources

Prices can't always just be raised,unless the market supports it.If a business uses fuel they can also find a way to save fuel.Consumers can always choose to buy less,buy elsewhere or not buy at all.

True, but business needs profit. If one sells at a loss, you're not going to make up for every loss with volume.

As producers of a product begin to cut back production, and demand remains, prices will go up.

Milk, gasoline. If you don't have to have it, if your family doesn't need it, if your customers and clients don't need it...great, they will continue to have incomes to pay taxes, that increase, and other items that hopefully you supply directly or indirectly through work.

Still, $5 a gallon would wake a lot of people up and force us to move in the right direction. So far people have resisted any change;finding fault in every idea; new fuels, higher mileage vehicles,drilling in Alaska, etc. No shortage of finger pointing at Government and oil companies. I do hear people complain about gas prices,but still unwilling to hear anything that takes any effort on their part.It affects me much less than those currently wasting so much and making jokes about small cars or anyone that tries to save gas,so I'm not going to cry over the rising prices.I'd rather continue to find ways to save more.

DITTO

I don't have kids but I single handedly go through a gallon of milk every 5-6 days. $5 a gallon would probably make me drink less of it.

just buy a cow, at 5$ it would be cheaper

Dairy should be removed from the food pyramid

here we go again...

the view that gas prices MUST increase so that usage will decrease is at the very least short sighted.

in case it's not clear to those other than SD26, pay attention:

1)some of us have reduced our consumption already(on fuel and beyond), and many are at the breaking point financially. can you say "massive increase in gov't assistance for the populous?" maybe that's what YOU want, not me.

2)some will NOT change vehicles or driving habits(and lifestyle for that matter) regardless of price. the rich continue to consume and many of the poor/middle class will just go further into debt, ignoring the problem.

3)fuel is one of those products that affects EVERYTHING. if you are a regular consumer of goods and services, then you know that prices of almost everything(food, utilities, cars, hookers, you name it) have increased dramatically which is directly related to fuel prices.

4)other countries are going to continue to increase their consumption, so we might as well get used to it and adjust accordingly. other countries ARE drilling off our coasts, so we might as well too. also, we need new and refurbished refineries.

5)TAXES!...don't get me started. realizing that the price of gas is cheap in regards to the real cost, let's eliminate gas tax altogether!!! let's raise taxes on tobacco, alcohol(sorry clencher), junk food and like products. what about the fair tax? what about asking the gov't to spend like responsible(successful) companies and individuals?

6)it makes me sick that those like my family are being punished...
a)those w/out homeowners insurance get help in a natural disaster
b)those that made a bad choice(price)in their mortgage get bailed out by the gov't
c)those that have debt, get a reduction on interest rates
d)those that are irresponsible in consumer products, create higher prices for the rest
e)those that overconsume healthcare(including illegals) are raising premiums not to mention related gov't costs(more taxes).

these issues(gas being perhaps the most significant outside of gov't spending), are a huge part of the stink in our economy. ENOUGH is ENOUGH.

hey, i'm all for eliminating pollution. but until there's an electric car for less than $5000, the vast majority of us are stuck with gas hogs.

BTW, there needs to be worldwide pollution reducing legislation to pave the way for global fair market. BUT, i am NOT advocating a one world gov't.

Imagine how it would be if your parents thought like that! :D

Great post!

I bought a different vehicle that uses half as much fuel compared to my other one to do the same work. The EPA, in their government based ridiculousness, changes fuel and develops further subsidies that lines the pocket of some groups, increases my taxes, reduces my fuel economy, and further develops new taxes to pay for the subsidies that they have developed that decrease fuel mileage...

My wife now works from home where she doesn't have to drive to work very often at all. I use CFL's in places where I think they will save me money on my electric bill. Yet, taxes have continued to rise to meet the costs that I have attempted to reduce and conserve.

I heard the report that drivers in California have followed the call of legislators to be more fuel efficient in their vehicle buying habits and driving. So, consumption is down. As a result, government revenue is down. So, they are seriously considering more taxation on their fuels.

Government intervention is a giant problem that is getting more and more out of control.

LOL..that's good

Not after minimum wage, employer contributions, property taxes...LOL!

Check your subdivision by laws too.

They stopped at two, just like the sensible math says :D

Canada, which supplies about 10% of US oil and gas is at about $4.30 for regular at most Canadian pumps. Even if gasoline gets to $4.00 the US will still be running cheaper than most countries.

.

Listen out for signs that we're really in trouble...

Like when the paparazzi catch Paris Hilton stumbling out of the washroom in this weeks hot nightclub reeking of the gasoline she's been huffing... and it's replaced cocaine as the ego drug of the conspicuous consumption classes... won't be long now...

Scroll to the bottom of this page to see what some other countries are paying in US$'s/USgalons today;

https://www.eia.doe.gov/emeu/international/gas1.html

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Comparing US gas prices to many other country's gas prices is grossly unfair to the US, given the amount of public transportation in smaller countries or those with big cities compared to US which is mostly spread out and lacks P.T.

Gasoline in other countries usually have a high precentage of tax on it which paves the roads etc whereas in this country paves the pockets of the oil companies . . . that said.

I watched (finally) "Who Killed the Electric Car" DVD as my first Netflix choice having joined this week on a gift certificate I got from Christmas. Wow talk about a lot of dumb people out there driving cars (sorry you folks in CA) and a lot of oil company pressure to squash the electric car production. THey started out with using defective Lead batteries from AC Delco (50 mile range) then switched to NiMh (120mile range) but had they used LiIon which was very pricy back then (yeah 2003) the car would have had 300 mile range. Seems the Car companies spend an awful lot on advertizing every year . . . more than it took to develop the EV1. As far as the lack of demand the sales people found 4000 people that wanted one and then GM sits them down and talked most of them (only 50 got them) out of getting one by bad mouthing the product with all its limitations. The guy that serviced them said all he did was rotate tires and add washer fluid - his hands stayed clean.

???

Sorry, remembering Jimmy Hoffa I didn't in any way mean to post something that seems unfair to the US use of inexpensive fuel to subsidize the teamsters and autoworkers unions nor the additional US consumers who benefit therefrom.

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Consider how dairy products have been used historically. Although they seem to currently be viewed simply as a calcium supplement, historically, they were used as a protein source like meat. In light of this fact, and in light of the fact that dairy products contain decent amounts of HIGHLY bioavailable and nutritionally complete protein, I tend to look at dairy products as more a part of the 'meat/poultry/fish/beans/nuts' group than a food group of its own. Because of this, and because of the fact that people can live just fine without dairy, I look at consumption of dairy products as optional (rather than mandatory).

Dairy has only been a part of the human diet as long as we have domesticated animals. Hasn't been that long, so our bodies haven't had much time to adapt to the addition of dairy. We lived for thousands of years without it. It's not NEEDED.

Similarly for government welfare programs too.

That said...

Taxes are high in other countries because they are socialist welfare states that force their citizens in to paying substantial taxes to subsidize, well, pretty much everything.


I have mutual funds. Mutual funds own portions of oil companies, foreign and domestic. That's good business in addition to good personal finance.

In the periods that oil companies have made profits, the taxes that US governments have levied on the companies personal profits, andmy mine as an owner of mutual funds and at times individual stocks, have exceeded the profits.

Governments are not good investments. They are wasteful, inefficient, and lack honest accountability.

I pay $6.85/gallon and I have not seen anyone here (Finland) drive less because of the gas price so you have a long way to go in the US before gas price actually reduces driving.

Of cource the high gas price do tend to make people select smaller and more fuel efficient cars.

And it might limit the distance I will move away from where I work, the cost of going to work is a big consideration when searching for a place to live.

Still at $6.85 the cost of lost working time sitting in the car is higher than the cost of the fuel so going slow is not really profitable even if it's good for the enviroment.

(I still go slow as I like the competetive part of trying to get the best milage out of my car and I like to give the enviroment a helping hand where possible)

Simon

no way! cheese is awesome!!:thumbup:

anyway i think higher gas prices are good as long as they do effectively force efficiencies on the consumer.

i mean ideally you would want the price to jack up, consumers get wise, prices plateau(or better: drop), then the economy stabilized.

as a culture we still consume so much gas. look at european highways? how many 3mpg mac trucks do you see on their roads?

if we (as a culture) could learn to adapt we would be fine and our economy wouldnt be headed toward such a hole.

my local newspaper listed a national(US) survey asking what is the greatest concern in our economy. the highest response(30%) was fuel prices.

now think for a moment about "responsible" people of the lower and middle classes of income earners...

my thought is towards the ones that either have no car payment(s) or a very low used car loan. also consider those that do not have mass transit as an alternative.

certainly THOSE are the ones that have a fuel bill as their greatest payment other than mortgage/rent and food. and there is talk that significantly raising fuel prices MUST happen? it seems as tho "mother earth" is more important than "fellow brothers and sisters."

no doubt we are consuming too much of fossil fuels creating massive pollution, but until we have an affordable replacement, this is what we do to function. there is no justification in punishing all(even tho the greatest earners are not really affected) for the sin of some!(many?)

when things were tough, i used to purchase $500 and similarly priced vehicles to get by. now, someone that can only afford this price range is going to pay THAT purchase price several times over in gas? NO WAY!

i do not know what the payment of new car is. i do know that an inefficient car that is paid for leaves an individual in a better financial state. it is my experience that larger vehicles are easier to find in better shape and for a better price especially with older sellers.

there are better ways to influence people to make smarter consumer choices be it what to purchase, how to consume(drive), or when(how often) to use.
raising taxes is not entirely effective nor is it fair!

There's nothing wrong with consuming dairy products. Non-fat dairy products in particular are VERY healthful foods. Rather, my point is that there is nothing about dairy products that justifies them being put in their own food group, whose consumption is absolutely mandatory. As I said, dairy products are really a meat alternative more than anything else.

bro, i dont really have an opinion. i was just trying to start my post on a lighter note :)

I'm totally in favor of " a lighter note" and don't really care how much dairy people consume; cows need jobs too. I just don't think it's good for me and causes sour body odor,so I don't.
On the oil thing; I'm not that concerned about the environment,but more where this oil is coming from and the lack of control we have over it.Not trying to conserve oil or replace it with something else only hurts the guy just trying to get by. Increase demand raises prices.Using more fuel in an SUV only raises the price to fill up that guy's pinto.
THE MAN WITH THE UMBRELLA DID NOT MAKE IT RAIN ON YOU.

I think 5 a gallon would make americans actually sell their suv's and get smaller cars.

5 a gallon would make me buy a bike to go to work, since that would make me fill up my civic 10 gallon tank to 50 bucks, or a whole days WAGE after taxes :(

get another job!

your in south jersey right? (talked to you last time about the supermid) anyways if you didnt notice, philly's jobs are really low paying, theres alot of college grads here make close to minimum wage :thumbdown:

the economy isnt all that great nationwide anyways