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4 Bumps

Can our economy survive $4.00 a gallon again?

So many people blamed it all on Bush. Well, now he's gone and it's coming again. I'm very thankful that we now live just a few miles from hubby's work - last time this hit we were 25+ miles away (one way).

Here's the link...

http://finance.yahoo.com/news/Oils-surge-in-2010-paves-the-apf-1258480888.html?x=0

Answer Question
 
scout_mom

Asked by scout_mom at 10:54 PM on Jan. 1, 2011 in Money & Work

Level 41 (125,190 Credits)
Answers (19)
  • People in Cali pay more than $4 per gallon. I guess if you want to drive, you have to pay for the fuel. Unfortunately, food prices will go up too (to account for the added shipping costs), so we all lose. Oh well...
    Anonymous

    Answer by Anonymous at 11:11 PM on Jan. 1, 2011


  • I think we would survive,however our style of living would have to change.Remember ladies we are resourseful and can do anything we put our minds to.
    Tikismom

    Answer by Tikismom at 11:38 PM on Jan. 1, 2011

  • Yes. Gas could be 10.00, as it is in some foreign countries right now, and contrary to what everyone says, it would really not affect many. People are going to drive no matter what. It might affect driving for vacations, but that's about it. It could very well get to over $4.00 a gallon around here soon.. but it won't make a difference.
    m-avi

    Answer by m-avi at 12:53 AM on Jan. 2, 2011

  • Yep we'd survive. It's not fun paying that much though!
    Erica_Smerica

    Answer by Erica_Smerica at 3:15 AM on Jan. 2, 2011

  • We should be moving away from an oil-based society. Public transit should be expanded.
    rkoloms

    Answer by rkoloms at 8:09 AM on Jan. 2, 2011

  • proabably cause of Bush and his relations-anything a president does in office affects way after they are out of office.
    IraqiVetWife

    Answer by IraqiVetWife at 10:56 AM on Jan. 2, 2011

  • We should be moving away from an oil-based society. Public transit should be expanded.

    ***
    The problem with that is environmentalists have been talking about getting away from foreign oil since the 1970's, and how much have we progressed?!

    Secondly, not everyone lives within walking distance of commuter train lines, nor do those lines stop near where you work! So then what? Do you DRIVE to said commuter line, then take said line to the nearest stop to your employer, and then walk or take a cab to your job?! Not exactly feasible or time efficient! What if your job is in sales, and you need to meet with clients in multiple locations in a given day/week?!

    Besides, commuter lines cost WAY more to install, operate and maintain than they generate in revenue. Driving (for those not in an urban/suburban area) remains to the most cost efficient method of getting around.
    LoriKeet

    Answer by LoriKeet at 12:50 PM on Jan. 2, 2011

  • Also, I can tell you from experience having grown up in Boston, that even with a bus stop at your front door and train lines taking you everywhere you want to go, it can still take 1-2 hours to get to where you need to go if you need to take more than one method (ie: bus then train, walk then bus, then train, etc.) Again, relying on someone else on THEIR schedule isn't exactly convenient.

    As for gas prices going up, it only means that vacations and businesses and industry dependent on travelers will suffer--think airlines, trains, buses, and vacation destinations!
    LoriKeet

    Answer by LoriKeet at 12:53 PM on Jan. 2, 2011

  • I t doesnt matter what President is in office when something like this happens...we dont know whose fault it is for sure.

    No matter what, people are going to want and need to drive. I think the issue is more of people adjusting their lifestyles in order to be able to pay higher gas prices. When we pay more for gas that is less money we have for something else, and for those of us to are on a tight budget, we have to make adjustment elsewhere.

    More people need to try to save more (myself included) and get rid of uneccessary debt (if and when possible), so that we are able to make adjustments for when issues like this come up.
    MizzNicole

    Answer by MizzNicole at 12:54 PM on Jan. 2, 2011

  • For those of you saying it won't effect much other than vacations - did you stop to think that when gas prices go up so does everything else because it takes fuel to get items to the stores - food is a great example. Then, when gas prices go back down, the food prices stay the same. Case in point - when we had our last big gas rate increase a few years back, our milk prices jumped from $2.49 a gallon to $3.79. That milk price has not gone down since - and if we get another big gas increase, will we be paying $5 a gallon for milk?

    scout_mom

    Comment by scout_mom (original poster) at 1:21 PM on Jan. 2, 2011

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