CLASSIC: UNDER BUSH $4 A GALLON GAS WAS A CATASTROPHE, UNDER OBAMA, $5 A GALLON IS GOOD FOR YOU
Why you should love $5 gas
Stop grousing about the numbers on the pump. All of this could be good for you and good for America.
This post comes from Lynn Mucken at MSN Money.
As you pump 13 gallons into your Honda CR-V -- American's best-selling SUV and a thrifty 28 on the highway and 21 in town -- it's near impossible to view the $50 you're spending with a positive attitude.
With the national average at $3.84, it's easy to label oil executives as pond scum, but try to remain open-minded. Think of the big picture: While that promised road trip to Disney World just went up in carbon monoxide, $5 gasoline may actually have an upside if it arrives this summer as some experts predict. Not for you and your family personally, maybe, but perhaps for the United States as a whole.
Some possible benefits (and we're serious about most of them):
Fewer people will die on the road. The less you drive, the more likely you will survive, if the events of 2008, the year of the most recent gas price surge, are correct. In 2007, 30,527 died in automobile (including truck) accidents in the U.S., according to the National Highway Traffic Safety Administration. In 2008, that number dropped 12%, to 26,791.
This mainly was attributed to a decrease in highway speed. Also contributing was a 2% drop in miles driven, from 3.03 trillion to 2.97 trillion, despite a 1.7% increase in the number of registered vehicles. On the negative side, with many turning to more economical modes of transportation, motorcycle deaths rose 2.6% in 2008 and bicycle deaths 1%.
Demand for high-mileage cars may grow. The key word here is "may." Hybrid sales rose quickly in 2007 as gas prices climbed, then dropped noticeably in the second half of 2008 as gas prices plummeted from over $4 to $1.60. This time around, despite gas prices climbing steadily over the past year, hybrid cars shrunk from 2.9% of new vehicle sales in 2009 to 2.4% in 2010, according to Ward's Auto. Meanwhile, sales of trucks, SUVs, crossovers and minivans rose from 48% of the market to 51% from 2009 to 2010. In addition, the average fuel economy rating of new vehicles sold in 2010 was 22.2 mpg, down from 22.3 mpg in 2009.
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Which proves, of course, that Americans love their big vehicles. It could turn out to be different this time around. For one thing, there will be far more gas-efficient options available, plus all-electrics like the Chevrolet Volt and the soon-to-be-launched Ford Focus Electric. And for another, if those $5 doomsayers are right, the biggest hit on the credit card is yet to come.
Shorter security lines. Airlines fares are extremely fuel-price reactive. Soon, hardly anyone will be able to afford to fly willy-nilly around the country or globe. You will breeze through the maze of airport checkpoints.
Less pollution. Less driving means cleaner air. According to the U.S. Environmental Protection Agency, "pollution from vehicles causes two of our worst air pollution problems, smog and carbon monoxide." There are no solid figures on how many Americans die annually from car-produced pollution, but a 2008 study by Great Britain's University of Birmingham linked pneumonia deaths to pollution from motor vehicles.
Less congestion. Ever notice how well rush-hour freeway traffic flows on the minor holidays when most of the rest of us are working? A 2% drop in miles driven can make a big difference, allowing you to drive faster, although you now won't want to. According to the Department of Energy, on average every 5 mph you drive over 60 is like paying an extra 24 cents per gallon (based on a $3.79 price).
High prices lead to lower prices. Mackubin Thomas Owens, a professor of national security affairs at the Naval War College and editor of Orbis, the journal of the Foreign Policy Research Institute, theorizes that if gas prices rise enough, the government will open up areas now closed to oil production, and oil companies will be able to invest in more-expensive methods of extracting oil. Soon we will be drowning in the stuff, and prices will drop again.
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More exercise. The Organization for Economic Cooperation and Development estimates that by 2020, three out of four Americans will be categorized as overweight or obese. So, it can't hurt to walk the three blocks to the grocery or bike to school or work.
"When gas hits $4 a gallon, a lot of people come in looking for options," said Tim Blumenthal, the president of Bikes Belong Coalition. "Bike commuting jumped 44% between 2000 and 2010, with a big part of that in 2008. Still, more than half of all bike trips are three miles or less, so we're seeing racks and baskets (sold) for those who have multiple stops to make on the way home."
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MSN Autos: Find the cheapest gas near you
End of wars. According to National Defense Magazine, the cost of "in theater" gasoline to our troops in Afghanistan can range from $100 to $600. The Army estimated fuel can cost up to $400 a gallon if the only way to ship it is via helicopters. (Black Hawk helicopters get 0.74 mpg, while F15-E strike fighters get 0.41 mpg.) And that was last year's prices. Afghanistan, Iraq and Libya might get too expensive for America's taste.
Local businesses may profit. If you can't afford to drive out to the Wal-Mart or The Home Depot, you may be buying instead at the local supermarket or neighborhood hardware store. In addition, as the cost of transporting, say, grapes from Chile, goes out of sight, you may turn to regional farmers for your produce.
It's all about democracy. If we let up on the gas pedal, we'll starve those oil-rich despots out of existence. Oh, we import as much from Canada as from Saudi Arabia and Venezuela combined.
http://money.msn.com/saving-money-tips/post.aspx?post=e04807fc-e307-45c7-a3b0-9fdabfac3518
Next, they will be saying that spending more at the grocery store is better than paying less......
Of course it is too high....the oil cartel and Wall Street are playing games. But the media wants to convince you to thinking that it is ok to pay for high prices for obvious reasons.
Quoting anon421:
I dont' know who wrote that and i don't care. Under Bush, Obama a alien president or anyone for that matter $4 ,$5 for gas is way too much.
This is such BS! There are a ton of commuters out here that are forced to hit the road every day to work to provide for their families. The cost of gas is only harming us. Not all of us have the money to go out and buy high mileage cars or have the option of walking or biking to work. As for the gas prices ending wars... really? How can anyone believe that a war will end because the government will be paying more in fueling costs?
The price of gas comes down to one thing... greed and fear mongering by the oil companies to make a bigger profit.
Seeing the prices go up put me in a panic. I also feel that we've been lucky for a long time. I remember when gas first started jumping up, seeing a coparison to other countries and we've had it good.
I've had to take the past couple years to look at my sense of entitlement and found I don't "need" as much as I claim I do. I'm hoping that everyone having to tightent their belts will help Americans look back to the simple way of living. I have no explanation for how it will help businesses or those who are starting with nearly nothing. I just sometimes feel we have depended on such extravagance so long that our business are centered around supporting our addictions. I don't know how all that would pull together to both provide jobs and stop the over spending on "everyone's" part.
The oil cartel just stated that they are going to slow down the oil drilling because there is an overabundance of oil already drilled. My bet is that the speculators are going to push the prices up even higher just because "they can."
Quoting OhiogirlinCali:
This is such BS! There are a ton of commuters out here that are forced to hit the road every day to work to provide for their families. The cost of gas is only harming us. Not all of us have the money to go out and buy high mileage cars or have the option of walking or biking to work. As for the gas prices ending wars... really? How can anyone believe that a war will end because the government will be paying more in fueling costs?
The price of gas comes down to one thing... greed and fear mongering by the oil companies to make a bigger profit.
Eight Year Old Girl Given "Catastrophe Award" By Teacher
- pvtjokerus
on Apr. 21, 2011 at 10:18 AM