If gas reaches $5.00/gal are you done?

[wnytaxman]

Originally Posted by a k

Just bought 100 octane LL (which is high lead for auto) $3.85/gal. That's 10% above wholesale here in the midwest.

Besides, I lost the American dream in Nov 2008.

For us here in Western NY we are looking at gas at $3.35 and diesel at $3.58. It ain't getting cheaper, that's for sure.

[a k]

At the pump in STL it's $2.95 gas and $3.09 Diesel

[SuperMike]

You lot have nothing to complain about.

Over here in England, using todays exchange rate, we pay about $7.60 per US gallon for petrol, that is approx £4.87 per UK gallon, and rising.

About 80% of that is tax.

Still happily pay it to use our RV though. Sooooooooooo much fun.

[wnytaxman]

Originally Posted by SuperMike

You lot have nothing to complain about.

Over here in England, using todays exchange rate, we pay about $7.60 per US gallon for petrol, that is approx £4.87 per UK gallon, and rising.

About 80% of that is tax.

Still happily pay it to use our RV though. Sooooooooooo much fun.

Ouch, ouch, and more ouch. Let's see, if I travel across the US and do a 5000 mile jaunt and I get 10 mpg, it would cost me $3800 in just fuel. I think that would limit my travels!

[Bob (WA0MQE)]

Don't forget what happened in 2008 when it did hit +$4 per gal. Usage dropped like a rock, people stayed home and didn't fill their tanks unless they absolutely had to. What happened, gas reserves became abundant and the price dropped back down. The public will only take so much and then they react. This is the American way.

[Midniteoyl]

25 years ago we were asking "Will you stop driving when gas hits $1.00 per gallon!?" Then it was $2, then $3 and $4... people didnt stop then and they wont now... Will the usage go down? Sure, by about 10% for 3-6 months.. then it'll come right back up and even grow. Just like it did at $1, $2, etc....

[Gary - K7GLD]

I'm not sure where you are getting your information that all crude is only traded on merchantile exchanges, but it is about as wrong as wrong could be. There are two major commodities exchanges in the US and over 60 exchanges in total in the US. There are several hundred more worldwide with the biggest being in London. In addition not all oil is traded on exchanges as much of it is simply sold by producers to refiners. I know it fits into a tidy explanation that there is some worldwide conspiracy that is making our gas and diesel cost more, but that is simply not true.

UMMMMmmm, I never CLAIMED that "all crude is only traded on merchantile exchanges" - Here's what I DID say:

Perhaps - but there's still only *1* major stock market where the vast majority of crude oil is being traded, and the speculator profit skimming taking action.

NOW, you ARE correct that I should have specified my comments were regarding USA markets - and for the record, I have YET to have ANYONE step up to explain fully just WHY we "need" oil speculators, And HOW their profit skimming efforts in ANY way benefit us end users at the pump...

Care to give it a shot?

AND, while you're at it, explain who it is that DOES benefit from crude oil speculation in amounts up in the millions and billions of dollars...

For sure, I'd bet the vast majority of members on THIS board currently investing in oil futures either in whole, or partly, thru mutual funds or similar, probably don't see enough annual profit to operate their regular passenger vehicle(s), let alone a MH...

Anyone want to step up and prove me wrong on that one too?

[NLOVNIT]

Um, folks, we've gotten with posts about oil trading, importing/exporting, speculators & the stock market talk. Let's stick with the OP topic.

Thank you.

Lori-

[OneRVer]

Originally Posted by NLOVNIT

Um, folks, we've gotten with posts about oil trading, importing/exporting, speculators & the stock market talk. Let's stick with the OP topic.

Thank you.

Lori-

Well,,,,That may be true. But,,I sure am learning something. Maybe I am off topic too,,, but,,, I thougt this forum was for learning. The question is "What if gas gets to $5.00 a gallon what are you going to do?" Well,,,,I would like to know why gas would get to $5.00 gallon. Thanks to a couple of Rver's on this topic, I am LEARNING why.

[JohnRR]

Posted by an English tow truck driver at a tow site I visit often;

1/7/11 (Diesel)

Following the latest round of fuel Tax increases in the UK, pump rices in some areas have now risen to a mind blowing £1.50 per litre which equates to =

$ 10 . 25 PER GALLON To my knowledge this is the highest price in the whole of Europe maybe the World !!!!

What really sucks..... the majority of that is tax.

The cheapest Diesil in Europe at the moment is in Luxemburg......= $ 5 . 70 Per Gallon.

How the hell English Tow Trucking companies can survive when they are locked into fixed price, long term contracts with the majority of Breakdown organisations, Insurance companies and Police Contracts.
Any Profit that might have been, is just being eroded to oblivion!!!

[series60man]

$5.00 gallon, since I am burning mostly diesel fuel stabilizer, not a problem. It has not gone up at all.

[Tha_Rooster]

No it was $5.00 a gallon when I bought it. 2008

[scgator]

We will travel less, but still travel; when we "home base" we are located on a river front park with private boat dock and gated entry for less than $300.00 a month. So we will just ride up and down the river fishing.........twist my arm....on one side of me is the river and fishing and on the other side of me is an 18 hole golf course with national ratings....and 3 miles from me is the Augusta National Golf Course....the sacrifices we make

[kjburns]

We get out once a month, but almost all of our trips are within a 250 mile radius. Our fuel cost is slightly above the price of milk on the list of things to worry about. I know a lot of people take long trips, but even then the price of fuel isn't a major factor compared to the price of the RV. It's a factor, but not the one that would make us walk away. We spend a lot more each year licensing ours than we could ever spend on fuel.