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Old 03-10-2011, 08:42 AM   #449
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well we were going to make a trip out west but with fuel prices so high we will just camp in northeast NH, VT, ME, NY,PA, enough camping over here for 20 yrs or better,
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Old 03-10-2011, 08:47 AM   #450
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Keep your fingers crossed. Oil down $3.30 almost under $100
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Old 03-10-2011, 10:55 AM   #451
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Originally Posted by StStg1 View Post
Just wanted to jump in here. It's great if you have the $$$ to buy oil or any other kinds of stocks to offset the rising fuel prices. However, if you lve on a fixed income and didn't have the $$$ to invest in stocks, bonds or anything else and had to spend the last of your meger savings to pay off enough debt to survive, then you can't afford to maintain your current level of living standard. We have cut a lot of things out of our lifestyle and now must make hard choices of what we spend our $ on. With everyting rising in price, and no rising in our income we are slowly being forced to going on less frequent rv outings, even the short trips. Something has to be done. Thanks for listening.

It's pretty easy for a few to glibly suggest buying $25K or so of oil stocks to offset rapidly rising pump prices - but how MANY here HAVE that "extra" $25K just sitting around in a cookie jar waiting to be gambled?

Certainly NOT fixed income folks like my wife and me! Nor can we afford to take unnecessary risks with what we have accumulated during our working lives - and must now rely upon for day-to-day living expenses.

Invest in a hedge fund to insulate against fuel costs? What about a similar hedge fund for wheat and rice - another for steel and other metals - and perhaps another for cotton and wool? That way, we cover to a degree ALL the bases of cost of goods.

I've just described a balanced Mutual Fund - what we have, and use to supplement our SS - it returns a decent - but not an avalanche of the extra $$$ we need and use for daily living plus a few extras like RVing.

BUT, to even suggest or consider cashing in a portion of those steady reliable income sources at this point in our lives in an effort to crystal ball the sudden spikes and falls of any SINGLE market item would be pretty dumb and foolhardy - and for that matter, precious few wage earners in today's society have the idle $25 - $100K just lying around waiting for casual investment either.

More power to those who DO - but the reality of life is that MOST of us do not, and live our daily lives on the RESULTING steady climb in cost of living that is largely manipulated and controlled by the wealthier investors so that THEY can easily afford the upscale living standards OUR dollars have subsidized...

And THAT is the reality of financial life and standard of living in any society - and even more so in a Capitalistic one where the rich live and prosper at the expense of the poor.

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Old 03-10-2011, 05:02 PM   #452
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Let's get back to the OP question. We're getting side-tracked with talk of stock market dabbling & who/what is influencing prices. Yes, it's related but it's

Thank you.

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Old 03-10-2011, 06:47 PM   #453
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Originally Posted by mavric65 View Post
The funny thing is if you watch oil the stuff they are buying is for months ahead so oil that was bought 2 to 3 months ago for 80 dollars a barrel should be priced accordingly but no they hike it immediately at the pumps and as far as I'm concerned i will burn as much as i can afford to h*ll with all the tree huggers out there i say drill baby drill and i will burn baby burn the fuel to keep my house going down the road... We only have so much time on this round ball that spins so do as much as you can and enjoy it because their are only 2 things in life that are true DEATH and TAXES!!!!!!!!!!!

Enough Rambling enjoy all your Adventures everyone
Damn straight! You tell'um. I remember 21 cent gasoline, and everyone freaked out when it went to 34.9.

I don't know about ya'll but the ages in the obits are beginning to surround me. At least I can still buy $5.00 fuel!!

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Old 03-10-2011, 07:24 PM   #454
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I think all of us have our break points where we just won't drive any more than we have to. For me it wouldn't be $5 fuel, but at $10 a gallon, I may be the owner of a very large TV room with wheels and slides.
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Old 03-10-2011, 07:28 PM   #455
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Originally Posted by wnytaxman
I think all of us have our break points where we just won't drive any more than we have to. For me it wouldn't be $5 fuel, but at $10 a gallon, I may be the owner of a very large TV room with wheels and slides.
I'm thinking buy a battery operated pump and 15 foot of hose then "borrow some " from Seajay while he's on his boat.
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Old 03-10-2011, 08:14 PM   #456
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Trying to stay on topic here, I will keep on trucking with the intention that fuel prices will drop again. Do we have any reason to feel that they wont? Katrina drove prices up, people couldn't afford to drive, a little depression/recession and here we are gain.... its just a cycle. I hope.
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Old 03-10-2011, 09:16 PM   #457
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Since China makes every thing and they make so many things affordable that otherwise would not be, they should start making gas too.
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Old 03-11-2011, 01:14 PM   #458
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Originally Posted by max49 View Post
Since China makes every thing and they make so many things affordable that otherwise would not be, they should start making gas too.
If they did, it would probably have lead in it.
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Old 03-11-2011, 01:33 PM   #459
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Old 03-11-2011, 01:41 PM   #460
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Old 03-11-2011, 02:03 PM   #461
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Originally Posted by 4Knights View Post
I'm thinking buy a battery operated pump and 15 foot of hose then "borrow some " from Seajay while he's on his boat.
You know...That's NOT a BAD IDEA!!!! Hey Seejay, where are you parked exactly????
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Old 03-11-2011, 11:22 PM   #462
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Butterbean: You forgot to add extra cost for the refinery that blew in Japan yesterday. That's good for 70Cents more/gal. And the fuel costs for residential heating, and cooking in homes that are not using anymore due to damages..and someone said any reason to believe the price won't drop again. Sure. Lots of new reasons. OPEC is looking hard at more reasons to keep prices rising and speculators speculating.
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