If gas reaches $5.00/gal are you done?

[RedneckExpress]

Originally Posted by thelastplace

This started out as a question 'If gas is $5.00 a gallon what will you do?'. Well, if you've been to Orlando lately there are a couple of [moderator edit] dealers already charging OVER $5.00 per gallon. The true value of gas is measured by how badly you need (or want) it.
When gas was $2.50 a gallon and oil was $70.00 a barrel, the oil companies were making BILLIONS of dollars. Now oil is up 40% but gas prices are up 65%, so I guess the oil companies are making even more money. I don't like government regulation of anything, but rather than release our strategic oil reserves to bring prices down ( and I don't think it will), let's put a little 'control' on oil companies and their profits. They were doing just fine making BILLIONS, do they really need more?


But the true travelers are they who leave for leaving’s sake
Saying continuously, without knowing why: ‘Let us go on’.
Paraphrased from Baudelaire’s ‘The Journey’

Folks keep forgetting that its more to do with speculation on the commodities market than actual oil companies themselves causing the prices.

A real simple fix without controlling prices is to simply make a requirement that you have to physically take delivery of the oil futures you bought before you can sell them again, or even better, add on a "value-added" requirement, meaning that you have to actually refine the product in order to get your money out of it.

3/4 of the buying and selling of oil never involves a single gallon of real oil, its all in futures, by making the wall street bimbos actually have to receive and store the fuel and then process it, will bring a complete end to the speculative "hedging" that is currently driving our prices out of control.

[mavric65]

Originally Posted by Sequim Guy

My big gripe is that when the price of a barrel goes up, the price at the pump goes up the same day.
But when barrel price goes down, it takes weeks for pump price to drop even a little.
At least that's how it seems to me.
But I won't stay home.(quietly singing "On the Road Again" to self)

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

[new rver]

amen to that. choke on there profits and we'll be in are rv seeing this great usa.go so far relax try to get some fuel money than move.
safe travels live free or die bob,linda & missy

[Starfire5]

"If gas reaches $5.00/gal are you done? " God, I hope not! We haven't even gotten started yet since we just bought our first RV in December!

C'mon people, this is a no brainer - just buy some oil stocks and make a bunch of money to supplement your RV gas fund! LOL I've made so much on my oil related stocks that I'm not worried about the prices at all!

[Dav5942]

Not if but when! Will probably only travel 15k miles per year instead of 20k+.

[wnytaxman]

We're all looking for a villian in the oil prices and guess what? To find the villian you have to go back to the old Pogo comic strip and the classic line from that strip, "We have met the enemy and they are us." Here we are as the owners of RV's who use way more gas and diesel than most other people in the US and Canada and we are blaming the oil companies, the speculators, the Arabs, Hugo Chavez, and anyone else we can blame. Will we cut down as oil continues to spiral upward? Yep, most all of us will to some extent. Will we stop buying foreign goods which drives our dollar down? Probably not.

It has become the American way to constantly blame others for whatever ails us. Maybe we need to look at ourselves and why things are different and not where we want them to be. To find a major cause of increase oil prices we just need to look in a mirror.

[melvonnar]

Originally Posted by Wanabee FTer

I agree, the time to buy is when prices are going up.
Unfortunately there are only a privileged few that are privy as to when to sell for a huge profit.

Lets see:------buy low; sell high. Anyone with a crystal ball?
Buy a home 10 years ago; sell 5 years ago; huge profit, if you kept that home huge loss; market goes up, market goes down, you all get the message.

Buy your fuel; when your money runs out, park it, when your over 70; your not in it for the long haul.
enjoy the time you have left; you only go around once.

[Monacoach]

Here we are as the owners of RV's who use way more gas and diesel than most other people in the US and Canada

An Rv obviously uses more fuel while rolling down the highway but that doesn't mean the driver uses more fuel then a non Rv owner. For example a person who commutes to work 50 miles per day in a compact car most likely uses more then the retiree who drives south once per year in a large Rv, parks and uses a toad to go to Walmart once per week.

Now back on topic. I am Canadian and many years ago when the Can dollar was worth less then 70 cents US, we traveled the USA in our Rv. Now gas/diesel is high but so is the Can dollar so yes we still travel.

I wonder how many Americans will travel to Canada this summer with the low American dollar and the current $ 4.80 per US gallon here. ( $1.23 per Liter) We will keep our long trips state side to save cash.

[StStg1]

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.

[wnytaxman]

Originally Posted by Monacoach

An Rv obviously uses more fuel while rolling down the highway but that doesn't mean the driver uses more fuel then a non Rv owner. For example a person who commutes to work 50 miles per day in a compact car most likely uses more then the retiree who drives south once per year in a large Rv, parks and uses a toad to go to Walmart once per week.

Now back on topic. I am Canadian and many years ago when the Can dollar was worth less then 70 cents US, we traveled the USA in our Rv. Now gas/diesel is high but so is the Can dollar so yes we still travel.

I wonder how many Americans will travel to Canada this summer with the low American dollar and the current $ 4.80 per US gallon here. ( $1.23 per Liter) We will keep our long trips state side to save cash.

Good Point on the commute, but I do think overall we tend to use more fuel as a group.

As to Canadian travel, we are headed to the Maritimes this summer and I know that diesel will be expensive, but my twins are 14 and I don't know how many more years they'll want to travel with us, so we will go and pay whatever we have to pay. Maybe we can skip a few meals...which wouldn't hurt my waistline.

[Perry White]

I don't think your going to profit in oil stocks today 3-10. Or any stocks. I think market tanks.

[Perry White]

Yep, tanked on the opening bell. Good for fuel prices though.

[Starfire5]

All this volatility is GREAT for trading!

[Perry White]

Buy high sell low. That's my only problem.