| # | Author | Message |
81
| DyGDisney
Wed 5/7/2008 11:07a | So I heard this morning on the radio that experts are expecting gas prices to go to $150 up to $200 per barrel, right now it's $120/barrel. Hmmmmm, maybe a Camry Hybrid??? |
82
| EighthDwarf
Wed 5/7/2008 11:25a | <<You can invest in Exxon and share the wealth. You can't invest in the sheiks.>>
Not really. If you are paying $1 more per gallon of gas it costs you and extra $15/week or $750/year. In order to earn that much in cash dividends from Exxon Mobile (XON) you would need to own about 500 shares. That would cost you about $45,000.
I think most people that are concerned about paying $750/year more in gas don't have $45,000 lying around to invest annually just to offset ever-increasing oil prices.
|
83
| EighthDwarf
Wed 5/7/2008 11:30a | <<So I heard this morning on the radio that experts are expecting gas prices to go to $150 up to $200 per barrel, right now it's $120/barrel.>>
I wouldn't count on it. People are most bullish at the peak of a rally and I really believe that a lot of the run-up in oil prices as been driven by investing (rather than consumption) activity.
But it all depends on when the commodity bubble is gonna burst. For everyones sake, let's hope sooner rather than later (although the run-up in commodity prices is bolstering the credit markets right now). |
84
| DisneyFreak96
Wed 5/7/2008 11:48a | <<I think most people that are concerned about paying $750/year more in gas don't have $45,000 lying around to invest annually just to offset ever-increasing oil prices.>>
My boss is a millionaire several times over. He just turned in his car for one that gets much better mileage as he commutes (poor guy /sarcasm). He may not be "concerned" but he sure isn't happy about the price of gas. He pays 400 bucks a week in gas so I'm guessing he is spending a lot more than $750 a year extra compared to last year. |
85
| EighthDwarf
Wed 5/7/2008 1:12p | Okay, so he spends $5,000/year extra on case. He needs to buy about 3,000 shares each year to offset the increased cost of gas which will only cost him about $270,000 per year.
I doubt your boss is rich enough to make that reasonable to do. But if he doesn't, he's giving more to Exxon Mobil than he's getting back. |
86
| oc_dean
Wed 5/7/2008 1:38p | >>Do high gas prices still bother you?<<
COUGH-COUGH!
I suppose if one is rich .. It can be $10 a gallon .. and it ain't gonna make a difference to them.
Now ...
for us "commoners" who are making somewhere between 10 to 40 thousand a year (before taxes!) ... It just keeps killing us .... worse .. and worse .. with not a care in the world to those who can BARELY afford it.
>>
Gas was $1.25/gal when W. took office. Glad we got an oilman in the White House.<<
Anyone think Bush and his oil cronies are not somehow connected to the hike in gas in the last 8 year?!
He may not exactly be the ENTIRE picture ... But it does not take much to figure out .. he's a big part of it.
I have nothing but DISGUST for the president with the worst approval rating in the history of the United States! |
87
| oc_dean
Wed 5/7/2008 1:48p | What makes things worse ...
too much of our country's cities are designed around the automobile.
Despite _some_ progress in rail systems .. it's going to be decades to convert cities in a way that make rapid transit systems practical.
I love how it's 2008 ...
into the 21st Century .....
and Orange County ..
where I grew up ....
can't get a single light rail system going ... to save it's-(34 city)-self! |
88
| wonderingalice
Thu 5/8/2008 6:58a | For the fun of it, I just went to our local Regional Transportation web site...
I'd ride the bus to work... If it made any flippin' sense at all to do so. Here's what I'd have to do - to arrive at work 1/2 hour late. *LOL*
First, I'd walk two miles from home to the bus stop. I'd have to be there by 5:14 a.m., so figure - depending on my shoes and traffic (since for part of my walk there aren't any sidewalks) - I'd leave the house by about 4:15/4:30 a.m. and have to really book-it fast to get there.
My first drop off is at 5:29 a.m. and I'd have just a five-minute window to back-track on foot across a busy intersection to the next bus stop. Heaven forbid there are any delays whatsoever - I'd miss my transfer.
The next one's a little easier... I'm dropped off at 5:44 and walk to the bus stop and make my final transfer at 6:05. At this point, I'm five minutes late for work.
The bus takes me to a nearby mall for my final drop. Then I walk about 1/2 mile to my office, where I arrive at 6:30 a.m. - 1/2 an hour past my scheduled start time.
Currently, I leave the house at about 5:30 a.m. or so for a 20-minute drive in. If I wanted to take the bus and actually get here on time, I'd be leaving the house at 3:30 - 3:45 a.m.
Great.
*LOL* |
89
| friendofdd
Thu 5/8/2008 8:33a | ^^^^^^
Are you saying our planet isn't worth a little inconvenience???
=o] |
90
| DyGDisney
Thu 5/8/2008 8:55a | We are seriously considering buying a Toyota Camry Hybrid. It gets twice the gas mileage of my dh's truck, so if you take into account the gas $$ we will save, it will cost us about $160/month to buy it. If gas really skyrockets, we'll be ahead with it, and the cost of Hybrids will probably go up.
Soooooo, we found one, but it's an hour away so we have to find time to go look at it! That's the very difficult part! |
