Gas Prices

Matt T:

Well we all heard of the “relief” but is there really going to be one…..

Its going to go up for the next few years! i bet on that

im in Texas and we are at 3.85, i just pumped this morning, sad sad sad

Max:

Here’s a great article about why the gas prices are so high.

Hope this helps.

BlaQice:

First of all, it’s not just gas… Been the grocery store lately? Checked your utility bill?

I think we need to stop complaining and do something. Conserve! Want oil prices to fall, cut back on consumption…simple supply & demand. I guess to other people on this board I’m probably looking like a genius by now, but that’s not the case. I’ve seen this all before.. “I know how this movie ends, still I play… the starring role in Hovito’s Way!” Jay-z

Don’t expect oil to fall that far. You have insurance in case you die? Insurance for your car, home…? Then just buy some oil ETF’s. For example, if oil goes to $200, and you invest just $2k, the difference you’ll profit will offset the increase in gas and food. If Oil goes down, then the cost of food, utilities, gas… almost everything will go down so you’ll offset your investment. I started doing this at Bush’s inauguration because I remembered when his dad was in office… and I knew they were all oil men who gangstered their way into office.

I turned $4500 into almost $30k in seven years (Gas/Food/Utilities Money) and I’m still long as long… as he’s president. But, I have some short term puts to insure the short-term downside.

All you have to do is travel anywhere whether it be abroad or domestic to see the increase in demand for oil. Don’t get me wrong $150 oil is unsustainable. But, as the world becomes smaller and emerging markets grow, so will the demand for oil. Moreover, we in America are just spoiled and wasteful and will suffer because of it. Ever pull into a gas station in Germany? Denmark? France? Italy? Do you hear them complaining all day everyday putting it on the front page of the paper? NO. They just don’t buy as much, use public transportation and conserve. And, on top of all that 40% of what they spend on GAS is used to supply universal healthcare to ALL of their citizens. I make six figures and can barely afford therapy for an injury suffered years ago.

In the US, just hop on any interstate east of the Mississippi and you’ll see people doing 80-90mph like it’s the speed limit and they’re driving alone for the most part. Yet, they complain when they pull up to the gas pump. Want to save gas and affect demand… Slow TF down on the highway, for one. We’re like little kids who want to eat everyone’s ice cream and leave ours in the fridge. No, we need to drill for oil in ANWR, conserve, carpool, use public transportation if possible, implement more renewable energy sources, recycle, and don’t waste.

… and find a way to provide universal healthcare for all of our CITIZENs, not “undocumented residents.” There’s an oxymoron for you.