What’s the p
ain point for American drivers at the gas pump?
If the cost of crude remains high into next spring, analysts expect gasoline prices could rise to a never-before-seen $3.50 or $4 a gallon, Reuters Robert Campbell concludes here. (Check here for a Factbox on why oil prices are trading at a record high.)
Tell us what you think. Comment below.
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66 comments so far
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How will higher gas prices effect me?
- Posted by GrregFirst European Countries have been paying double triple what USA pays for decades now and their economies for the most part are doing fine. So America, get used to it.
Myself, I will just put a windmill on top my black 24 foot long Ford Excursion to compensate for the higher prices at the pump. Does that qualify me as a greenie?
Fine with me, i only drive home from school twice a year and ride a bicycle in and around AUBURN, and use
- Posted by LankyHigher gasoline prices would be no surprise. We (USA) are buying everything from foreign countries and this is improving their standard of living. They want cars and gasoline also. There is only so much oil, so higher demand means higher prices. Five or six dollars a gallon several years from now is very likely. We (USA) are much of the cause with our outsourcing. Happy Driving !
- Posted by KennethI drive a small Ford Focus with a 5 speed transmission. I won’t feel to much pain at the pump, but I will certainly feel it when I go grocery shopping or pay my heating bill. (Last week I bought three apples at the grocery store and they costed almost $5.)
- Posted by ChrisMy question is: Why on earth would developing nations like India and China want to base their growth on fossil fuels?
Thankfully yes.
It’ll provide greater incentive to take public transit and commute by bicycle when possible (I live in the rainy Northwest).
I hope my great grand children will also experience an improved lifestyle by meaningfully reduced emissions.
- Posted by Winston SaundersWhat do Americans expect? - a never-ending supply of a non-renewable resource at cheap prices guaranteed by the government? Gas was over $4 a long time ago in much of Europe.
- Posted by SayHeyWhere is the extra money going? I presume to oil producing states like Venezuela, Saudi Arabia, Nigeria, Russia.
Since these countries are not entirely on the US’s page in politics, religion, human rights, philosophy - isn’t this a big issue?
Yeah, it’ll cost more to get to work, or ship a package, but I worry more about the change in the global status quo vis a vis moral, religious, financial and politic views that this shift in wealth might mean.
- Posted by Nic FultonFood and oil are completely tied together. The average distance that the food in your grocery store has traveled is over 1500 miles - all with fossil fuel. Farm machinery uses fossil fuel. Fertilizers are made from fossil fuel. Here is an interesting article: http://www.fromthewilderness.com/free/ww 3/100303_eating_oil.html
- Posted by Eric AndersenInteresting point from article: The world could only support 2 billion people(food-wise) if fossil fuel was unavailable. Two-thirds of the worlds population are essentially eating fossil fuel.
No matter how high the gas people will pay to get to work or go visit someone.
- Posted by srinivasNot everyone lives in a city with efficient transport system.
Darn right, Scott!
As a part-timer, I will demand a raise to keep up with inflation or else!
And yes, it will cut my traveling distance per month by at least one-half, taking in consideration the price of everything else going up.
You need to get your money out of your banks and financial instruments except resource stocks, oil stocks, and water infrastructure stocks, and hold your value in gold/silver. Have you seen Gold reaching its nominal high of over $750 lately?
Got gold/silver?
- Posted by StephanieScott is right on the mark. This will affect everyone. We have several options:
Eat less
Walk more
Consume less
Commute with some sense
Sounds un-American. Its about time.
- Posted by MattPrices already are influencing people. But you can’t just change car overnight … but peopel will in the long run. The troubles of GM, Ford etc are not accident - lots of their models were based on really poor GPM.
4 dollars will only speed up this process … and that’s a good thing. Americans are bright enough to figure out better way of life independent on Middle East …
We just need high enough prices to kick off those who are making tons of money on those prices - no, not the Saudi Arabians - oil companies with billions of PURE PROFIT (Profit = Sales - ALL COST [including paying Saudi Arabia])
SO I hope it is 5 dollars next spring (but 10 would truly destroy the Economy) … price increase needs to be gradual …
- Posted by Shamick GaworskiFor everyone in business, the government subsidises their fuel consumption. If price goes up, less income tax is paid. However, government hacks are talking about raising the fuel tax. They claim it is to improve roads. Ok, so what is happening to the money we pay now? I suspect it is being used to build bridges to nowhere. And, I suspect that the street politicians drive on are free of potholes.
Anyone on a fixed income and depending on a vehicle to get around will feel the greatest pain.
Ever wonder why so many people are getting a Reverse Mortgage? It is to stay even, because recurring expenses are getting out of hand, and that includes fuel and home heating bills.
- Posted by EdwardOf course it will affect me and those around me. With it everything else will raise in price. From milk to electric bills.
I wish my income would go up with the prices but it doesn’t so therefore yes it will have some change on my lifestyle as I will be making, “Less”, overall.
- Posted by Consumer DudeI guess all of you who make so much money and won’t think it will affect you think again!
- Posted by scottWhen the price of all goods and services skyrocket because they are all somehow delivered to market via truck, air, train, and ship then ask yourself if it has affected you?
Re-comment when your gardener raises his rates, or when that contractor comes out to do work on your house. How about trash pick up service? You think these people walk to collect? Ha, I fear not. Maybe when you buy groceries or go out for that fancy dinner will you then realize that yes, it has affected you just like all of us. Car or no car, everyone will feel it as we already have!
It seems those who would feel the impact are not responding but perhaps tallying the $ spent monthly on gas on the credit card bill. Continuing to pay for gas on credit cards only accumulates more interest. Its not getting today’s gas prices on credit. I think this is an important point for the daily driver to consider. I will only feel the impact when my bus fare increases. I look forward to the days when the roads are used more for bi-ped transportation. Maybe the street sweeper will stop ticketing me.
- Posted by DedFxGas at $4 or even $10 will not have much of an impact on me. I am well paid, live close to work, and do not drive for recreation. Net impact would be about ten dollars a week.
- Posted by David RogersAgree with Samuel, all these flying coffins will be landed for ever and peaceful times will come again to enjoy the life in simple and humble style. At the end of the day we all are animals, but less intelligents than the smaller animals.
- Posted by papirusGood news at last! Nobody in the streets, it looks like a miracle: returning to traditional life, just walking or sleeping. A good remedy for stress. And less polution. The best news in centuries: the return of Zeppelin, because Boeings are petrol sucking machines… all poetic and romantic!
- Posted by samuelI almost hope it does hit over $3.50 a gallon. Maybe then people will wake up and get rid of the bought-and-paid-for politicians (that would be ALL) in Washington and their home state houses. Want to do something about high oil and energy prices? Let’s listen to scientists for a change instead of the spin doctors and their political clients. There are usable alternatives RIGHT NOW than can replace our dependance on foreign oil, but nobody on either the right or the left of the issue wants to live with the sacrifices it would take.
- Posted by Charles