Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 04:59 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 2,119
Now watch gasoline prices can you say 4 dollars a gallon

It really is heading that way, and just wait till you have to wait on lines again. There will be killings on american streets and both parties will be thrown out of office, republican big business types and democrat liberal types. Everyone will suffer. Gotta buy that vw non gas bio jetta that gets 50 mpglnow!
__________________

__________________
newguy88 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 05:05 PM   #2
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Now watch gasoline prices can you say 4 dollars a gallon

We won't get lines unless the gubment decides to impose price caps. What I think is funny/sad is the Owellian way the "historical inflation adjusted all time high" always manages to be about $10-$20/barrel higher than today's prices, no matter how high they go. Next week we'll have a "spontaneous" march thanking Big Brother for reducing the price of oil to $80 a barrel. :P

Most of the people at work who drive F-450 mega cabs are jerks anyway....

My 1.9 litre engine does just fine on it's 12 mile commute. Maybe this oil price will push up the COLA raises at work!
__________________

__________________
laurence is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 05:07 PM   #3
Recycles dryer sheets
dusk_to_dawn's Avatar
 
Join Date: Dec 2005
Posts: 163
Re: Now watch gasoline prices can you say 4 dollars a gallon

I'm OK with $4.00/gal. Bring it on.
__________________
The way I see it, you got two choices. You either gotta get busy livin'...or get busy dyin'.
dusk_to_dawn is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 05:14 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: Now watch gasoline prices can you say 4 dollars a gallon

Milk or gasoline? :P
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 05:55 PM   #5
Dryer sheet wannabe
 
Join Date: Feb 2006
Posts: 19
Re: Now watch gasoline prices can you say 4 dollars a gallon

having grown up in England, this whole business about the price of petrol is amazing to me. Although i have to admit the tax surcharges on our gas in California is a disgrace.
__________________
rrspike is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 06:03 PM   #6
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 4,359
Re: Now watch gasoline prices can you say 4 dollars a gallon

Quote:
Although i have to admit the tax surcharges on our gas in California is a disgrace.
Originally, the California gas taxes were meant to pay for roads and freeways. That seemed very fair, those that used the roads most paid the most for them through gas taxes. Now the money just goes into the bottomless pit of the California General Budget.

If you drive a car, I'll tax the street
If you try to sit, I'll tax your seat
If you get too cold, I'll tax the heat
If you take a walk, I'll tax your feet
Taxman

'Cause I'm the taxman,
Yeah, I'm the taxman

__________________
MasterBlaster is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 06:48 PM   #7
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 699
Re: Now watch gasoline prices can you say 4 dollars a gallon

Quote:
Originally Posted by dusk_to_dawn
I'm OK with $4.00/gal. Bring it on.
Me too. I could handle the reduction.

Seriously, I don't think it would be that apocalyptic.

Bpp
__________________
bpp is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 08:11 PM   #8
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Now watch gasoline prices can you say 4 dollars a gallon

Ah, The Beatles. What about the pennies on your eyes?

The problem (which we have discussed here before) is that the higher gas prices trickles into every corner of the economy. Goods cost more to deliver, transportation/airfare, much machinery for manufacturing is powered by the stuff, power plants, etc.

But yes, $4 a gallon, if consistent and stable, would probably be a good thing for the country, as it will make many innovations and alternatives profitable, and perhaps lessen our dependency. It's the "Gouge you for a while" then go back down that keeps the investment dollars from flowing. No one wants to get left holding the bag on a now unprofitable soybean to petrol factory...
__________________
laurence is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 08:19 PM   #9
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Re: Now watch gasoline prices can you say 4 dollars a gallon

Quote:
Originally Posted by newguy88
It really is heading that way, and just wait till you have to wait on lines again. There will be killings on american streets and both parties will be thrown out of office, republican big business types and democrat liberal types. Everyone will suffer. Gotta buy that vw non gas bio jetta that gets 50 mpglnow!
[gloat]I guess that Prius I bought 3 months ago ($3700 tax credit for 06, BTW) will look pretty good. Got 60 mpg on my 30 mile round trip commute today.[/gloat]

I think that $4.00 is not unlikely. Should spur a tax windfall for the state. Maybe they'll finish some of the road projects that never end.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 08:36 PM   #10
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Now watch gasoline prices can you say 4 dollars a gallon

Quote:
Originally Posted by Rich_in_Tampa


I think that $4.00 is not unlikely. Should spur a tax windfall for the state. Maybe they'll finish some of the road projects that never end.
I'm not sure I follow, how is the ~80 cents a gallon they collect affected buy the market price of gas? They working on a percentage?
__________________
laurence is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 09:24 PM   #11
Thinks s/he gets paid by the post
wildcat's Avatar
 
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
Re: Now watch gasoline prices can you say 4 dollars a gallon

I am glad I added to PCRIX at the beginning of this year just in case something like this were to happen.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
wildcat is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-17-2006, 09:29 PM   #12
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Re: Now watch gasoline prices can you say 4 dollars a gallon

Quote:
Originally Posted by Laurence
I'm not sure I follow, how is the ~80 cents a gallon they collect affected buy the market price of gas? They working on a percentage?
Not sure if gasoline tax is a percentage of the price per gallon in most areas, but to the extent that gas is more costly, so are all its derivative products, no? Sales tax is a percentage, so higher prices mean more sales tax for the state. Hopefully some of that gets spent wisely (yeah right :).

OK, so it's a stretch. I'm a "glass is half full" kind of guy.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-18-2006, 03:38 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: Now watch gasoline prices can you say 4 dollars a gallon

every time oil and gas go up im making enough in my energy sector funds to buy lots more gas to cover many years of driving...best thing i ever did was hedge with energy and commodity funds
__________________
mathjak107 is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-18-2006, 09:31 AM   #14
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Now watch gasoline prices can you say 4 dollars a gallon

Whoo-hoo, warp speed, Mr. Sulu!

In London, Brent crude for June delivery at the ICE Futures exchange also hit an all-time high of $72.20 a barrel, before easing back to $71.91 — a 45 cent increase from Monday’s close.

On NPR this morning (best radio on the planet IMHO, BBC close second) an "expert" said we're going to see $100 oil soon, no question in her mind.
__________________
laurence is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-18-2006, 09:48 AM   #15
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: Now watch gasoline prices can you say 4 dollars a gallon

More doom and gloom. It's already been discussed 8 months ago. Didn't come true then either (yet).

http://early-retirement.org/forums/i...p?topic=4066.0

Eventually, it'll probably happen. Problem is, do we hit $1 or $2 again before we hit $4? Will it take 10 or 20 years?

Remember if you have a diversified equity portfolio, you probably have ~10% of your portfolio in energy sector stocks already (based on the composition of SP500 or Total Market Index).

__________________
justin is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-18-2006, 09:55 AM   #16
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Now watch gasoline prices can you say 4 dollars a gallon

Spooky, Justin! It's like Deja Vu all over again! Even the thread name!

And thanks for answering a question I asked on a different thread wrt S&P and Oil stocks.
__________________
laurence is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-18-2006, 09:59 AM   #17
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: Now watch gasoline prices can you say 4 dollars a gallon

Quote:
Originally Posted by Laurence
And thanks for answering a question I asked on a different thread wrt S&P and Oil stocks.
If you want to google it and see some better percentages, Vanguard had an article about it. They had a breakdown for most of their index funds and most of them were 8-11% in energy stocks. That made me feel a little better about not catching the ride-up in the energy funds (even though I caught a little slice of it).
__________________
justin is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-18-2006, 10:07 AM   #18
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,074
Re: Now watch gasoline prices can you say 4 dollars a gallon

Quote:
Originally Posted by justin
If you want to google it and see some better percentages, Vanguard had an article about it. They had a breakdown for most of their index funds and most of them were 8-11% in energy stocks.
Vanguard fund energy percentages as of July 31, 2005:

http://early-retirement.org/forums/i...83979#msg83979
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-18-2006, 10:12 AM   #19
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,074
Re: Now watch gasoline prices can you say 4 dollars a gallon

Quote:
Originally Posted by Laurence
Spooky, Justin! It's like Deja Vu all over again! Even the thread name!
I don't believe in coincidences. My theory is you girls are sisters who were separated at birth.

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Now watch gasoline prices can you say 4 dollars a gallon
Old 04-18-2006, 10:14 AM   #20
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: Now watch gasoline prices can you say 4 dollars a gallon

Thanks REWahoo.

Here's the link to the original Vanguard article.

http://tinyurl.com/h4vrj

It's worth a read to give you some food for thought if you are thinking about jumping into oil/energy right now.

__________________

__________________
justin is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Wow 3.19.6 a gallon of gasoline before Memorial Day! newguy88 Other topics 44 05-22-2007 10:24 PM
Gasoline prices adjusted for CPI Nords Other topics 16 05-06-2007 12:35 PM
Gasoline prices and the BS that newspapers write. newguy88 Other topics 30 04-20-2007 07:53 PM
It is NOT about the OIL after all doushioukanaa FIRE and Money 20 05-19-2006 01:07 PM
Congress and the Fed Erode Your Dollars Mountain_Mike Other topics 5 05-26-2005 11:53 PM

 

 
All times are GMT -6. The time now is 08:08 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.