bamboogrrrl
Dryer sheet aficionado
- Joined
- Nov 30, 2004
- Messages
- 33
Oy, I paid $3.59/gallon this morning in NY...
I think that you won't see a behavioral change until gas consistently costs more than bottled water.uncledrz said:At what price will we as a nation start to use less? Or is gas (and the transportation freedom it allows) simple not price elastic and we will continue to use it at the same rate no matter what the price?
uncledrz said:At what price will we as a nation start to use less? Or is gas (and the transportation freedom it allows) simple not price elastic and we will continue to use it at the same rate no matter what the price?
There may be a small reduction coming from a small group of people if gas stays as high as it is right now. For people driving 20k miles per year or more and a car with mid-teen gas mileage, the cost increase from $1.50 to $3.00 can amount to a couple of thousand dollars per year. To some low income people, that might cause them to change habits at least a little.uncledrz said:. . . At what price will we as a nation start to use less? . . .
Alan said:So I think possibly attitudes will change eventually but it will take gas to be at the $5+ price for a long time.
OldAgePensioner said:During my stay, I drove a used 1.2L Corsa fomerly used by BSM. Got petrol at US prices using Navy coupons. They ran out one month and one fillup on the Brit economy was enough to induce panic.
I never understood how the locals could drive. Even in 2000-2005, it was $5-6 dollars a gallon. Then, I learned that a lot of Brit companies give cars and gas as perks. But what about a pensioner. Egads.
Alan said:When you bet on a horse race you can opt to pay the tax on the bet or on the winnings. Most people choose to pay the tax on the bet to avoid paying tax on their expected windfall.
Marshac said:That is awesome. The IRS should do this for the Lotto.
I read this morning that "Americans used 4% less gasoline amid skyrocketing pump prices last week than they did the week before Hurricane Katrina hit, the federal government reported. But whether that indicates consumers have decided to conserve or merely that they couldn't find all the gasoline they wanted isn't clear."uncledrz said:At what price will we as a nation start to use less? Or is gas (and the transportation freedom it allows) simple not price elastic and we will continue to use it at the same rate no matter what the price?
"(But) I would be very surprised if we didn't see gasoline prices come down over the next six weeks to the $2.60-$2.80 level
AltaRed said:Independent stations such as 76/Circle K buy gasoline on the spot market from refineries rather than under firm contract are the first to either run out of supplies period, or supplies at an acceptable price. When gasoline is plentiful, no problem. At other times, no supply.
Also, until the pipelines pumping refined product to the Southeast are back in service, the Southeast will be short. There are no other ways to getting large quantities of gasoline to that part of America. That's the price to pay for all those Floridians, Carolinians, etc who do not want industrial ports on their coasts. The NIMBY syndrome has consequences.
justin said:Our pipeline to NC is back up, close to 100% of pre-Katrina capacity. And what Bogart said, we have two ports in NC. We also have railroads and interstate freeways that allow freight movement to/from our state.