posted on August 12, 2005 06:53:23 PM
$3.00 a gallon for diesel as of today!!!!!!!!!! so that's why it's 4 bottles of litre bottled Coke, Pepsi NOW for $5.00.....no more .98 and singles are $1.19......
eat more beans,,,,,America NEEDS the GAS......
Guess who's winning the WAR,,,,,,,The GAS Companies.
Space is Valuable. It's later than you .
[ edited by jackswebb on Aug 12, 2005 07:02 PM ]
posted on August 12, 2005 07:04:23 PM
The same thing is happening in Canada. The next thing will be mail prices going up! We already pay a gas surcharge here.
posted on August 12, 2005 07:32:26 PM
Think it is called the ripple effect. Everything will be going up in price - except the stock market whch goes down.
buyhigh
posted on August 12, 2005 07:33:37 PM
It will FORCE Everything to go up.....outlying Real Estate however,noseeeeeee diving.....If it costs too much to drive back and forth,,,time will tell........
posted on August 12, 2005 07:39:16 PM
Looks like I'll have to DUMP the Mercedes. and now the Mercedes market will quickly CRASH......AMERICA moves on DIESEL,,,,Trains,,,Semi's,,,,,,The Diesel fuel dealers just sit back and Laugh.....$$$$$$$$,, but they are Killing our economy.......
Ah , what do I know?
I know I really don't have a MERCEDES and I DO have a BUYER for my DIESEL Truck! We'll yesterday I did I HOPE he pays NO attention to the PUMPS....
posted on August 12, 2005 07:40:04 PM
W0w that is cheap. wish we could get it that cheap. we pay $4.35.us.a gallon for diesel. in australia.or $5.73.aus.
posted on August 12, 2005 07:43:42 PM
Thanks for throwing MORE Diesel on the FIRE!!!!!!!! the LAST thing WE want to hear is HOW cheap ours is compared to you,, you guy are on an Island,, a BIG ONE but one just the same......
posted on August 12, 2005 07:48:22 PM
The higher prices are going to have an impact on ebay and the economy.
Look for a slowdown in December when the heating bills come in along with the $3.00 a gallon fuel prices.
People bought larger houses and larger cars than they needed hoping the cheap energy would last. Now they are going to have to pay much more for energy and the costs to move products from seller to buyer than they expected.
posted on August 12, 2005 07:52:57 PM
<<Think it is called the ripple effect.>> Buyhigh, you might want to edit the mispelling in your post. I'm sure you meant to type "the ripoff effect" instead of "the ripple effect".
A $75.00 solid state device will always blow first to protect a 25 cent fuse ~ Murphy's Law
posted on August 12, 2005 08:01:42 PM
I think I'll go over to a pump and re read those stickers on the pumps,,,, you know the ones that say WHERE the money is going......City, County, State, FEDS,,,course they can raise the prices FASTER than they can PRINT those stickers so the they may well be from LAST year......
posted on August 12, 2005 08:14:06 PM
OH,,,,,,,,,,,,MY ,,,,,,,,,GOD,,,,,,,,,$3.07..........diesel.......just THIS minute,,,,,,,and Nope no stickers on those pump,,,,
posted on August 12, 2005 08:21:20 PM
Your welcome jack. none of us need these high prices as i am sure you will agree. just out of interest. 60% of our fuel price is tax that the govt collects. not the fuel companys. and before you say it, fuel companys are way too greedy too.
posted on August 12, 2005 08:23:48 PM
::Think it is called the ripple effect. Everything will be going up in price - except the stock market whch goes down.::
And the dollar goes down which means more favorable exchange rates for those who sell on ebay UK. This same trend hit about the same time last year. Around Chirstmas I was getting about 1.90 a GBP, last month it was 1.63, this week it started creeping back into the high 1.7s
If you haven't explored UK listings, now's a good time to try.
~~~ • ~~~ • ~~~ • ~~~ • ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
posted on August 12, 2005 08:57:55 PM
Gotta JUMP with the times,,,,and as soon as I Sell the 1986 Diesel,,,,,,I just found a 92,,,gonna GRIND like CRAZY on this seller,,,,$3.07 a gallon...How many miles did you say?? Cheaper, MUCH cheaper......?how many miles per gallon did you say? 7? OH MY GOD!!!! But he really said, Oh like 12, hahahahahahahaha,,,,,,,,,,in your DREAMS buddy,,,,,been driving A LONG time.......7-8 on a LUCKY day.....I,,,,,,,have a Job for this truck......
posted on August 12, 2005 09:19:31 PM
Jack...Do just like the major carriers do. Base your cost for the use of that truck on the price of diesel 12 months ago. Then add a fuel surcharge to the price to reflect today's cost of fuel. Be ready to tweek the surcharge up or down weekly on a specified date. I am absolutely astonished that FedEx has not added a surcharge. They have absorbed a lot of expense in the last 6 months. I look for them, as well as UPS to do it very soon. It would not surprise me to see the USPS do it also on parcels. It takes a year or two for the P.O. to increase rates, but they can institute an emergency fuel surcharge in 7 days.
A $75.00 solid state device will always blow first to protect a 25 cent fuse ~ Murphy's Law
posted on August 12, 2005 09:26:02 PM
Go to Craiglist.org,,,,,, San Diego,,,,,cars and trucks,,,search WANTED,,,,,,86 up,,,,If any of you are in the LOCAL So. Cal area,,,,I want MORE trucks,,,,see my ad....thanks!
edited,,,,I meant 86 up,,,,,hahaha, I play it from BOTH sides,,,,,
posted on August 12, 2005 09:49:30 PM
With higher oil prices comes accelerated inflation and the feds usually keep pace by raising interest rates. The entire cost of doing business worldwide goes up. Even factories in China will have to raise prices on all their plastic junk.
buyhigh
posted on August 12, 2005 10:41:15 PM
buyhi, yer right, i forgot,,,,,,those SHIPS, they burn DIESEL,,,,,,,,BUT,,,,,,,boats get cut rates,,,,,Even in Newport beach,,,,,,Some WERE buying off the docks and re selling to CAR owners,, A BIG ,,,no no , of course, they WERE Caught.......
posted on August 13, 2005 07:14:31 AM
We're lucky - our gas price is only $2.45/gallon here right now (regular/unleaded). Husband drives 52 miles each way for work! It is quickly adding up.
Did the math this a.m. to see if buying a hybrid which gets 45 miles/gallon would make a big impact, but it doesn't - only about $100/month savings. Not worth the $380 car payment right now.
When those winter heating bills start hitting - you guys are right - it's going to be ugly!
~~~~~~~~~~~~~~~~~~ Caroline
posted on August 13, 2005 09:49:03 AM
I'm trying to save as much money as I possibly can. I can see it happening now ...
All of the people that took advantage of the low interest rates and bought homes financing with a balloon mortgage rate are going to find themselves in alot of trouble if they aren't planning ahead. I predict that there are going to be tons of foreclosures to take advantage of (hopefully before the interest rates climb back up). I also think that in the next 5 years interest rates are going to skyrocket again and the bottom is going to drop out of the real estate market. It'll be a buyer's market again.
As for the gas and oil prices, low and middle classes will probably be switching to economy cars. If I had the money to invest, I would buy stocks in car companies that are selling hybrids and other such economy cars. I think the stocks will probably split within a year or two.
The country can't keep going in this direction without landing in a recession (if we aren't in one already).
The foreclosures will probably come after interest rates have risen, but perhaps not all the way.
I read somewhere that more than 50% of new mortgages and re-fi's are adjustable rate, and a good percentage are interest only. This is going to end bloody.
posted on August 13, 2005 10:31:27 AM
"We're lucky - our gas price is only $2.45/gallon here right now (regular/unleaded). Husband drives 52 miles each way for work! It is quickly adding up."
Yup!
My wife was driving 42+ miles each way a day (6 days a week). She asked for either a store closer to home or a fuel allowance. Of course they laffed and turned her down. So she got new job that is easier, pays as well and is 5.5 miles away. Her old company whined when she left but we are saving $156 a month just in fuel (Not counting wear and tear in car and tires)
posted on August 13, 2005 10:34:01 AM
Diane, re: "The country can't keep going in this direction without landing in a recession (if we aren't in one already)."
It turns out that technically, even the last recession wasn't a recession. However, the technical definition doesn't matter, just as the unemployment rate doesn't matter to someone without a job, or who is under-employed.
My wife and I (she is still, and I was, in the IT industry) have seen many people laid off. For example, a senior DBA making $120k (these are NY rates) gets laid off and finally gets re-hired after 9 months at $70k. Even in this area, you can live on $70k, but you live differently than you do on $120k. But, the employment numbers don't reflect you as anything but fully employed. However, the incomes of the restaurants/waiters/waitresses go down, because you no longer dine out as often, the landscaper because you now mow your own lawn, the cleaning lady you had to let go, etc. THAT's the real "trickle down" theory of economics, not the bogus tax cut for the rich that will supposedly trickle down to the waitresses.
An economics professor I had once told the class that there are really just two employment rates: 100% if YOU have a job, 0% if YOU don't have a job. Everything else is bogus.
I am not personally complaining; I had a great job that I gave up voluntarily, and my wife still has a great (but very stressful) job. But I see many people, even in our affluent town, who are beginning to struggle "around the edges."
People are spending (via home equity loans) their paper profits on their house. It can only go from being paper to real profit if you sell your house. If the market becomes full of distressed properties (i.e., near or actual foreclosures), nobody is going to "hit the bid" for your "full-price" home. And if that happens, and more and more people are upside down (i.e., they have borrowed more than they can sell the house for), it will only flood the market with additional price-reduced houses, which cranks the downward spiral a little tighter.
Me, I'm glad that I bought my house 10 years ago when prices were more reasonable. I have no intention of selling. We're planning an addition right now because my wife really wants to do it. If it were my decision to make alone, I would wait until builders are begging for business (next year, the year after, whenever) rather than now, when they can charge premium prices. But, my wife really wants to do it now, and I find it difficult to say no to someone I love so much. My bad
posted on August 13, 2005 11:11:37 AM
::I read somewhere that more than 50% of new mortgages and re-fi's are adjustable rate, and a good percentage are interest only. This is going to end bloody.::
They were sayingtoday that in California it's 72%.... Insane!
~~~ • ~~~ • ~~~ • ~~~ • ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
posted on August 13, 2005 11:35:44 AM
Gas prices in different parts of the country. I checked my area but I think you can select alot of big cities in the US and find the lowest or highest gas price is in these areas? Hope this helps someone
posted on August 13, 2005 11:45:35 AM
I can't even imagine what the % is in Florida, especially Miami. In the area that I just moved to, all of the apartment complexes are turning into condos. People are buying 2 and 3 at a time to rent out. What they don't realize is that the payments on a condo (with taxes, assoc. fees, etc.) are approximately $1500 a month for a 2-bedroom. People who are renting can't afford to pay that much. As a result, alot of people are going to lose their investments.
It's insanity. People just don't think of the consequences. All they see is if they go with a balloon mortgage, their payments are small for 5 years. But who knows where the country will be in 5 years when that first real payment kicks in. There are going to be alot of people filing for bankruptcy!
posted on August 13, 2005 11:47:08 AM
Now please tell me why I can't make a link out of the second item above. Can't be the "[]" stuff as I did a copy/paste and it still didn't work I'm going to try to paste it here and see if it works
posted on August 13, 2005 02:12:06 PM
parklane, LOL! Probably never; people will drive slower (which paradoxically sometimes can get more cars through, if it makes their speed less variable).
.
I HOPE he pays NO attention to the PUMPS....