Author Topic: rpm might be right about $3 gallon by Labor day (Read 1322 times)

Ripsnort · « **Reply #45 on:** August 30, 2005, 12:08:46 PM »

Quote

Originally posted by Mustaine
what really sucks, if this info is correct (might not be reliable source, but i think the data is right) is Wisconsin has the highest per gallon tax in the nation @ 31.1¢

http://www.wisconsingasprices.com/tax_info.aspx

WTF is wrong with my POS state?

Democrats.

Chairboy · « **Reply #46 on:** August 30, 2005, 01:10:59 PM »

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Originally posted by Ripsnort
Democrats.

Interesting, Wisconsin's senate has 19 Republicans and 14 Democrats. The Governor is Democrat, the first in decades.

Mustaine · « **Reply #47 on:** August 30, 2005, 01:29:29 PM »

Quote

Originally posted by Chairboy
Interesting, Wisconsin's senate has 19 Republicans and 14 Democrats. The Governor is Democrat, the first in decades.

but this is the first time in recent years IIRC that the democrats did not control the state house/senate.

Mighty1 · « **Reply #48 on:** August 30, 2005, 01:37:08 PM »

Well Indianapolis just went up to $3.59. Up almost $1 since the weekend.

Funny how the countries we get oil from are throwing up their arms and saying "It's not us this time".

Last I heard from our oil companies on why the prices are going up is basically "Because whe can".

Ripsnort · « **Reply #49 on:** August 30, 2005, 01:43:31 PM »

Quote

Originally posted by Chairboy
Interesting, Wisconsin's senate has 19 Republicans and 14 Democrats. The Governor is Democrat, the first in decades.

Introduced by Representatives Black, F. Lasee, Ziegelbauer,
Gundrum, Pridemore, Turner, Pope-Roberts, Cullen,
Sinicki, Krusick, Van Akkeren, Lehman, Pocan, Wasserman,
Boyle, Benedict, Berceau, Zepnick, Kessler and Vukmir;
cosponsored by Senators Carpenter and Coggs.

Quote

ASSEMBLY BILL 303 : 1985:
The so-called gas tax "indexing" which automatically increases our gas tax on April 1 of every year. Since 1985, this automatic tax increase mechanism has raised the gas tax by 8.3 cents, costing taxpayers over $200 million a year.

Drifter1234 · « **Reply #50 on:** August 30, 2005, 02:59:33 PM »

Wholesale prices just hit $3.15 for gallon of unleaded today here on the Gulf Coast.

We are seeing big shortages. Gas stations selling out in hours.

Suppose to be limited supplies for next 3 weeks. Heard gas will go up $.60 to $.80 by Thursday.

rpm · « **Reply #51 on:** August 30, 2005, 07:57:09 PM »

Rip, I don't care if there are Democrats calling for use of the SPR. They are idiots, too. The SPR should be hands off. What will happen if the price does not drop after it is used because another Hurricane hits the Gulf, a refinery explodes or OPEC decides to curb production? You are left without the SPR if a REAL emergency happens. It's not designed for consumer comfort.

SkyWolf · « **Reply #52 on:** August 31, 2005, 06:57:46 AM »

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Originally posted by rpm
What will happen if the price does not drop after it is used because OPEC decides to curb production?

We attack them?

SkyWolf · « **Reply #53 on:** August 31, 2005, 07:39:02 AM »

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Originally posted by Ripsnort
Certainly not economics class....possible here?

If you are refering to my comment, what I was saying was that if we are going to be ACCUSED of going to war for oil... then at least I would like some of it. Not a particularly Liberal viewpoint IMO. I think we should have it all shipped here. We need it and we freed it. Regardless of what you may believe, you'll have a difficult time labeling me as Liberal or Conservative. Just because I don't let Rush tell me what to think does not mean I let anyone else do it.

Westy · « **Reply #54 on:** August 31, 2005, 08:03:28 AM »

"I don't let Rush tell me what to think"

Man, the neocons on this board are gonna target you now

Zoooo?Yooze ist nicht einen Rushling? Warum bist du hatezensie Amerika!!!

Mustaine · « **Reply #55 on:** August 31, 2005, 09:11:20 AM »

we are over $3.50 in WI now.

Ripsnort · « **Reply #56 on:** August 31, 2005, 09:15:25 AM »

Quote

Originally posted by SkyWolf
If you are refering to my comment, what I was saying was that if we are going to be ACCUSED of going to war for oil... then at least I would like some of it. Not a particularly Liberal viewpoint IMO. I think we should have it all shipped here. We need it and we freed it. Regardless of what you may believe, you'll have a difficult time labeling me as Liberal or Conservative. Just because I don't let Rush tell me what to think does not mean I let anyone else do it.

Can you not read?
I quoted swager...

Rush? The band? Don't diss Rush, they are one of the greatest bands of all time. You SHOULD listen to them. Fine music.

Edbert1 · « **Reply #57 on:** August 31, 2005, 09:49:24 AM »

...and the words of the prophets were written on the studio walls...

BigGun · « **Reply #58 on:** August 31, 2005, 10:47:08 AM »

Problem with Gas is it has a very inelastic demand. Prices go up, demand doesn't drop that much. It may cost an extra $100 or so a month for fuel if price is above $3, most with disposable income will just adjust & not decrease demand at all. It is the people with less disposable income which will end up decreasing demand. All of a sudden that buck bus ride that takes an extra 45 minutes to get to work might be an alternative.

As to those big gas guzzling SUVs, sometimes there is a need to have one. I know i hate to fill my wife's up...damn 44 gallon gas tank! Of coarse I drive some German car & pay up for premium..not sure which is worse.

Ripsnort · « **Reply #59 on:** August 31, 2005, 10:51:23 AM »

Quote

Originally posted by BigGun
Problem with Gas is it has a very inelastic demand. Prices go up, demand doesn't drop that much. It may cost an extra $100 or so a month for fuel if price is above $3, most with disposable income will just adjust & not decrease demand at all. It is the people with less disposable income which will end up decreasing demand. All of a sudden that buck bus ride that takes an extra 45 minutes to get to work might be an alternative.

As to those big gas guzzling SUVs, sometimes there is a need to have one. I know i hate to fill my wife's up...damn 44 gallon gas tank! Of coarse I drive some German car & pay up for premium..not sure which is worse.

Here is the kicker:
Inflation, cost of groceries, consumer goods all go up in price. American consumers remain the growth engine for many exporting countries, those countries could be in serious trouble...

Get ready for a rough road, Europe. Particularly Germany, whos unemployment rate already exceeds 11%.