How will $6.00 per gallon gas impact you?
Some wall street and oil industry analysts have said oil may reach $200 per barrel later this year. That translates to $6.00 for a gallon for gasoline. How will that impact your life?
Some wall street and oil industry analysts have said oil may reach $200 per barrel later this year. That translates to $6.00 for a gallon for gasoline. How will that impact your life?
colder_in_minnesota
Favorite Answer
I already drive as little as possible. I think I'd encourage my fellow employees to see about persuading our employer to look at creative scheduling solutions, e.g,, 4 ten hour days instead of 5 eight hour days, or working from home one or two days a week. We have the technology. We only need the will.
mycathouse
Not at all. I gotta do what I gotta do... I can't exactly fit four kids and all our ski equipment on the back of a Vespa.
Actually, that's not 100% correct. We live a good 25 minute drive from my favorite shopping area. I'm definitely trying to limit driving by planning my errands more carefully so I get a ton done in one day and not need to drive all the way back there repeatedly through the week.
In the US, unless you live in a city, public transportaion often stinks, so it isn't even an option for me in the suburbs. I do wonder if our public transportation will improve now so we can really limit our driving easily, like they do in other parts of the world.
Invisigoth
I would keep the car filled up.
I already arrange my errands so I can keep the running down to a minimum.
I live and work in an area where there is no public transport and I have an odd schedule so public transport and car pooling to work is not an option.
I may wind up doing more telecommuting more(I do have that option, if there is someone in the office who can fax the papers I need for the day)
When I have to go into the city I will most likely go the park and ride route (it's cheaper than driving in and paying for parking) or I will check to see if friends or family will be running errands where I am going and toss in gas money with them to run. (yes it is easier for me to carpool my errands than it is to carpool to work)
I'll keep up the maintainence on my little 2000 escort until it is more economical for me to get a newer car--I'm looking at a Honda Civic--doesn't have to be a hybrid--I do a lot of highway driving and not city driving so I'm not sure the extra cost would work out to be more fuel efficient for me)
guy77015
When the prices of oil raises the prices of other goods and services will raise too. Every product made is transported and the cost of transportation will be transfer to the product that consumers buy, so the raising cost of oil will affect everyone directly or indirectly. I'm not driving much today and I'm suing my bicycle to go to the bank and move around my area. One good thing about the raising price of oil is that the government will increase effort to find alternatives to oil and sooner than later we will have different types of alternative energies.
Anonymous
Not much at all. The price of fuel and food is a very very small portion of my household budget.
I was smart enough to go to school and get a decent paying job.
The shame is all the people who have lived beyond their means and now the chickens are coming home to roost. Did they really need that $500 lease of that Ford Expedition, when a $199 lease on a Ford Focus wagon could have done the same thing? Did they really need to get that variable rate mortgage for that McMansion when they could have gotten a fixed rate 15 year mortgage on a Cape Cod instead?