Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

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?

22 Answers

Relevance
  • 1 decade ago
    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.

  • 1 decade ago

    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.

  • 1 decade ago

    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)

  • 1 decade ago

    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.

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    1 decade ago

    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?

  • 1 decade ago

    I won't be visiting my mother as often unless she kicks down for a tank of gas.... which she totally will.

    Everybody used to make fun of my little 2000 Honda Civic Coupe saying that it was a rinky-dink girly car.... well, I'm the one laughing now!!! Muhahahhaha! My little Honda gets better gas mileage than most cars, plus, it was cheap to buy AND I never have to repair anything on it AND I can abuse the crap out of it and it is still going strong! Ha! I can walk to work, so it's no big deal.

  • Anonymous
    5 years ago

    that's a tremendous idea, yet i do not imagine that we are on the mercy of OPEC - there is fairly some call for from China and India it truly is also pushing prices up. also, as long as Bush is in ability, there'll be threats to the oil provide (actual or imagined) which will also keep prices intense. have self belief me, this is in Bush's interest to keep prices intense - have you ever checked the cost of Halliburton inventory at the moment? this is gone from $20 to $80 interior the perfect 3 years - which could inform you what Bush's actual motivations are. 3 days can be a physically powerful initiate, yet it truly is it - only a initiate. in case you prefer to break all and sundry in contact interior the ability market (that's a mixture of OPEC, GM, Bush all operating at the same time to keep call for and hypothesis intense), then you truly've were given to attempt to modify your way of life completely. preserve, force a lot less, force a smaller automobile in case you could manage it, warmth your position a lot less, do not turn the AC on finished blast, and seem for selection ideas to commute and use ability. as an get at the same time, the fee of photo voltaic ability is intense today, yet as further and further human beings seem to utilising it, this is going to grow to be a pragmatic selection.

  • 1 decade ago

    $200/barrel crude=invitation for the world economy to fall apart if it happened it less than a few years. It won't impact my life since I'm not an average poor guy who knows that I don't deserve to drive, but it will impact power plants, shipping, and anything else that needs fossil fuels.

  • 1 decade ago

    Ouch...too stressful to think about it. Even though the possibility of it happening is probably going to approach us sooner rather than later.

    I think I would have to cut back on a lot of unnecessary spending even though I'm already doing that. Regardless if my vehicle is fuel efficient, I still think it'll impact me considering that that the cost of groceries has gotten expensive.

    I guess I would go on that diet that I've always talked about....

  • Anonymous
    1 decade ago

    I won't be using gasoline to wash parts or start the brush piles on fire. Other than that, not a big problem. Just inflation.

    How about those skyrocketing taxes?

Still have questions? Get your answers by asking now.