Cheap Gas

**mj4cy** · 11-24-2008, 06:58 AM

It'll go back up. I love the prices, but am not optimistic it will stay like this.

**erikbj** · 11-24-2008, 07:22 AM

Originally Posted by brianhos

Just think, you are buying twice as many shares right now! Once the fundamentals of the company return, the stock prices will follow.

not if you are down a million bucks or so and don't have any more to put in the market now. now your retirement just got pushed back 5 years.

**erikbj** · 11-24-2008, 07:23 AM

Originally Posted by Aclone

I'm wondering at the people who bought a vehicle with that $2.99 gas guarantee. Think they feel good about that now?

I bought a Cayenne for $15K below blue book over the summer when gas was over $4. Now getting 14 mpg doesn't seem so bad.

**cmoneyr** · 11-24-2008, 08:16 AM

Originally Posted by ISUFan22

And, sheep are flocking back out now to buy SUVs

Yes, we have an SUV

Ha

**cycloneworld** · 11-24-2008, 08:21 AM

On the way to Manhattan this weekend, we got gas at $1.49 around KC. I never thought we would see those prices again.

While I don't think gas will stay this low, I don't think it will be $3-$4 on a regular basis either.

**DevilDog** · 11-24-2008, 09:44 AM

When we left Arrowhead yesterday saw a gas station at 1.38 to bad we were already full.

**CyPlainsDrifter** · 11-24-2008, 09:52 AM

Originally Posted by isucyclone4

Gas will be like $5+ next summer. just wait. It always happens.

I doubt it...... I read the other day that oil futures are selling for ~$80/barrel eight years out. If the oil companies buy heavy into the futures to hedge costs, we shouldn't see any more $3-4 gas for a decade.

**CYdTracked** · 11-24-2008, 10:05 AM

Even at $4 a gallon that wasn't enough to do something drastic like trade in for a more fuel efficient car. Why put yourself into more debt just to save a couple extra bucks in the short term at the pump?

I'm still able to afford everything I was a year or 2 ago, it's called making sound financial decisions and being smart with your money. I'm not retiring any time soon so yeah it sucks I've lost some in my 401K but it's long term investing. The money you are putting in now at a lower price should earn well when the markets rebound. I don't invest heavy in stocks so I've seen minimal damage in that aspect too so as long as I don't make any stupid and drastic decisions the lower gas prices is just a bonus and technically just an extra night a week I can afford to eat out now.

I personally think a big part of our economic problems right now are people that are making drastic decisions and over-reacting to the markets. That is not helping things recover at all when people are pulling what they have left in long term investments in fear that they will never recover it later.

**Knownothing** · 11-24-2008, 10:25 AM

It forces change that will happen inevitably at some point in the future.

When is this ever a good idea?

Try doing it with a girl sometime. I bet forcing her to do it now cause it's going to happen won't work very well.

**Wesley** · 11-24-2008, 10:27 AM

I refuse to drive until it goes under a buck.

**BryceC** · 11-24-2008, 10:32 AM

Are you guys on crack? You want something you have to buy cost more? I hope gas stays at 1.50 for the rest of my life and people have the option to choose what they want to buy. Granted I think reducing foreign oil consuption is a national security problem so it should be reduced but to hope something stays high during a crap time in the economy is mind boggling to me.

**CyPlainsDrifter** · 11-24-2008, 10:50 AM

Originally Posted by BryceC

Are you guys on crack? You want something you have to buy cost more? I hope gas stays at 1.50 for the rest of my life and people have the option to choose what they want to buy. Granted I think reducing foreign oil consuption is a national security problem so it should be reduced but to hope something stays high during a crap time in the economy is mind boggling to me.

+ rep for you my friend!

**rworkman83** · 11-24-2008, 11:06 AM

Originally Posted by DevilDog

When we left Arrowhead yesterday saw a gas station at 1.38 to bad we were already full.

I was at the game as well! Go Bills baby! Gas right across the street was $1.41. I couldn't believe it was that cheap right there.

**Wesley** · 11-24-2008, 11:23 AM

I suspect the ethanol plants will be closed up - they cannot compete at low levels.

**Cardinal2001** · 11-24-2008, 11:27 AM

Originally Posted by BryceC

Are you guys on crack? You want something you have to buy cost more? I hope gas stays at 1.50 for the rest of my life and people have the option to choose what they want to buy. Granted I think reducing foreign oil consuption is a national security problem so it should be reduced but to hope something stays high during a crap time in the economy is mind boggling to me.

Notice that one person who approves of high gas prices also is not affected by the price. Nothing like making everything you don't buy more expensive, so everyone else pays the bills. I'd be willing to bet somebody's attitude would change if they were subject to rising gas prices. Like it or not, oil is the method of powering transportation.

Anyone know what happened to the stock prices for the windmill company in Newton? Or if production is down?