Bring It On!

9 Out Of 10 Say High Gas Prices Will Cause Serious Hardship

June 30th, 2008 | by Ken Grandlund |

Can I get a “No Shit Sherlock” from the group?

A recent AP-Yahoo poll shows that consumers don’t have a rosy outlook for their financial futures any time soon. Because of high gas prices.

From cancelled vacations to finding new jobs, people are struggling to cope with the high price of fuel. And they don’t think that current high prices are going to reverse course anytime soon.

“Do you think there’s an end in sight? I don’t,” 33-year-old Angela Crawford, a Dallas homemaker, said in an interview. “It’s depressing and it makes you nervous.”

“We just don’t do as much,” said William Fisk, 39, a former dishwasher in Freeport, Maine. “We used to go out to have dinner, but we’re cutting way back on that.”

“My parents said, ‘Come down, spend a week with us,’” said Julie Jacobs, 35. “But when you add on the expense of gas, it’s just not worth it.”

In fact, things are getting so tight, that some Nevada businesses are offering customers gas cards as incentives to keep coming in.

Oil price hikes are a direct result of the Bush policies in the Middle East. They are also a result of higher demand for oil in developing nations. They are also high as a result of financial speculators. The beating of war drums around Iran now has gas prices soaring higher.

The era of cheap transportation based on oil is coming to an end, and may be here already. The transition will cause us all to rethink many things about the way we live our lives. We are woefully unprepared as a nation.

Happy Monday.

(cross posted on Common Sense)

 

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  1. 10 Responses to “9 Out Of 10 Say High Gas Prices Will Cause Serious Hardship”

  2. By rube cretin on Jun 30, 2008 | Reply

    thanks ken. Finally we are beginning to get some awareness of the oil problem. Wish one of you guys would post something on this thing called Peak oil. what is that all about? How likely is it? Will technology save us? Is it going to change our life styles? Does it have anything to do with what many consider to be a resource war for oil in Iraq? Hell, even Greenspan admitted the war was all about oil. I’m confused but there seems to be correlation between rising oil prices and the wheels coming off the wagon everywhere. Thanks for you post and in advance for your analysis.

  3. By Ken Grandlund on Jun 30, 2008 | Reply

    Rube-

    A while ago you left some links about peak oil and such, and i’ve been reading them as i can. I do plan to write something a bit more indepth sometime in the near future, but for now, all i can do is keep reminding folks about the need for serious thinking about the coming future as oil prices force the change we as humans seem reticent to do on our own.

  4. By Homer on Jun 30, 2008 | Reply

    As we all know, there is nothing we can do to control the prices at the pump. Cutting back on driving and making only necessary trips is the way to conserve. I also stumbled across a website that talks about fixed price gasoline. GasBankUSA, http://www.gasbankusa.com has a plan to lock in a price for gas even if the price goes up.

  5. By steve on Jun 30, 2008 | Reply

    Ken:

    How do you feel about this bullshit, 60 cent mark up on gas California has over the rest of the country… I only see 3.90’s on the road, we haven’t seen that since what February? I am seeing almost 5 up in no cal for super… (stupid European sports cars with their high performance motors)

  6. By Liberal Jarhead on Jul 1, 2008 | Reply

    …And stand by for the usual mysterious holiday weekend price hike on the gas that’s already bought and paid for by the oil companies and in the tanks under the gas stations, accompanied by mumbo-jumbo about dangers to some pipeline somewhere in the world or inadequate refining capacity or something similar. That will then be followed by a lot of harumphing in Washington about investigating price-gouging, which will then disappear without follow-up. And prices will drop a few cents per gallon, only to climb again at Labor Day and crest higher than on this weekend, etc.

    The markup in California is crooked, since they drill and refine a lot of the gas right there and don’t have to transport it as far as they do to places where they sell it for less.

    Meanwhile, of course, the people who are really getting hurt by this are the elderly or disabled living on fixed income and watching the costs of cooling or heating their homes grow until they exceed their rent or mortgage payments (that’s already happened to one person I know here.) When the energy utility asks for a rate increase here, the PRC just rolls right over for them.

    It will never happen, but this situation cries out for the energy industry to be nationalized. The way they run home energy as a system of supposed utilities is better than the gas stations, but still not good enough.

  7. By Andrew on Jul 1, 2008 | Reply

    I have a good way to combat these high prices, if we try and show Big Oil that each American can make difference. If everyone decides together to boycott one company, Exxon Mobil, the entire industry will listen.

    I’m part of a campaign to boycott Exxon Mobil, the current leader in profits during this energy crisis. It is hosted on The Point, a new social action website. Check it out here thepoint.com/campaigns/send-a-message-to-the-oil-companies

    Hopefully, we can all do something about this terrible injustice

  8. By christopher Radulich on Jul 1, 2008 | Reply

    Republicans also blocked another central goal, known as the Renewable Portfolio Standard, that would have required electric utilities to produce at least 15 percent of their power from renewable fuels by the year 2020.

    Then the are the mpg increases that the republicans have fought for years. Interesting that if the had enacted higher targets over the years our car companies might no be a bad off as they are today.

  9. By steve on Jul 1, 2008 | Reply

    LJ:

    Your statement about gas being in the ground before the weekend is wrong. Those trucks carry 8000 gallons of gas. Average station does 100,000 gallons in sales. That means at least every two to three days there is an order coming in. If they do a quarter million a month in gas which is above average but not uncommon then you are getting a tanker as much as twice a day. Therefore, when we all head out Wednesday early to start filling up, by Friday, every station will have gone through at least a couple of loads of gas which is a huge upswing in demand. Then there is shrinkage…http://www.rfidsb.com/showthread.php?t=393

  10. By Ken Grandlund on Jul 1, 2008 | Reply

    Steve-

    I think we get screwed here in CA with our gas prices- not only do we refine a bunch and pump a bunch here, but they screw us with prices too. Sure, we have a different “formula” here, so that is one of their excuses, but mostly it’s just screw you California.

    In AZ prices are in the low $4 range…don’t know about elsewhere really. I think Hawaii has pretty high prices too.

  11. By rube cretin on Jul 1, 2008 | Reply

    read this. we ain’t seen nothing yet.
    http://www.tmcnet.com/usubmit/2008/06/27/3521248.htm

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