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Topic:
The Price Of Gas Around the World-We are getting ripped off !
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KnightWriter
Title:
Administrator Emeritus
Registered:
Nov '01
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Date Posted:
6/6 7:33pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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chibiangi posted:
I could drive a smart car and $4.50 a gallon still sucks.
Mostly, but it would be better if it were a lot higher. Then we could finally start to see some real changes.
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Lowbacca_1977
Title: Senate Moderator
Registered:
Jun '06
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Date Posted:
6/6 7:38pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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KnightWriter posted:
Color me unimpressed by all the people driving their whaaaaaabulances. Far too many people who don't need them own SUVs and are complaining about gas prices, among other offenders. The price of gas is only going up over the long term. It's going to get much worse, most likely.
Meh, people always complain about stuff that means they don't get things they want, be it having to pay higher gas prices, houses they bought costing more than they can pay once they've moved in, or how their job doesn't give health care.
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chibiangi
Registered:
Jun '02
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Date Posted:
6/6 7:43pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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KnightWriter posted:
chibiangi posted:
I could drive a smart car and $4.50 a gallon still sucks.
Mostly, but it would be better if it were a lot higher. Then we could finally start to see some real changes.
Like?
Try living in Los Angeles without a car. You can't do it unless you're unemployed.
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mujaki na kao de boku ni hohoemu
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Lowbacca_1977
Title: Senate Moderator
Registered:
Jun '06
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Date Posted:
6/6 8:09pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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chibiangi posted:
KnightWriter posted:
chibiangi posted:
I could drive a smart car and $4.50 a gallon still sucks.
Mostly, but it would be better if it were a lot higher. Then we could finally start to see some real changes.
Like?
Try living in Los Angeles without a car. You can't do it unless you're unemployed.
I believe the point is that Los Angeles, in its current form, should not exist.
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chibiangi
Registered:
Jun '02
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Date Posted:
6/6 8:37pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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The remedy?
It's easy to say Los Angeles shouldn't exist because of its urban sprawl (really though, it is a bunch of subcities making a larger one) but what is the remedy? Ban all cars? That's not going to happen. We've seen how much money has been spent on the metrorail and is it really useful for most people? Not really. More buses? Have you ridden a bus lately? Scary.
People like to make moral judgments on other people's lifestyles without taking into account the various nuances involved. Yes, it is easy to say SUVs suck, so yay the gas is high so they will go away! But what about the person driving their 15 yr old honda civic who is just scraping by? They aren't driving a gas guzzler yet they are getting killed by the cost of gas just the same. Bussing just isn't an option for many people. I have had to take the bus to work before. It is a 2 mile drive. The bus takes 30 minutes to go 2 miles and it only comes every 40 minutes (well, two lines go the same route so technically every 20 minutes if both are running.)
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mujaki na kao de boku ni hohoemu
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Blue_Jedi33
Registered:
Aug '03
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Date Posted:
6/9 6:18pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
- Date Edited:
6/9 6:26pm (1 edits total)
Edited By:
Blue_Jedi33
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The point is that the price of gas is so different throughout the world, if EVERBODY was paying $5.00 a gallon then fine, deal with it. But when you look at that chart you see such a huge difference, and thats the point I was trying to make.
For example today
$4.03 per Gallon USA
VS
19 cents a Gallon in Venezuela
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- John Stockwell, former CIA Case Officer,
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Darth-Ghost
Registered:
Oct '03
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Date Posted:
6/9 6:46pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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Blue_Jedi33 posted:
The point is that the price of gas is so different throughout the world, if EVERBODY was paying $5.00 a gallon then fine, deal with it. But when you look at that chart you see such a huge difference, and thats the point I was trying to make.
For example today
$4.03 per Gallon USA
VS
19 cents a Gallon in Venezuela
Well all of their oil and gas probably comes from their own country, since they're one of the major exporters. Go over to Europe to see how good the US bas it compared to gas, I think they're at the equivalent of $10/gallon.
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Lowbacca_1977
Title: Senate Moderator
Registered:
Jun '06
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Date Posted:
6/9 7:15pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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I'd say there's little to no validity of comparisons to Venezuela or Europe.
For Venezuela, its gov't subsidized. Not the only country thats been doing that, but as prices have gone up, gov'ts haven't been able to afford the subsidies and some of the other countries are already getting rid of subsidies on fuel. Of course, Venezuela does benefit from the higher prices as well, so if they have to get rid of subsidies or reduce them later, it'll still take a while more to reach that point.
As for Europe, its Europe's own fault for those prices. They tax it to that. The only point that comparison makes is that the US gov't is not profiting from making gas expensive the way Europe is.
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Jabbadabbado
Registered:
Mar '99
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Date Posted:
6/10 6:54am
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
- Date Edited:
6/10 6:58am (2 edits total)
Edited By:
Jabbadabbado
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Through its gas taxation policies, the EU made a sound bet on its energy future and is now collecting the rewards. North Sea oil is in decline, so they are becoming increasingly dependent on Russian and Middle Eastern oil. At the same time however, they prepared for this eventuality by keeping the cost of gas consumption high and incentivizing energy efficiency and conservation. The result: The dollar is on its way to being worth about half a Euro.
Europe will win the oil race with the U.S. unfortunately. The reason: proximity to oil. Russian oil production may have peaked, but they are producing 10 million barrels a day and their internal consumption is still relatively low. Also, Europe has access to Russia's natural gas. This is a delicate economic and political relationship between the big customer and the big supplier, but it makes sense for both of them to continue.
And of course, Europe is closer to Middle Eastern oil as well. So the combined effect of 1) proximity to oil and natural gas supplies and 2) better national energy policies that have promoted a culture of efficiency and conservation for half a century give Europe a serious competitive edge.
The only thing they don't have is a military that can go out and park itself on top of major oil reserves.
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Ender_Sai
Title: Manager Emeritus
Registered:
Feb '01
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Date Posted:
6/13 8:14pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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Venezuela is also facing around 20% inflation. The average inflationary target set by central banks in the west is 2-3%p.a.
So the fact that ridiculously heavily subsidised oil in Venezuela exists shouldn't be a comfort to anyone.
Oil is inelastic in demand, so the end result is demand-pull inflation. Normally, price is determined by what's called the price equilibrium - the point at which buyer's willingness to buy meets producer's willingness to sell.
When demand is inelastic it's unresponsive to pricing signals and since this commodity is one we aren't able to go without, we pay more.
We've had 20 years of uninterrupted growth in the global money supply, with China dampening the inflation that should normally accompany money supply growth - we're awash with cash, addicted to oil because we don't have an alternative and so it's a sellers market.
So whilst the answer might be, yes, we are getting ripped off the point is more what do you intend to do about it?
ES
Oh, and /wave
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Mr44
Registered:
May '02
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Date Posted:
6/13 8:38pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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So, how are things going on the bottom of the globe?
Given your new line of work, do you find it annoying when people try and fit kuckaburas into the deposit slot, or have to calculate a 6% return of interest on kangaroo futures?
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Jabbadabbado
Registered:
Mar '99
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Date Posted:
6/16 12:20pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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In honor of E_S's rare appearance, I'm linking to an Economist graph:.
U.S. vehicle miles driven peaked in the second quarter of 2007 at about 270 billion miles. The question: is this going to be the all time driving peak? Will Americans ever again drive as many miles as they did in the first half of 2007?
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Blue_Jedi33
Registered:
Aug '03
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Date Posted:
6/21 8:27am
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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Ender_Sai posted:
So whilst the answer might be, yes, we are getting ripped off the point is more what do you intend to do about it?
ES
Oh, and /wave
Drive less. And my next new car will be better on gas or a hybrid, but I am not sure which one yet. I have also thought of buying a little scooter or moped, but because of rain and snow it might not justify itself.
One thing for sure is the price of gas in North America is already changing the way the middle class drives and what type of cars they purchase. I read an article the other day that said that the sales of Honda Civic's and Toyota Corolla's are way up this year. And people are driving in less. Just "going for a drive" is getting expensive. The middle class is really getting squeezed by this, commuters are the hardest hit, to the point some are considering quiting their jobs, to find one with less pay but much closer to home.
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"It is the function of the CIA to keep the world unstable, and to propagandize and teach the American people to hate and fear, so we will let the Establishment spend any amount of money on arms."
- John Stockwell, former CIA Case Officer,
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Jedi_Keiran_Halcyon
Registered:
Dec '00
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Date Posted:
6/21 1:45pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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Darth-Ghost posted:
Go over to Europe to see how good the US bas it compared to gas, I think they're at the equivalent of $10/gallon.
Is that taking into account the current weakness of the dollar? If not, $10 in Europe and $5 in the U.S. is pretty much the same thing to the person at the pump.
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DarthKarde
Registered:
Jun '02
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Date Posted:
6/21 2:50pm
Subject:
RE: The Price Of Gas Around the World-We are getting ripped off !
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Jedi_Keiran_Halcyon posted:
Darth-Ghost posted:
Go over to Europe to see how good the US bas it compared to gas, I think they're at the equivalent of $10/gallon.
Is that taking into account the current weakness of the dollar? If not, $10 in Europe and $5 in the U.S. is pretty much the same thing to the person at the pump.
I can only comment on the UK but we are paying about £1.20 a litre which translates to about $9 a gallon and the £/$ exchange rate hasn't altered too much over the last few years.
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