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Originally Posted by Navy Blue
thats not entirely true, take it frim a man who's lived and still lives it, me, alot of my friends..hell i make about 25k a year (working on changing that) but not everything written in paper is true,i'm not trying to get into an argument or anything, just kinda showing you life through my eyes
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OK, I'm not saying this is complete reality. I simply repeated what CH said. But, doesn't it make sense that lower wager earners are most effected by the cost of gas? I'm not trying to place any blame, just commenting on the situation. Personally I think it's a shame that higher income earners don't adjust their lifestyles. Seems like they are letting money slip. I traded in a truck for a no payment used Tahoe that gets the same gas mileage. Largely because the total cost of operating the truck was near 800 buck a month. Now, my insurance has gone down. no more payment and the 2wd Tahoe gets better MPG than the 4wd truck did. I'm surprised more people aren't doing this regardless of how much money they make.
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Originally Posted by GSX
I remembered that I read something recently that said the prices for crude oil is supposed to be around $45 -$50 not it's current price. and the price of gas without tax would be $1. Also these prices are really driven by these oil speculators. What we need to do is to threaten these so called speculators a bit or regulate them.
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The speculators are a huge part of the crude oil prices. And they base this on a few factors. The stability of the OPEC region. How much oil is actually consumed or refined. How much oil is stockpiled. There are many other things they can use to set the price of crude oil. But the three I mentioned are among the largest contributors to our high gas prices. Iraq, Afghanistan, and Iran are all unstable, as far as the speculators are concerned. We couldn't use more oil even if they produced more so there is no increase in demand or consumption/refinement. And the speculators get real nervous when there are large stockpiles of crude oil waiting to be compromised by some disaster. So, if we want to see gas prices continue to climb all we need to do is start stockpiling oil that can't be refined that we buy from an unstable region.... If we want to continue to depend on foreign oil, the best way to reduce the cost at the pump is to increase our ability to refine more oil to gas...