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News/talk ratings skyrocketing due to high gas prices

ZantennaG1 said:
She notes that finding good sources on the internet is hard, and Wikipedia helps give us a direct link to these other sources, however, it is not the end all be all of knowledge.
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That is one reason I am very hesitant to change page names or locations on www.worldradiohistory.com because I found there are more than 20,000 links on Wikipedia to my pages. If I make a change, I have to add a redirect or the important source data links are ruined.
 
I found an article that said oil went down when OPEC+ announced production increases, but demand for gas was still high. So oil went back up.
 
vchimpanzee said:
I found an article that said oil went down when OPEC+ announced production increases, but demand for gas was still high. So oil went back up.
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That's why the analysts expect prices to stay high for a while. There is pent up desire to travel. I'm experiencing it myself. I'm taking long trips (by car and plane) every week to make up for two years on the couch. I'm sure I'm not the only one.
 
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TheBigA said:
That's why the analysts expect prices to stay high for a while. There is pent up desire to travel. I'm experiencing it myself. I'm taking long trips (by car and plane) every week to make up for two years on the coach. I'm sure I'm not the only one.
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What is the tipping point at which a significant number of vacations become staycations? $6 gas? $7?
 
CTListener said:
Fair enough, but how about the other 99 percent?
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It's a function of what's important. If you really want to save on gas, buy an electric or hybrid car.

We've created this myth of cheap gas, but they're not killing any more dinosaurs, so the supply isn't limitless.

Gas prices in England are $7.99 a gallon when converted from litre/pound.
 
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TheBigA said:
It's a function of what's important. If you really want to save on gas, buy an electric or hybrid car.
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And then we can get into a discussion of what percentage of electricity is derived from hydrocarbons in what is becoming an environment based "Groundhog Day" written by Ocasio-Cortéz and produced by Michael Moore.

"I drove my Chevy to the levy, but the tank ran dry..."
TheBigA said:
We've created this myth of cheap gas, but they're not killing any more dinosaurs, so the supply isn't limitless.
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Europe has had around $2 a liter petrol for decades. They never knew anything different. But they built more compact cities that could depend on public transportation around their reality, while in the US we built suburbs on one-acre plots.

There is about two centuries worth of hydrocarbons left if we include that which is not economically feasible to exploit at this time. The pressure we feel comes from the climate, not the availability of gas, oil, plastics and the other derivatives from dead plant and animal life.
 
TheBigA said:
That's why the analysts expect prices to stay high for a while. There is pent up desire to travel. I'm experiencing it myself. I'm taking long trips (by car and plane) every week to make up for two years on the coach. I'm sure I'm not the only one.
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CTListener said:
What is the tipping point at which a significant number of vacations become staycations? $6 gas? $7?
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Having watched my tourism-oriented market for years, I don't think even $6 or $7 a gallon gas will slow visits down. During the pandemic, when people were all "we're starving. We have to open everything up right now even if Mom and Dad catch Covid and die!". Being probably the first destination to re-open, everybody came here. I think they'll complain about gas prices, buy Trump 2024 and Let's Go Brandon flags, and maybe do 2 attractions instead of 3, but I expect record crowds.
 
TheBigA said:
It's a function of what's important. If you really want to save on gas, buy an electric or hybrid car.

We've created this myth of cheap gas, but they're not killing any more dinosaurs, so the supply isn't limitless.

Gas prices in England are $7.99 a gallon when converted from litre/pound.
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It's really not a case of just "buy an electric car". The people most affected by gas price hikes are the ones least likely to be able to afford an EV. Part of that is EVs costing more than fossil fuel powered cars, and part of that is that poorer people weren't buying brand new vehicles anyway.

If someone is relying on a 2005 Toyota to get them to their healthcare or warehouse job, they aren't likely to be in the market for a new EV - they have to suck up ever-increasing gas prices. Meanwhile, the rich retiree (or politician, or head of policy, or college professor, etc etc) can splash out, get a hybrid and keep on rolling.

One of the things the "tax everything that's not green" people don't get is that taxing the hell out of everything that causes pollution often causes hardship for the poorest, who can't afford to transition to green tech, while allowing the richest to spend money to save money (e.g. by getting an EV or heat pump or solar panels). A program of buybacks and subsidies to allow people to transition to, for instance, greener vehicles would allow a more just transition to necessary climate friendly tech.
 
Miss Tuned said:
It's really not a case of just "buy an electric car". The people most affected by gas price hikes are the ones least likely to be able to afford an EV. Part of that is EVs costing more than fossil fuel powered cars, and part of that is that poorer people weren't buying brand new vehicles anyway.
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If the problem is gas prices, in theory more EVs should lower gas prices by permanently reducing total demand. Even if it is physicians and sales executives buying them and having the direct benefits.

However, obviously it isn't happening quickly enough to have a major effect. I'd estimate the new EVs sold in 2022 will reduce gasoline demand in 2023 by 0.1%. Meanwhile, the high prices this year have reduced demand by 3%.
 
Miss Tuned said:
It's really not a case of just "buy an electric car". The people most affected by gas price hikes are the ones least likely to be able to afford an EV.
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Well aware of all that. People spent two years driving less, causing gas prices to drop. Now the opposite is happening. In my view, the oil companies are making up for lost profits. But that's just me. Rich people binge traveling are also making it worse. At the same time, there are lots of jobs out there, so there are opportunities for some who need more money to find a second job. At one time I worked four jobs, so it's possible.
 
TheBigA said:
Well aware of all that.
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I'm sure.
TheBigA said:
At the same time, there are lots of jobs out there, so there are opportunities for some who need more money to find a second job. At one time I worked four jobs, so it's possible.
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The problem isn't jobs, but job security. You can't finance a new Leaf on a job that might be 50 hours one week and 18 hours the following week. Additionally, if people are having to work four jobs to pay the bills while those at the top get richer, that's a system issue, not an issue with workers.
 
Miss Tuned said:
I'm sure.

The problem isn't jobs, but job security. You can't finance a new Leaf on a job that might be 50 hours one week and 18 hours the following week. Additionally, if people are having to work four jobs to pay the bills while those at the top get richer, that's a system issue, not an issue with workers.
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Bootstraps! More bootstraps! (SARC FONT)
 
TheBigA said:
Well aware of all that. People spent two years driving less, causing gas prices to drop. Now the opposite is happening. In my view, the oil companies are making up for lost profits. But that's just me. Rich people binge traveling are also making it worse. At the same time, there are lots of jobs out there, so there are opportunities for some who need more money to find a second job. At one time I worked four jobs, so it's possible.
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Another point I should make in the news coverage I read about oil prices is that higher prices are considered to be a good thing.

The articles make it sound bad when prices go down, because this is news for investors.
 
vchimpanzee said:
Another point I should make in the news coverage I read about oil prices is that higher prices are considered to be a good thing.

The articles make it sound bad when prices go down, because this is news for investors.
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True. If your 401(k) and/or IRA is loaded with petroleum-related stocks and you're approaching or beginning retirement, the last thing you want is an oil glut and tanking stock prices. You may gripe to friends about $5-7 gas, but secretly, you're probably loving this.
 
CTListener said:
Fair enough, but how about the other 99 percent?
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We will find out. And remember -- it's not just gas that might go up: food might go up, also.

If one of the two commodities drops significantly in price, the hardship felt by the 99 percent may be less.

It will be an interesting year.
 
boombox4 said:
If one of the two commodities drops significantly in price, the hardship felt by the 99 percent may be less.
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The inconvenient truth here is that while some costs are going up, one of the reasons is that wages are also going up:

www.theguardian.com

US wages are going up, and those who don’t adapt to the new reality will fail | Gene Marks

Labor is in short supply, so it’s more expensive. It’s simple economics and hankering for pre-pandemic times won’t help
www.theguardian.com www.theguardian.com

If you're an employee caught in a squeeze, it's a good time to shop for a new job.
 
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