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Oil prices fall as demand for gasoline lessens. Been staying home? [CNNMoney]
Yes. Netflix and microwave popcorn FTW.
So… our government didn’t interfere? I’m not buying this “free market” that everyone says exists.
The profits oil companies make are insane. I have cut my driving in HALF lately, so yeah, I’m using less gas and the best part is I’m keeping the miles down on my new Mustang Cobra.
I bought a scooter finally warm enough here to commute and run errands at 70mpg.
So this means gas prices won’t hit $4 a gallon this summer? Oh yeah, I forgot, the oil companies are run by evil greedheads. So I’ll look forward to $5 a gallon by the 4th of July. On a sort of related note, is it just me, or is it about time for a bloody revolution to reset our government?
@SaveMeJeebus: The invisible hand of the free market exists in the absence of collusion and monopolies. OPEC is an example of collusion. Comcast is an example of a monopoly (in most areas). When companies are allowed to corner a market, the invisible hand “disappears.”
Yep, only drive to work and back and mix errands in to/from work trips. I drive a good-mileage VW hatchback but the fact that half my driving is in the city still kills it. I can afford to use more gas but I choose not to at these prices, and being eco-minded I’d rather not be generating more pollution anyway. I will go on the occasional fun drive in the spring/fall, but not as much as I once did.
I’d be using the local light rail if getting to/from stations wasn’t a hassle.
@Pro-Pain: Noone cares what kind of douchebag wannabe musclecar you drive.
@sleze69: Uh, no…not quite correct. That “invisible hand” is then picking your pockets.
Have you seen your wallet lately?
I get 37mpg average drving crazy fast and fast start and stop. but I still drive lots, due to my personal business, I laugh when I see a Hummer at the pump.
I haven’t changed driving habits at all. I can’t, really, since I have a 35-mile one-way commute Monday-Friday. I did, however, start setting cruise control more often. The other day I averaged 34.3mpg @ 63.something mph in my 2003 BMW 330i that just cleared 101k miles.
I’ve budgeted a certain amount towards gas, and thus far have remained well within the budget. Seeing 89 octane go for $3.23/gallon here in Arizona is annoying, though, considering last month it was $2.98ish.
@catnapped: Yeah, it’s right here in my poc….ARGH!!!!
I’ve been driving a lot more slowly. I still drive to work (need to start taking the bus, but it takes a lot longer and I’m having trouble adjusting my schedule), but I definitely think twice now about driving halfway across the state for fun on weekends.
@arch05: What kind of non-doucebag, non-wannabe musclecar do you drive?
No trips. Carpooling. Driving the higher mpg car before the gas guzzler. Consolidating trips.
Would use public transit if we had any here.
SEEEEE!! The e-mail worked. It was the Gas-out that lowered prices. But I don’t have to worry b/c some guy in Nigeria I was related to died, so as soon as the check I sent them clears, I’ll have millions.
@SaveMeJeebus: It’s the Invisible Hand, baby!
I actually have changed my driving habits.
Currently im unemployed so no work gas usage. But my girlfriend lives ~20 miles one way. My car is a V6 which gets 21~29 on the freeway. So it uses about 2 gallons round trip which is about 7 bucks here in So Cali.
What we have begun doing is taking the L.A. Metro train back and forth to each others houses. One of the trains ends in both of our cities, and costs $2.50 round trip. It runs on electricty and holds alot of people at once. So its good for the environment, alot of times faster than the freeway, and its 1/3 the price to go see her.
Yes, I work from home four days of the week instead of two. I only live two miles from work, but it keeps me from being tempted to run around after work too.
Price goes too high, demand will slow down, price will come down. That said there is a huge war-risk premium built into the price right now – mostly due to tensions with Iran.
Also, as the US economy slows, there will be a big knock-on effect on places like China and, to a lesser degree, India – which 2 countries have been the big engine in enegry demand growth this decade. I don’t think we’ll ever see $20 oil again but $40 is not out of the question.
Eh, I drive a Honda Insight. 70mpg, 75 in the summer if I’m careful. I use 10 gallons of gas a month commuting and running errands, so gas prices don’t affect me enough to matter.
Just wait until late October!
My car already has good mileage, but I do stay home more. Also I just got a lovely Schwinn for those times when I want to just get out and go. Granted I don’t go as far.
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