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5 dollar gas...are we ready?

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Maybe the west side of the NC, and I'm not sure if that's the reservation in Hogansburg or not. East side (Plattsburgh, SL, et al) is still $3. My area is the second cheapest in the state (only to the Cattaragus reservation between Buffalo and Jamestown which refuses to pay state taxes), and we're not even getting to 2.50.

Low $2.80's in Akwesasne.

And you're the first, and likely only person, I'll ever see refer to SL being "East side NC". Adirondacks, homeboy.
 
Re: 5 dollar gas...are we ready?

Low $2.80's in Akwesasne.

And you're the first, and likely only person, I'll ever see refer to SL being "East side NC". Adirondacks, homeboy.

I'm well aware it's the heart of the park. However, whatever it takes to explain to people that Poughkeepsie is not "upstate". ;)

Good to see that's where they are up there.
 
I'm well aware it's the heart of the park. However, whatever it takes to explain to people that Poughkeepsie is not "upstate". ;)

Good to see that's where they are up there.

That's a fight that isn't worth fighting. I've given up on it, and just use NNY now. However, that usually results in "so, Buffalo?". :facepalm:

Yes, it is good to see them. But when I'll be spending January and into February up there, and my vehicle is diesel, which is $2.90's in Florida at my place... Well, you know.
 
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Re: 5 dollar gas...are we ready?

However, whatever it takes to explain to people that Poughkeepsie is not "upstate". ;)

Anything north of the Bronx or west of the Hudson River is "upstate." Ithaca is a Mitch Gillam slapshot from PA and it's upstate. Just the way it is.
 
Re: 5 dollar gas...are we ready?

Maybe the west side of the NC, and I'm not sure if that's the reservation in Hogansburg or not. East side (Plattsburgh, SL, et al) is still $3. My area is the second cheapest in the state (only to the Cattaragus reservation between Buffalo and Jamestown which refuses to pay state taxes), and we're not even getting to 2.50.
Goodness. Just paid $2.39 (Costco) here in Redondo Beach - had no idea NY taxes were that much higher.
 
Re: 5 dollar gas...are we ready?

Goodness. Just paid $2.39 (Costco) here in Redondo Beach - had no idea NY taxes were that much higher.

Highest taxes in the country, and mostly because of NYC. Bet they go down by a bundle if secession actually happens.

The Costco in Camillus (around the Syracuse area in case it's a been a long time since you've been in Central NY) is at 2.49. The Syracuse area is typically the second cheapest place for gas in the state not only because it's at the end of a pipeline, but its proximity to one of the most important commercial interstate in the country, I-81. From there, it just goes up. I wouldn't be shocked if there was some sort of enivronmental tax charged on stations in the Park (although a little dubious given the stationis near FlagDUDETTE are fairly competitive to us), but delivery probably has a lot to do with it.
 
Re: 5 dollar gas...are we ready?

$2.05 at a Marathon station on the east side of South Bend. I got gas there just yesterday and it was $2.12. At the beginning of October when gas around here was still around $3.50 a gallon I told a co-worker gas prices were going to continue to drop and be around $2.75 a gallon by Christmas. She disagreed. We were both wrong. 100 miles or so south of here in Kokomo it is below $2.00 at many stations.
 
Re: 5 dollar gas...are we ready?

How low does the price go before the oil companies tell us they need a bailout? :D

"Gas is down to $0.19 a gallon and the oil companies are hurting. I know that I am partly to blame by insisting that cars run on trash. I am therefore proposing a federal bailout to our oil companies because- hey if it were the other way around, you know the oil companies would help us."
 
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Re: 5 dollar gas...are we ready?

It sounds like our gasoline taxes must be really, really high. Still over $2.50 a gallon here. :(
 
Re: 5 dollar gas...are we ready?

heard today that oil has dropped 50% in the past couple weeks....

my gallon price hasn't fallen even 25% :D

I think you might be confusing it with the ruble. :)

In the last 2 weeks Texas Light Sweet has dropped from $64 to $55 -- 14%.
 
Re: 5 dollar gas...are we ready?

couple isn't 2 :p

wasn't it 100 august/sept?

to old farts like me, 14 weeks is a couple in the scheme of things :D
 
Re: 5 dollar gas...are we ready?

2008 opened a lot of eyes, if not for a short while, about how volatile the economy can be when gas prices suddenly and unexpectedly hike. When people’s commutes suddenly become comparable to rent payments, consumption goes down, and the economy starts to wane. The cost of doing business goes up, companies report lower earnings…wall street does its thing and sells on bad news...

Unlike my last thread which involved blasting the corn ethanol scam, I want to keep this thread less opinionated (although we are making some predictions). With that, I want to throw some questions out there:

1-When gas hits 5 dollars, will major business sectors see contraction? How fast? Will it effect our short term economic growth?

2- Will the over priced DJIA correct itself leading to investor panic? I suspect prices will come down to normal levels.
3- How will you deal with it? Have you already?

I’ll probably post from time to time with new articles and what not to answer my questions.

The only one I can think of right now is question #3. My plan is to get a job which will be a few miles from home. My interview is tomorrow, so I am acting fast. With that, I intend on filling up once every few weeks - that constitutes a fraction of my total income. (I drive a WRX which only takes 93 octane - 27 MPG highway. :( ) I feel that being co-located to work will render me immune to these cycles. Other than that, I plan on walking a lot to places I need to go to keep those costs down and renting an apartment that doesn’t use oil as heat.

I will be interested in hearing everyone’s take on this.

Just wanted to quote what started it all. Might actually be worthy of a revisit to see if it has any relevance to the future.
 
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