Reply With Quote
o? Sperminator? Marcus Bryant? Clan?gas prices to rise to $4 a gallon
Cat got your tongue? I thought so.
Just wait till I post my prediction for gas prices for 05-06. I'm sure they will have plenty to say then.
http://money.cnn.com/2005/08/31/news...ices/index.htm
NEW YORK (CNN/Money) - Consumers can expect retail gas prices to rise to $4 a gallon soon but whether they stay there depends on the long-term damage to oil facilities from Hurricane Katrina, oil and gas analysts said Wednesday.
...
o? Sperminator? Marcus Bryant? Clan?gas prices to rise to $4 a gallon
Cat got your tongue? I thought so.
Just wait till I post my prediction for gas prices for 05-06. I'm sure they will have plenty to say then.
The economy can't handle $4 a gallon. That will start a deep recession.
Pffttt. Your prediction was not based on a hurricane. Give it a rest.
$4 a gallon I find is the psychological tipping point that people consider the price of gas to be irrationally expensive. So your right, people will start curtailing their expenses in other things especially expensive electronics, going out to eat, and newer vehicles which could lead to a recession in 05. This problem will be compounded by the growing inventory of unsold homes which has been steadily rising sending the nations largest growth sector - home construction - into a tailspin.
In some ways Katrina could be a blessing, and Yes, I know its hard to see it that way with 100's perhaps 1,000's of people dead and thousands of homes destroyed, but as happens in most disaster areas, money starts flowing into the area, people start working on rebuilding and paying taxes, materials are bought and sold, revenue gets generated. In other words, exactly everything you need to combat a recession.
In my predictions I said there would be a 'short-term event'. A hurricane hitting N'Oleans certainly qualifies as a short term event.
One caveat on the newer vehicles... the gas savings alone would pay for somebody driving a 12-mpg gas-guzzling truck to purchase a small fuel-efficient car for commuting.So your right, people will start curtailing their expenses in other things especially expensive electronics, going out to eat, and newer vehicles which could lead to a recession in 05. This problem will be compounded by the growing inventory of unsold homes which has been steadily rising sending the nations largest growth sector - home construction - into a tailspin.
The only time I have ever argued your prediction of a $4 gallon of gas was last year when you said it would happen by the end of 2004, which you now conveniently deny.
Never have I argued that it wouldn't or couldn't eventually happen. I especially would not have argued that a natural disaster of biblical proportions wouldn't have caused gasoline to approach that level.
But here's a backpatter for you all the same. Horray for Katrina, for confirming Dan's prediction that gas prices "could reach levels of $3-$4."
Yes, but it takes credit and at least some money to buy a newer vehicles and many people unfortunately have streched themselves very thin with speculation in expensive real estate. Easy credit has allowed many people to buy more house than they could afford otherwise. This could be a wise long-term investment, especially in the flat-land of SA where price were depressed before the latest boom, but gas driven inflation will stretch many household budgets in the short-term.
So tell me Sperminator, where do you see gas prices going in 05-06?But here's a backpatter for you all the same. Horray for Katrina, for confirming Dan's prediction that gas prices "could reach levels of $3-$4."
I've always been willing to say I don't know enough to make predictions about where they are headed or the economical ramifications of such price increases. I've only called you out for revising original predictions which were politically motivated in light of upcoming elections, then patting yourself on the back when those revised predictions start to resemble reality.
Frankly, I don't care enough to belabour it or get into a pissing contest, but now you're calling me out for supposedly denying that a $4 gallon would be reached at some point, which I never would have done seeing as I wouldn't really have a clue how to forecast such a thing.
Last edited by Spurminator; 08-31-2005 at 01:45 PM.
I bet gas will one day cost $6.00 a gallon!!!! OMG!
That's easy to say now that the gas crisis has metamorphosis into what it is now, a run-away train, but I made my prediction when gas was $1.30 and everybody, including Scott, was saying that there was an adequate supply of raw crude and refining capacity to keep prices artificially low for the foreseeable future. Guess not.I bet gas will one day cost $6.00 a gallon!!!! OMG!
Nbadan's $4 a gallon prediction must've come in one of the '000s of his threads I've scrolled by over the past year.
Since I'm long in VLO, frankly, I could care less about who said what when.
.
Predicting gas prices will rise is an empty prediction. It's like saying land value will go up. Trying predicting something that isn't a GIVEN.
no, that is manny.
nbadan, stfu.. you didn't foresee a hurricane wiping out new orleans causing gas to go up.. your predictions are like fortune cookies... pretty ing vague..
Its sad when a hurricane came in and wiped out hundreds of people and causing a tragedie, and then in a split second causing kooks like Nbadan and his "Blame America" bordello to have orgasmic happiness over rising oil prices. They will somehow try to pin the blame on Bush even if its outright false. But anything like this goes when you have the liberal/socialist mindset of morality as being anything that furthers your cause.
Sounds strangely familiar of the same behavior when an article is posted about high casualties.
ITs sad when this bag comes across a post that disagrees with him and then all of the sudden use pussy cartoons to speak for him.
Wow what intellectual Doonesbury might you have. .
gtown go stuff yourself
Gtownspur is en led to his opinion no matter how misguided it may be. Doesn't mean I have to respond to ad havoc attacks.
Price gauging Oil is occuring throughout the south. CNN just reported that gas is going for $4.99 in some stations in Atlanta and because of the hording many stations are starting to run out of gas.
The price of gas really bites.
I know I've cut back on expenses that I control.
Nothing but sack lunches at work and we cut some stuff off our cell phones to save some extra cash.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
