A Prelude to Tragedy  

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Old June 4th, 2008, 06:57 PM   #1 (permalink)
missjelloshot
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How long do you work for a tank of gas?

Interesting...
http://www.cnn.com/2008/TECH/05/29/h...ons/index.html

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Old June 5th, 2008, 11:59 AM   #2 (permalink)
BadMoose
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Too long.

Using take home pay, for more shock and awe, about 4 hours. Thankfully I only have to do it once every 10 -15 days.

What's the big "reason" supposed to be this time, anyway? The election? Did a bird fly over a refinery and cause a shutdown? WTF????
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Old June 5th, 2008, 12:37 PM   #3 (permalink)
koelling
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The price of gas is actually right on par with minimum wage since 1980. It only seems like it's going up so much because it sat between $1.25 and $1.50 for over ten years, then stayed under $2.00 up until 1999. Just the fact that gas only increased by 33% in a 20 year span was a blessing. Minimum wage went from $3.10 an hour in 1980 to $6.50 an hour in 1999. That means the average pay more than doubled in 290 years while gas hardly went up. From 2000 to 2008, gas fluctuated so much and eventually surpassed the $4.00, so it just seems like it's such a dramatic difference. I used Melissa's chart to determine how many hours the average person had to work to fill up their tank in 1980, and then again in 2008. It's less now.
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Old June 5th, 2008, 06:12 PM   #4 (permalink)
SharkBlack
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I don't want to say how many hours I have to work to fill my tank, but I use 2 tanks a week.

There are many market factors driving the price of gas these days. I'm no expert but one main factor is the rise of China and India as industrialized nations. Their consumption is way up over that couple of decades and continues to grow exponentially. This impacts the overall supply of oil. Other factors are OPEC production has been slow to grow and fairly static compare to demand over the last decade not keeping up with current demand. And then there is the fact that regulation imposed by your congress on the exploration and drilling of new oil wells in Alaska and offshore as well as a moratorium on producing oil from shale. Then of course there is the fact that the US has not built an oil refinery since the 70s, so our capacity to refine oil ourselves has not kept pace with demand and oil refined elsewhere is more expensive.
Every one blames the oil companies but their profits remain around 4%. Of course 4% today is a much higher dollar amount. But they are the ones who actually explore drill refine and bring your gas to fill your tank. Now Government taxes us 15% on gas. What do they do with our money? Fix a few roads? I don't know, the roads around our house are pretty f'd up

But Steve is right adjusted for inflation this still doesn't hurt as bad as the late 70s...
Gas remained static for years while the cost of living grew.

Oh yeah and that crazy guy Hugo doesn't help either...
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Old June 6th, 2008, 09:50 AM   #5 (permalink)
Ludwig
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Let's see, 110 liter gas tank, 1.34 a liter, too much. about a full days work. Gas too expensive so, had to park my ex-cop car and buy a Loser mobile!!! Yes a mini-van!!! Should be better on gas. From a 5L to a 3.4L .
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Old June 6th, 2008, 01:00 PM   #6 (permalink)
Cecilia5
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I can't do this since I'm unemployed, but lets just say that I have a negative balance in the bank.
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Old June 6th, 2008, 10:33 PM   #7 (permalink)
stryder
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1/2 hour I ride a Moped
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Old June 7th, 2008, 12:28 PM   #8 (permalink)
Sorrell
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I have a 43 gallon tank. It's been a loooong time since it was full.

All these explanations are very thought-provoking and will make many people feel a little better. BUT!!! When Chevron posted yet another 1/4 of record-breaking profits, I have to call bullshit!

Greed. That's my answer. Yes, all those other issues are indeed factors that are driving the price up.

Try this: If the entire nation was dependent on...let's say Kool Aid. The country was currently being ruled by a man, whose family made their millions from the manufacturing and sale of Kool Aid. During his reign, the price of Kool Aid had quadrupled. What would you think?

I'm not a politically minded person AT ALL! I'm neither republican nor democrat. I'm just pointing out what I see to be hypocrisy.

Just don't piss down my back and tell me it's raining.

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Old June 7th, 2008, 01:23 PM   #9 (permalink)
Jax
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A 43 gallon tank, Roosta? OUCH..and I thought filling my 18 gallon tank was bad (especially when the gas pump shut off - at $75 - before my tank was even full)..whew.
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Old June 7th, 2008, 01:58 PM   #10 (permalink)
Sorrell
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Quote:
Originally Posted by Jax View Post
A 43 gallon tank, Roosta? OUCH..and I thought filling my 18 gallon tank was bad (especially when the gas pump shut off - at $75 - before my tank was even full)..whew.
Oh yeah! I love when it kicks of at $75 and I'm not even at 1/2 a tank!

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Old June 8th, 2008, 10:09 AM   #11 (permalink)
BadMoose
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Quote:
Originally Posted by Sorrell View Post

All these explanations are very thought-provoking and will make many people feel a little better. BUT!!! When Chevron posted yet another 1/4 of record-breaking profits, I have to call bullshit!


SS
Preach it brutha'

That's tough to take, although I do realize it is a free market economy. There's just too few people with too much power.
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