Say Anything: Gas Prices Will Continue To Skyrocket
E.M.Zanotti
· 4 years ago
Did you post this this morning? Oil futures took a dive today, because it turns out that the market is artificially inflated. Apparently, the market was extremely overbought, and now its collapsing.
Hus
· 4 years ago
Zanotti,
Not every state practices it. Arizona, Hawaii, parts of Indiana, Puerto Rico, the U.S. Virgin Islands, and American Samoa have chosen not to observe Daylight Saving Time.
Hus
· 4 years ago
Rob,
Yes, it saved energy in lighting during that time of the year. It was originally instituted in WWI. Between the wars individual states and communities decided whether they wanted to keep it or not. Then, when WWII came around, we adopted it uniformily again.
E.M.Zanotti
· 4 years ago
P.S. I think Daylight Savings Time was started during one of the World Wars for conservation. Don't know if it still works that way, though. Seems like something we just got used to an then never did anything about after it became obsolete.
Joshua
· 4 years ago
I was at an auto wholesale auction yesterday and you should have seen how many pick-ups, trucks and heavy SUV's the dealers were trying to dump.
I'm still confused as to why there is a wait list for some of the hybrid cars like the Prius. Why isn't Detroit catching up to the demand already? Everyone wants one.
TC-LeatherPenguin
· 4 years ago
I spent a decade in the commodities exchange trading pits, and kept telling my friends the spike in prices was just "locals" (akin to day traders) going nuts, and would fall back down in due time because the spike had nothing at all to do with fundamentals, and made no sense if you took OPEC production levels into account.
Now I'm kicking myself for not shorting the hell out of it when it topped $57.
Kelly
· 4 years ago
Hi Rob: Just signing Kelly in so she has an account to post comments
h0mi
· 4 years ago
I’m still confused as to why there is a wait list for some of the hybrid cars like the Prius. Why isn’t Detroit catching up to the demand already? Everyone wants one.
Well the hybrid stuff is expensive, and the gas savings isn't so significant really. A hybrid Ford Escape is available now and it gets about 8-10 mpg more than the regular model (at least according to EPA estimates). Gas prices would have to add another dollar before the hybrids pay for themselves relative to other non hybrid similar models. The cheese would be to have a hybrid model of every specific model- a hybrid expedition would be far more attractive to someone looking for an SUV than the Prius even if the Prius gets 40mpg while the new expidition got 25.
Rob
· 4 years ago
Now maybe I'm wrong here, but turning a car that already has pretty good gas mileage into a hybrid seems sort of odd. Why not make some of the big SUV's into hybrids? SUV's, as we all know, get terrible gas mileage. Wouldn't the difference in mpg between a hybrid SUV and a regular SUV be quite large?
And lets not forget the tax break you can collect if you buy a hybrid right now.
I just can't get past the idea that the auto companies just aren't putting the effort into marketing these hybrids like they should. But maybe there's something I'm missing. After all, these companies are all about making money. If they can make money by selling us hybrids I'm sure they would.
All Comments
Not every state practices it. Arizona, Hawaii, parts of Indiana, Puerto Rico, the U.S. Virgin Islands, and American Samoa have chosen not to observe Daylight Saving Time.
Yes, it saved energy in lighting during that time of the year. It was originally instituted in WWI. Between the wars individual states and communities decided whether they wanted to keep it or not. Then, when WWII came around, we adopted it uniformily again.
I'm still confused as to why there is a wait list for some of the hybrid cars like the Prius. Why isn't Detroit catching up to the demand already? Everyone wants one.
Now I'm kicking myself for not shorting the hell out of it when it topped $57.
Well the hybrid stuff is expensive, and the gas savings isn't so significant really. A hybrid Ford Escape is available now and it gets about 8-10 mpg more than the regular model (at least according to EPA estimates). Gas prices would have to add another dollar before the hybrids pay for themselves relative to other non hybrid similar models. The cheese would be to have a hybrid model of every specific model- a hybrid expedition would be far more attractive to someone looking for an SUV than the Prius even if the Prius gets 40mpg while the new expidition got 25.
And lets not forget the tax break you can collect if you buy a hybrid right now.
I just can't get past the idea that the auto companies just aren't putting the effort into marketing these hybrids like they should. But maybe there's something I'm missing. After all, these companies are all about making money. If they can make money by selling us hybrids I'm sure they would.