Comments | cynic51: On the economy

cynic51

On the economy

Oct 18, 2008 23:28

If I'd known that the stock market nose diving was going to take the price of gas down to 2.49 a gallon, I would have wished for it to happen six months ago. Heck, I thought about buying premium, since it was still way cheaper than regular prices a month ago.

car

Comments 12

pianodan October 19 2008, 03:33:09 UTC

There is absolutely no benefit to buying premium unless you have a car with a high-compression engine.

cynic51 October 19 2008, 03:41:06 UTC

But I could! and it would still be cheaper than regular last month, by about $.80.

pianodan October 19 2008, 04:35:33 UTC

You could also fill your tank with Cheez Whiz. That doesn't make it a good idea.

cynic51 October 19 2008, 14:04:12 UTC

It'd also be more expensive. I'm sure the per gallon cost of cheez whiz has to be higher.

gieves October 19 2008, 15:06:40 UTC

Ooh! $2.49? Where? It's still showing as $2.79 around me, though I did spot $2.64 last night in North Olmsted.

(Sadly, I have to buy premium. It was a very sad thing three months ago...)

cynic51 October 19 2008, 16:37:57 UTC

The BP by my house was at 2.549 on Saturday. The GetGo by my house was at 2.499.

xhollydayx October 19 2008, 17:02:06 UTC

and who has over $1.20 in GetGo stuff? MEEEEE!! I am getting cheap gas this week. I'm paying like $1.50 b/c we buy lots of food and drugs!

indy_was_here October 20 2008, 01:52:54 UTC

Two weeks ago when gas was still at $3.50~ish, I cashed in $2.70 worth of Get-Go bonuses. I haven't paid less than $0.80 since 1998.

Thread 7

indy_was_here October 20 2008, 01:55:25 UTC

I haven't seen this mentioned too much, but I know that China, India, and Mexico have all reduced or done away with government subsidies on fuel in the last few months (China waited until after the Olympics). I'm sure the rising price of fuel in those not entirely insignificant markets has pushed global demand down a bit.