Posted on 02/05/2013 6:27:18 AM PST by SoFloFreeper
Americans are pumping about 4% of their incomes into buying gasoline, according to a government report.
The Energy Department said on Monday that U.S. households spent an average of $2,912 on gasoline last year, the highest level in four years.
The percentage reached similar levels in 2008, when a red-hot global economy and panic over dwindling supplies sent gas prices through the roof. But before then, the percentage hadn't reached these levels in nearly three decades.
(Excerpt) Read more at money.cnn.com ...
I will NEVER tire of those. Keep ‘em coming! :)
I used to go in with a friend and we each bought a half.
It ran around $2.99 when it was all buthcered and wrapped.
It kept us in meat for about 10 months.
We cut back on meat and didn’t feel we needed that much any more, Might go back to it though.
Was planning on buying a truck. Came to the conclusion that gas prices will never come down to a point where I could own a truck.
Bought 2 hyundais instead and the gas bill is still lower.
I am 70 and rapidly approaching the 76 yar old limit that Obamacare places on treating Cancer patients, who knows what limit they will put on hip, knee , and heart surgery for older Americans.
I used to think 70 was old, but when you get there it really isn’t.
I am buying the same foodstuffs. Every thing has gone up. There is a slow creep in the prices. The average cart load is over $200 per customer, I asked the cashiers.
My grandfather had heart bypass surgery in his mid 70s. He thought a long time about it..."Why take the chance?" was his thinking, approximately.
"Why not?", was my gandmother's, and fortunately, she prevailed.
He lived to be 87, and was very active up until the last few months. Turned out to be one of the smarter moves he made.
I keep hoping that cooler heads will prevail on Obamacare. Unbelievable, to me at least, that so few people can see the problems with something so horrifically flawed.
George Soros pulled the trigger on gas prices and sent the nation into a mortgage tailspin. People will buy gas to get to work before they make a house payment. It’s that simple.
Looks more like a First Amendment issue to me.
I have a farm. I need a truck. Ford Escape SUV 20+ MPG. My work commute is only 10 minutes and I’m 2 minutes from town. Works for me. :)
High gas prices are just a piece of a devalued dollar that is a much bigger problem.
You could say the same about the president.
Why are so many fooled by this guy?
I remember standing in line to buy milk at the corner gas station and one of the gas customers was complaining, “that damn bush and his oil buddies made gas this expensive! I can’t afford it”
“grumble, grumble, evil bush, grumble, damn big corporations”
Then finally, “Oh yeah, give me $20 in scratch offs!”
I actually pointed at him and laughed, and laughed, and laughed, and eventually the rest in line started laughing too. He finally realized what was happening and he turned around and said “what?” So, I pointed out to him that the $20 he just threw away would have covered the higher cost of gas he was complaining about.
All I got was a look of confusion as a response.
You should check out the Chapwood Index. It is a different inflation index that DOES take into account food, fuel and other basic necessities costs.
My son bought a 2002 escape. Loves it.
I bought a Ford because they didn’t take any $$$ from ‘0bama’s Stash.’ :)
Don’t worry. The government and its government-connected proxies will tighten-up to push oil down sometime between April and June. After a few million more people are laid off, gas will be low enough to start the engines of tourism for recipients of government incomes: the great and conservative taxpayers of today. [Little irony and sarcasm there.]
We need spending cuts and a restart. Stop at least about half of all federal spending—funding to state and local governments first—and rebuild an economy with real production (without the regulations).
BTW, a reminder here that the numbers of people driving and working in factories around the world is increasing quickly. That’s where more of the oil supply is going every year. Here, in the USA, the last time I looked, we were down about 5% in total oil consumption from a decade before.
Have fun. Enjoy the globalist slide. Things will get far more interesting here in the near future.
That was their plan from the beginning.
Bought 1/4 of a Steer w/ friends. Farmers are culling their herds, the drought has made it to expensive to feed them. I suspect beef will be through the moon between transportation and the lack of hay issue about the same time you mention....
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