Articles
   
       
       
Pics/Video
   
       
       
Shop
Search
 
 
 
 
 
Home   Articles   Pics/Video   Gear   Wake 101   Events   Community   Forums   Classifieds   Contests   Shop   Search
WAKE WORLD HOME
Email Password
Go Back   WakeWorld > Non-Wakeboarding Discussion

Share 
Reply
 
Thread Tools Display Modes
Old    Sparky Jay (wake_upppp)      Join Date: Nov 2003       01-02-2011, 6:20 PM Reply   
Here we go again. They are predicting $4 a gallon by Memorial day. And some are predicting $5 a gallon by 2012. I'm sorry but our government and politicians just don't seem too worried about the economy. High fuel prices will most likely supress any decent US economic recovery any time soon, and not allowing much new exploration/drilling is a big part of the problem IMHO.
Old    Seahawks #1 Fan Robert T (cwb4me)      Join Date: Apr 2010       01-02-2011, 6:30 PM Reply   
go into business for yourself. then you can write off your gas.
Old    Art (rallyart)      Join Date: Nov 2006       01-02-2011, 7:19 PM Reply   
Sparky, I'm already pyaing $4 per gallon. My boat is still cheaper than skiing for the family.
Old    Phantom (phantom5815)      Join Date: Jul 2002       01-02-2011, 9:34 PM Reply   
Memorial day???? Prediction for us is by spring.
Old    dave c (dav51lin)      Join Date: Aug 2004       01-03-2011, 12:13 AM Reply   
why is this a surprise?
Old    C.I.E..... Evan (guido)      Join Date: Jul 2002       01-03-2011, 10:29 AM Reply   
Man, we've been hovering near $4/gal for a while. I'm just glad that it's not $5/gal like it was 3 years ago. I almost considered cutting out riding for a while.
Old    Dave (daveronix199)      Join Date: Feb 2009       01-03-2011, 10:37 AM Reply   
Seriously why Complain about the price of gas! When you live in Canada its different every day in Ontario its 1.15/L. 1 US gallon = 3.78541178 litres so 3.785 X $1.15=4.35.....

Stop complaning about it.. its out of yer controll... Or stop taking fancy vacations and use that 4 grand for Gas!
Old    Paul (psudy)      Join Date: Dec 2003       01-03-2011, 12:22 PM Reply   
Stop compaining about it? The price of gas hurts a lot more than your cost for a vacation or to go to the lake. It has a negative impact on almost every major market world wide.
Old    Jos (jtnz)      Join Date: Sep 2007       01-05-2011, 3:00 PM Reply   
Funny that when gas cost $5 a gallon 3 years ago (we were paying over $6) the price per barrel of crude was well over $100. Now it's just above $90 and the price is still going up.

BS, oil companies gotta produce their profits somehow though.

It is worse in other places. Here we pay more, by far.

$1.50 US ($2 NZ almost) per litre x 3.785 (convert to US Gallons) = $5.68

Filling my boat costs $150 USD and it's only got a 27(ish) gallon tank.

It is even worse in Europe and has been for many years.
Old    Jeremy (wake77)      Join Date: Jan 2009       01-05-2011, 3:18 PM Reply   
Inflation and taxes account for the biggest relative increases in the price of gasoline.

Inflation
Inflation is the general rate at which prices of goods/services are rising (and, conversely, the rate at which purchasing power is falling). In the U.S., an item that cost $1 in 1950 would cost about $8.78 in 2008. In 1950, gas cost about 30 cents per gallon. Adjusting for inflation, a gallon of gas should cost about $2.64 in 2008, assuming taxes, supply and demand stayed the same; according to the Energy Information Administration, the average U.S. gasoline price for 2008 as of August 2008 was more than $3.50 per gallon. The level of inflation varies by country, which can influence the price of fuel.

Taxes
The tax on a gallon of gas in 1950 was approximately 1.5% of the price. In 2008, the federal, state and local tax on a gallon of gasoline was approximately 20% of the total price. This means that taxes added about 49 cents to the price increase in a gallon of gas during this period. Other countries have vastly different tax policies for gasoline, some of which can make taxes the largest price component.
Old    Jeremy (wake77)      Join Date: Jan 2009       01-05-2011, 3:19 PM Reply   
Posted to fast...Here is the link for the data from my previous post

http://www.investopedia.com/articles...gas-prices.asp
Old    C.I.E..... Evan (guido)      Join Date: Jul 2002       01-06-2011, 12:28 PM Reply   
It's interesting to me to see cost of goods rising faster than relative inflation should allow. This in a time when theoretically cost of production should be reduced by technology and volume. As usual, the government is getting it's hands on a larger part of the total cost, and yet they're still broke. Hmmm...

I'm actually OK with raising gas taxes as it directly reflects a persons use on the highways, but only if DMV were to offset the fees for those that put less miles on their vehicles. Just another case of the consumer being taxed on top of things that are already taxed.
Old    John Anderson (fly135)      Join Date: Jun 2004       01-06-2011, 12:56 PM Reply   
Kind of like health care. No matter how much of your money they get, it's still not enough. Even though we pay double the rest of the world for the same quality of care.

Reply
Share 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



All times are GMT -7. The time now is 2:06 PM.

Home   Articles   Pics/Video   Gear   Wake 101   Events   Community   Forums   Classifieds   Contests   Shop   Search
Wake World Home

 

© 2012 eWake, Inc.    
Advertise    |    Contact    |    Terms of Use    |    Privacy Policy    |    Report Abuse    |    Conduct    |    About Us