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Originally Posted by Perfectlap
I can do without nearly all of those things...but the engine oil which I only need once a year.
gas is something that you really don't have a choice about. You may save a few bucks by going to different gas stations but if the lowest price to fill your tank is nearly twice what it was two years ago. You are a paying. Or you are a staying home, or taking public transportation (if it shows up, waited 2 hours today).
Everbody else can switch from Starbucks to cheapo instant brand, from listerine to generic supermarket brand, from bottled water to tap water, and make tremendous savings yet still be able to go one with their lives without skipping a beat. Can't do that with unleaded.
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I just changed cars and improved my mileage per gallon by 50%. Also switched from premium to regular gas, save another .20 per gallon.
In the long run, everyone has alternatives. It is the use of these alternative that has resulted in the drop in demand for oil and the drop in oil prices to under $50 per barrel. Simple economic behavior.
BTW-I will take any bet you want on that gas price you pointed to. Lastly of course, the historic price increases on gas has actually been moderate on a percentage basis. Adjusted for inflation, it has NOT been a large issue for many many years. It appears that the last year was a blip. Of course, you do have to strip out the taxes on gas to see the REAL cost, which in some states is nearly .40 per gallon. So, in the example above, the real cost of gas is likley about $1.40 per gallon. Not bad I think!
We shall see.
Next time, read the article and respond with facts, not hype!