Author Topic: Oil jumps to new record on dollar's fall (Read 4703 times)

The Annoyed Man · « **Reply #25 on:** May 19, 2008, 05:16:37 AM »

Back on March 05, I said:

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I paid $3.67/gallon for 87 octane yesterday. It'll be four bucks very soon.

To which Manedwolf replied:

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It'll only be $4 in places like California with their insane treehugger laws.

I countered:

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$5 to your favorite charity/political party says you're wrong. Or $5 from you to the environmental organization of my choice if gas isn't at a national average of $4 or more by summer.

Today, it's over $4 in Chicago and Long Island and the national average is $3.79. But of course, the price will drop with Memorial Day and summer vacation approaching................ rolleyes

K Frame · « **Reply #26 on:** May 19, 2008, 05:18:06 AM »

You're a prognosticatory legend in your own mind...

The Annoyed Man · « **Reply #27 on:** May 19, 2008, 05:29:43 AM »

Not quite yet. The national average isn't at $4 yet.

In the meantime, I'm looking for that other thread where y'all jumped my case when I said "$100 a barrel oil" and it was really only at $99.97 or something. And what is it today?

Oops. I just left a trail of
{{{{{{smug}}}}}}}}

Gewehr98 · « **Reply #28 on:** May 19, 2008, 07:41:02 AM »

Ok, Paddy McRiley, how much is gas in Kalifornistan right now?

(Hint, I have family in Orange County, and they've already told me over the weekend...)

The Annoyed Man · « **Reply #29 on:** May 19, 2008, 12:05:50 PM »

Haven't been out today yet (it changes every day), but last time I looked it was +- $4.03 here. Be patient; $4 is not far off for everyone else. And it won't stop there, either.

LAK · « **Reply #30 on:** May 19, 2008, 10:18:28 PM »

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Be patient; $4 is not far off for everyone else. And it won't stop there, either.

You got that right, regardless of arguements over anything else.

wmenorr67 · « **Reply #31 on:** May 19, 2008, 10:26:29 PM »

Quote from: Paddy on May 19, 2008, 11:05:50 AM

Haven't been out today yet (it changes every day), but last time I looked it was +- $4.03 here. Be patient; $4 is not far off for everyone else. And it won't stop there, either.

And the sun will come up tomorrow. Why don't you tell us something we don't know.

Brad Johnson · « **Reply #32 on:** May 20, 2008, 10:49:44 AM »

Some day it will be $5. After that it will be $10. And so on... and so forth...

Oh, and eggs will be $10 a dozen. It's called inflation. It happens. As long as it's reasonable, a little inflation is a healthy thing. The economy adjusts around it.

Brad

The Annoyed Man · « **Reply #33 on:** June 09, 2008, 04:46:18 AM »

June 8, 2008
Gas hits national average of $4 for first time And it's not yet summer.

Oh, and the price of oil has doubled in a year and risen 44 percent since January. Same as the rate of 'inflation', right?

Manedwolf · « **Reply #34 on:** June 09, 2008, 04:47:40 AM »

Quote from: Brad Johnson on May 20, 2008, 09:49:44 AM

Some day it will be $5. After that it will be $10. And so on... and so forth...

Oh, and eggs will be $10 a dozen. It's called inflation. It happens. As long as it's reasonable, a little inflation is a healthy thing. The economy adjusts around it.

Brad

As long as salaries keep pace, which they currently aren't.

The problem is that the level of position that paid $50-60K in 2000, still pays $50-60K.

PTK · « **Reply #35 on:** June 09, 2008, 04:51:33 AM »

I haven't really been bothered much by the shifting dollar vs. the world market. I bought a lot of silver back when it was $6/oz. I started selling it off here and there when it hit $14/oz.

For what it's worth, I just bought eggs at $1/dozen, milk at $2.75/gal, and gas at $3.80/gal.

LAK · « **Reply #36 on:** June 11, 2008, 02:10:20 AM »

Manedwolf

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The problem is that the level of position that paid $50-60K in 2000, still pays $50-60K

With no end in sight.

Most of the middle class should be looking for one of a couple of options; find a quick way into the upper, upper class - or becoming as aself sufficient as possible. Either one, or be prepared to join the lower classes and standard of living.

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Manedwolf · « **Reply #37 on:** June 11, 2008, 03:52:25 AM »

There is no "quick" way into the upper class unless you win the lottery or get a large inheritance. Otherwise, it's just a lot of good longterm investment with some luck involved, or a lot of hard work with some luck involved. Or being successful in a scam (dotcom era cash-and-crash companies included), which I do not count.

LAK · « **Reply #38 on:** June 12, 2008, 02:24:06 AM »

Right. I am waiting for those in the middle class who - for one reason or another - do not see what is coming just over the horizon for them to suddenly realise they have been had by those whom they have ferociously defended and kept in the wrestling ring all these years. That it was all a big show to keep them occupied while in plain sight they were fleeced and sold out. Not going to be a pretty sight.

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