Should You Pay $6 Per Gallon?

[Young Roids]

This is just depressing. Just when I was trying to come to terms with $4 prices you go and bring up $6.

 

[Z-licious]

Back in 1980 gas and oil expenditures accounted for 5 percent of our personal income. Today, even at these prices, gas accounts for just 3.5 percent of our personal income, according to the Bureau of Economic Analysis.



Did anyone else see this? I don't know about you guys I but I know spend way more than 3.5% of my income on gas! I'm underpaid!

 

[Bartron8000]

Honestly I'm not afraid to pay $6 a gallon, yeah it would suck a lot but honestly the rest of the world has been spending that on gas and they all seem to still be here. This would also make Auto manufactures to start importing more diesels and investing more into research of alternative fuels.

 

[01rx7]

This the most ridiculous thing I've heard in a while. Great idea, raise gas prices by almost 100% in a time where our country is in a recession. That's the number 1 rule in economics. Think about it, we're loosing jobs, our taxes are rising, spending is down. Great idea, let's make everything more expensive so that we spend even less, take less trips, and therefore put less and less money into the economy. Are we trying to start another great depression?!

 

[niterydr]

I think a price hike towards the Global average would help us to decrease our dependancy on foreign oil...if that is such a bad thing.

When it comes to global warming we are middle of the road, but we have a huge gasoline dependancy. That article is well put on trying to decrease our dependancy on gasoline by raising the pricing. The national road system is in need of a major overhaul and it would help pay for that adjustment.

I could care less if gasoline was $6 a gallon as I am fuel efficiency concious.

 

[Jesse MS3GT]

Only 3.5 percent of income? What kind of median wage did they base that off of? With gas at $4gal that accounts for about 10 percent of my income with driving 20k per year.

 

[dmention7]

If you figure 12,000 miles/year, 20mpg, and $3.60 gas (pretty average numbers), then if gas is 3.5% of your income, back-calcuating the average income gives about $60k/year.

That is a bit high, but if you weight it to the fact that those with lower incomes are going to likely drive less and drive more fuel-efficient vehicles, then the numbers probably mesh a bit more closely

 

[Big Nate]

I spent just over $3200 on gas last year. Based on that 3.5 % i should have only spent just over $1600 so that 3.5% is bs.

 

[Jesse MS3GT]

I based mine on a 26mpg average. I dont drive a gas hog and I classify under the "poor" bracket. Hell most people with I know with 4 year degrees dont make 60k per year. More like 45-50.

 

[Big Nate]

Ya Jay not everyone can drive trains for a living and make 60K.

 

[dmention7]

well that's the funny thing about averages.... some people are above them and some people are below them.

I don't think you can declare a number quoted as a national average to be BS just because it doesn't match your situation.

 

[ZoomZoom Diva]

Considering it likely doesn't apply to anyone I know with a car that pays for their own gasoline, I consider the methodology behind computing the average to be flawed.

 

[niterydr]

I think the 3.5% is screwed a bit as well.

 

[Jesse MS3GT]

well that's the funny thing about averages.... some people are above them and some people are below them.

I don't think you can declare a number quoted as a national average to be BS just because it doesn't match your situation.

The consensus on this site deems the 3.5% as a possible miscalculation. But of course we are a small amount of the whole populous. Im wrong basing this off of a select fews responses. :thetwins: