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re: Do people react irrationally when gas prices rise?
Posted on 5/3/26 at 9:21 pm to SidewalkTiger
Posted on 5/3/26 at 9:21 pm to SidewalkTiger
quote:
I addressed that in the OP
No. You blew it off in the OP by a fleeting mention and argued for three paragraphs about a tank of gas. Every $0.01 rise in gas prices per gallon reduces consumer spending in the U.S. by about $1.5 billion. That means the rise of about $1.00 in a gallon of gas costs the U.S. economy about $150 billion per year. That is about .5% of expected U.S. economic output for 2026.Not substantial, but not insignificant.
quote:
Not really, I WFH and am reimbursed for any business driving
Ah yes. The person who spends almost zero on gas per year arguing the concerns about rising price of gas is irrational.
This post was edited on 5/3/26 at 9:28 pm
1
Posted on 5/3/26 at 9:21 pm to Joshjrn
More than zero
Posted on 5/3/26 at 9:25 pm to SidewalkTiger
Any price increases are taken in a negative context.....because nobody ever looks into the real reason why things happen.
Posted on 5/3/26 at 9:25 pm to SidewalkTiger
quote:
It sounds like you're doing quite a bit more driving than the average person.
I drive 19-20k miles a year. It's a little high, but not "quite a bit more".
quote:
Still, $150 a month is basically going out to dinner a couple of times. Or a pair of decent shoes.
$150 is a couple months worth of diapers for my baby. It's what we spend on groceries a week. It's our phone and internet bills combined. I don't buy decent shoes, I buy work boots and gym shoes. I don't go out to dinner, we get takeout or we cook at home.
You're not a real person.
Posted on 5/3/26 at 9:26 pm to justjoe906
Always have money for weed and high end cell phones with unlimited data.
Posted on 5/3/26 at 9:27 pm to wadewilson
Sidewalk Tiger is basically telling you to stop being poor so he can feel good about his political opinions. 
Posted on 5/3/26 at 9:29 pm to SidewalkTiger
Gas definitely makes people irrational. I've known plenty of people who will drive out of their way to go to a station that's a few pennies cheaper, when the money "saved" is clearly significantly less than the extra gas burned to get there.
The biggest economic problem with higher fuel prices is they are baked into everything. So gas prices don't go up in a vacuum, they take everything else up with it.
The biggest economic problem with higher fuel prices is they are baked into everything. So gas prices don't go up in a vacuum, they take everything else up with it.
This post was edited on 5/3/26 at 9:31 pm
Posted on 5/3/26 at 9:30 pm to go ta hell ole miss
quote:
No. You blew it off in the OP by a fleeting mention and argued for thee paragraphs about a tank of gas. Every $0.01 rise in gas prices per gallon reduces consumer spending in the U.S. by about $1.5 billion. That means the rise of about $1.00 in a gallon of gas costs the U.S. economy about $150 billion per year. Not substantial, but not insignificant.
If someone is complaining about the effects of rising fuel costs on everything, that's fair.
Most people that I speak with are just talking about what they, themselves, are paying at the pump, specifically. Not about the rising cost of goods.
I doubt most have even experienced a significant cost difference in goods due to the recent fuel spike yet.
quote:
Ah yes. The person who spends almost zero on gas per year arguing the concerns about rising price of gas is irrational.
I just asked if it was irrational or not.
Posted on 5/3/26 at 9:31 pm to SidewalkTiger
quote:
I don't understand why the average American freaks out about having to pay a few extra dollars at the pump
Because the price is right there and moves in real time. It's one of few things you can nail down. And it's politically hot so people bring it up more than say the price of milk.
Posted on 5/3/26 at 9:33 pm to fightin tigers
quote:
Sidewalk Tiger is basically telling you to stop being poor so he can feel good about his political opinions.
Why are you so desperate to make this thread political?
I haven't made any political statements at all.
Presidents don't control fuel prices and they never have.
Posted on 5/3/26 at 9:34 pm to SidewalkTiger
quote:
Presidents don't control fuel prices and they never have.
Mostly true but the rhetoric works very well.
Posted on 5/3/26 at 9:35 pm to SidewalkTiger
quote:
Presidents don't control fuel prices and they never have.
They 100% can impact fuel prices. Same as they can impact coffee proces or condom prices.
Presidents can't stop Russia from attacking Ukraine. But they can van Russian imports the same as they can close the strait of hormuz.
This post was edited on 5/3/26 at 9:37 pm
Posted on 5/3/26 at 9:35 pm to GRTiger
quote:
Because the price is right there and moves in real time. It's one of few things you can nail down. And it's politically hot so people bring it up more than say the price of milk.
That makes sense. Visibility definitely has to play a part but it still seems irrational to me in the grand scheme.
Posted on 5/3/26 at 9:35 pm to SidewalkTiger
quote:
Most of the people complaining about this extra $50 a month are paying $500-1500 a month car payments. Make it make sense.
You're saying this now, but in the comment you made before this, you told someone to buy a car that gets 40mpg.
Posted on 5/3/26 at 9:36 pm to fightin tigers
quote:
They 100% can impact fuel prices.
So can the weather, so can a lot of things. But they have less control than many seem to believe.
I do realize this dumb war is giving us a beating right now.
Posted on 5/3/26 at 9:38 pm to wadewilson
quote:
You're saying this now, but in the comment you made before this, you told someone to buy a car that gets 40mpg.
Why not?
You say you're spending $150 a month extra in fuel, why not drive something more economical? What do you currently drive and pay in insurance?
This post was edited on 5/3/26 at 9:39 pm
Posted on 5/3/26 at 9:38 pm to SidewalkTiger
quote:
I WFH and am reimbursed for any business driving I do so I probably drive quite a bit less (on my own dime) than the average American.
Jesus titty fricking christ, this should have been your OP so we all knew not to waste time with it.
Posted on 5/3/26 at 9:38 pm to SidewalkTiger
I work from home so all this gas price foolishness doesn’t apply to me.
Posted on 5/3/26 at 9:39 pm to fightin tigers
quote:
as prices rise?
fightin tigers
The average American is poor as shite. They can't afford an extra $50/month for anything.
Especially not that DoorDash or their iPhone 17.
It's because gas prices are on signs that people see constantly. Nobody GAF how much milk or hot Cheetos cost, because it's not on a billboard like gas prices.
Posted on 5/3/26 at 9:39 pm to SidewalkTiger
quote:
but it still seems irrational to me in the grand scheme.
It is
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