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Who actually cares how much a gallon of gas cost?
Posted on 5/12/18 at 6:06 pm
Posted on 5/12/18 at 6:06 pm
Who here actually looks at the price of gas when they fill up?
I couldn’t tell you the last time I checked how much gas cost. It’s a necessity. I have to have it to go to work to make money so it’s basically a sunk cost.
I mean do people ever get to a price point where they are just like “nope, shut it down. Not driving anymore till prices fall”?
Have you ever heard someone say “ well I can’t afford to pick up some steaks for the grill tonight cause gas at the pumps is too high”?
I guess a lot of people live paycheck to paycheck...
I couldn’t tell you the last time I checked how much gas cost. It’s a necessity. I have to have it to go to work to make money so it’s basically a sunk cost.
I mean do people ever get to a price point where they are just like “nope, shut it down. Not driving anymore till prices fall”?
Have you ever heard someone say “ well I can’t afford to pick up some steaks for the grill tonight cause gas at the pumps is too high”?
I guess a lot of people live paycheck to paycheck...
This post was edited on 5/12/18 at 8:26 pm
48
Posted on 5/12/18 at 6:07 pm to geauxcats10
Asking once wasn’t enough?
Posted on 5/12/18 at 6:07 pm to geauxcats10
quote:
I guess a lot of people live paycheck to paycheck...
Average American Household income is a little under 55k.
Posted on 5/12/18 at 6:07 pm to geauxcats10
This again?
This post was edited on 5/12/18 at 6:09 pm
Posted on 5/12/18 at 6:09 pm to geauxcats10
You sound really stupid.
Posted on 5/12/18 at 6:10 pm to 50_Tiger
quote:
Average American Household income is a little under 55k
So hypothetically if gas went to $5/gal, would that household decide not to drive to work? Makes zero sense..
Posted on 5/12/18 at 6:12 pm to geauxcats10
I want to open a gas station by your house.
"East Coast Band's Gas Station"
$6.00/ gallon
"East Coast Band's Gas Station"
$6.00/ gallon
Posted on 5/12/18 at 6:12 pm to geauxcats10
quote:
So hypothetically if gas went to $5/gal, would that household decide not to drive to work? Makes zero sense..
Well no, but they may decide not to drive across town to their favorite restaurant or to the movies. This isn't that hard, seriously are you just retarded?
Posted on 5/12/18 at 6:12 pm to Mingo Was His NameO
quote:
You sound really stupid
How so? Have you ever personally not done something because of what the price of gas was?
Posted on 5/12/18 at 6:14 pm to Mingo Was His NameO
quote:
Well no, but they may decide not to drive across town to their favorite restaurant or to the movies. This isn't that hard, seriously are you just retarded?
Everyone likes to use that talking point, but you probably don’t know one person that has actually done that.
Posted on 5/12/18 at 6:15 pm to geauxcats10
quote:
How so? Have you ever personally not done something because of what the price of gas was?
No but I don't make $12/hour either. This is simple economics, of course prices affect consumer behavior, especially prices of commodities.
Posted on 5/12/18 at 6:16 pm to geauxcats10
Trucking companies do
Posted on 5/12/18 at 6:17 pm to geauxcats10
Well lets do some math real quick:
@ $5 a gal and the average fuel tank roughly 15 to 16 gallons, would yield a cost of 75 to 80 dollars per fill up. On the high end, this person fills up 4 times a month, low end 2 times, times two (two vehicles), would yield a cost of 600 to 640 dollars a month (high end).
Over the course of the year (12 months) this would have an implied cost of 7200 to 7680 per year.
LINK
Total net pay for 55k in La is 43.8k.
Subtract 7-8k and that leaves the family with roughly 35.8k or 1376 dollars bi-weekly to handle everything else.
@ $5 a gal and the average fuel tank roughly 15 to 16 gallons, would yield a cost of 75 to 80 dollars per fill up. On the high end, this person fills up 4 times a month, low end 2 times, times two (two vehicles), would yield a cost of 600 to 640 dollars a month (high end).
Over the course of the year (12 months) this would have an implied cost of 7200 to 7680 per year.
LINK
Total net pay for 55k in La is 43.8k.
Subtract 7-8k and that leaves the family with roughly 35.8k or 1376 dollars bi-weekly to handle everything else.
Posted on 5/12/18 at 6:17 pm to Mingo Was His NameO
I understand some high schooler who has to spot gas to make it home from his job at Burger King.
But your average American is what I’m talking about.
But your average American is what I’m talking about.
Posted on 5/12/18 at 6:18 pm to 50_Tiger
I understand the math.... but that won’t stop them from going to the movies or making sure they have an iPhone.
Even if they have to live on credit, consumer habits would not be affected.
Even if they have to live on credit, consumer habits would not be affected.
This post was edited on 5/12/18 at 6:20 pm
Posted on 5/12/18 at 6:19 pm to geauxcats10
quote:
I understand the math.... but that won’t stop them from going to the movies or making sure they have an iPhone.
Two words.
Welfare. Reform.
Posted on 5/12/18 at 6:20 pm to geauxcats10
quote:
But your average American is what I’m talking about
I know, and you're re an idiot if you think the average American doesn't take gas prices into their decision making process. As someone told you above, average household income is 55k so if they have to spend an extra couple of thousand dollars on gas because prices are higher, yes it will affect what they do.
This is seriously economics 099, it's not even 101.
Posted on 5/12/18 at 6:22 pm to Mingo Was His NameO
quote:
I know, and you're re an idiot if you think the average American doesn't take gas prices into their decision making process. As someone told you above, average household income is 55k so if they have to spend an extra couple of thousand dollars on gas because prices are higher, yes it will affect what they do.
He is also not realizing that commercial companies will pass down their increase in fuel cost to the customer via product pricing.
Posted on 5/12/18 at 6:23 pm to geauxcats10
quote:
How so? Have you ever personally not done something because of what the price of gas was?
You must not understand how this works?? You do realize that gas over 3 dollars a gallon begins to affect many prices other than just Gas at the pump. Airlines begin to charge more for tickets, food prices begin begin going up do to transporting the items...etc.. Sure we have to pay it no matter what the price but the average family will begin feeling it everywhere else as well.
Posted on 5/12/18 at 6:23 pm to geauxcats10
quote:
Well no, but they may decide not to drive across town to their favorite restaurant or to the movies. This isn't that hard, seriously are you just retarded?
Let’s say this same family booked a beach trip to 30-A last October.
Now let’s say some crazy shite went down in Iran and caused gas prices to soar to $5 a gallon in a weeks time.
Would that family cancel their trip because the price of gas would cost them an extra $200 to get there?
No because no matter what their vehicle doesn’t run without fuel. So they will pay it and go on their trip.
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