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Gas Prices & YouFollow

#1 Aug 16 2006 at 9:31 AM Rating: Excellent
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Crain's Chicago Business wrote:
Gasoline prices are pumping $5 billion from the Chicago-area economy, a hit that could cost the region roughly 62,000 jobs if prices stay above $3 for the remainder of the year, according to a new study prepared for Crain's. And if gas hits $4 a gallon — as some predict could happen soon — the economic drag reaches more than $8.5 billion and means 102,000 fewer jobs than the area otherwise would have seen.
You'd need to subscribe to Crain's for the full article but it pretty much expounds upon what's quoted. There's also a bit about how locally spent money tends to circulate in the local economy but money spent on fuel leaves the local economy pretty much for good due to its going to the oil companies or out of the country via oil imports (hence the $5 bil drag). You can argue that with the economists from Crain's if you're so inclined.

Anyway, I once polled how you felt life was going in the past six years (and the response was pretty much positive) so here's the next on the block. Regarding your disposible income spending (shopping, trips, dining out, etc):
How much are fuel prices affecting your spending habits?
Drastically:5 (6.8%)
A lot:17 (23.0%)
Somewhat:18 (24.3%)
Minimally:16 (21.6%)
Not at all:18 (24.3%)
Total:74
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#2 Aug 16 2006 at 9:35 AM Rating: Decent
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As of so far, the gas prices haven't stopped me from heading 30+ miles once a week to spend disposable cash on comic books. But it has caused me to make fewer trips to larger cities around me that my friends live in (all of them 50+ miles away).

~Rock
#3 Aug 16 2006 at 9:36 AM Rating: Decent
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Minimal impact for me. But then again, I have like a 3.5 mile drive to work. I also don't drive a ****** car.
#4 Aug 16 2006 at 9:37 AM Rating: Excellent
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It's definitely leaped ahead priority-wise on my budget. I used to assume I would have enough disposable income for gas, but now it's like rent. If I don't have at least $40 ever week for it, I quit eating/going out. If it goes much higher, though, I will definitely be looking for employment elsewhere. I can't fathom $4/gallon. It would kill the little fun-money I have.
#5 Aug 16 2006 at 9:39 AM Rating: Good
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funnily enough, it was one reason brought up by realtors as to why the market is so slow in my area for selling. No one wants to buy a house that is inexpensive compared to others closer to the cities, when they're going to be spending $100 a week on gas commuting. It adds up.
Husband spends $100 a week right now commuting to work, and we're trying to prepare for the possibility of staying through the winter. One way to compensate for the high oil prices during the winter is to see if he can stay home and work remotely, thus saving that $100. That in turn, will be put towards paying the high oil prices so we can keep our house warm enough not to freeze.

edited because I realized I put down 200 instead of 100.... shurrup



Edited, Aug 16th 2006 at 10:46am EDT by DSD
#6 Aug 16 2006 at 9:42 AM Rating: Decent
Happily, I am a "Not At All". I am also of the opinion that if you can't afford to pay for your gas you should either a) take a bus, b)find a job you can walk to, c) buy a bicycle or d) kill yourself. F'ucking whiners.
#7 Aug 16 2006 at 9:44 AM Rating: Excellent
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Damn, you're bad ***! Smiley: laugh
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#8 Aug 16 2006 at 9:45 AM Rating: Good
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morning Moe =)
#9 Aug 16 2006 at 9:51 AM Rating: Excellent
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Living in a small town I've always been lucky enough to walk or bike to work. Gas prices don't affect me badly.

Hopefully natural gas doesn't go up too much this year. My house isn't really insulated all that well. I guess they didn't worry about things like insulation 70 years ago.
#10 Aug 16 2006 at 9:52 AM Rating: Good
Minimally, my job is about 1.5 miles away and Mrs. drives 2 miles to the train station and commutes via PUBLIC TRANSPORTATION. I picked minimally instead of not at all, because after two weeks from filling up taking a $40 hit to fill back up is worse then the old $12-$20 hit.

#11 Aug 16 2006 at 9:52 AM Rating: Decent
Luckily, I'm able to work from home and save myself the 100 mile/day round-trip I was previously making. At this point it isn't really affecting me at all, but if I started having to drive to the office on a regular basis, it would hit me pretty hard.
#12 Aug 16 2006 at 10:00 AM Rating: Excellent
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Driving to this job isn't really an option. It's the only reliable, safe way. There is no train station that stops near it (or one near my house, for that matter), so even if I got up two hours before I usually do and make the three connections I need to, I still am not at work per se. I'll be damned if I'll walk through the neighborhood and risk bullets flying at me.

Plus, if I'm going to pay for parking, it'll be where I can get to my car easily, not at some station 30 miles south.
#13 Aug 16 2006 at 10:05 AM Rating: Excellent
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I picked "somewhat" as my commute is not nearly as bad as Flea's however I pay the lion's share of our entertainment expenses so what I *do* spend on gas probably affects our restaurant choices more than Flea's gas spending does.

Right now, it's probably closer to "a lot" because the rental company gave me some Jeep Liberty as my rental while my considerably more fuel efficent Mazda 6 is in the shop. The Jeep, while fun to drive and impressive in its handling, consumes gas like a motherfuck. I should be back in the Mazda by Monday though.
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#14 Aug 16 2006 at 10:12 AM Rating: Excellent
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If it hits $4 a gal, I will definitely cut back some, as school is 30 miles away. The worst part of it all is... 60 miles round trip for ONE FREAKING HOUR A DAY!

Edit: since gas is at $2.74 here, I have now decided to go and hoard gas...

Edited, Aug 16th 2006 at 11:12am EDT by Darqflame
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#15 Aug 16 2006 at 10:13 AM Rating: Good
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Jophiel wrote:
I pay the lion's share of our entertainment expenses

As well you should. We are technically, still courting.
#16 Aug 16 2006 at 10:15 AM Rating: Decent
Kween Darqflame wrote:
If it hits $4 a gal, I will definitely cut back some, as school is 30 miles away. The worst part of it all is... 60 miles round trip for ONE FREAKING HOUR A DAY!
Oh hell, this just reminded me that come January I'll be making 150-mile round trip to school 2x per week. Lovely.
#17 Aug 16 2006 at 10:16 AM Rating: Excellent
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Working from home, ********

Also, grats on making Allakhazam.com's 400th poll. Woohoo!
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#18 Aug 16 2006 at 10:19 AM Rating: Excellent
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Danalog the Vengeful Programmer wrote:
Working from home, ********

Also, grats on making Allakhazam.com's 400th poll. Woohoo!


I also work from home, nya nya... and on my last semester at Uni (just for you Nobs)

Then whatever will I do with all my $$$, oh yeah trips to England. /sigh
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#19 Aug 16 2006 at 10:27 AM Rating: Decent
I had to go with "A Lot" even though my office is a mere 10 miles from me, I sit in Des Moines I80 morning traffic for 45 minutes to get here. I also drive A LOT for work, picking up abstracts, making filings at the Court House, yada, yada puts a clamp on it. Considering my Co. only pays 24 cents a mile (when the Fed is 44 1/2 cents a mile, BASTARDS!) doesn't help.

Also having a daughter in the Quad-Cities (Rock Island) that I share custody, a 180 Mile Trip (one way) every weekend is hitting the wallet pretty hard.

I think I need a raise.

Edited, Aug 16th 2006 at 11:34am EDT by Kaelesh
#20 Aug 16 2006 at 10:56 AM Rating: Decent
I drive 21 miles each way to work. It isn't as bad as it used to be since the promotion, but still its motivating me to put some money aside to buy another motorcycle. Added to the better mileage than my Frontier, the motorcycle will let me use the commuter lane to and from work. [non-premium smilie]

I'm also glad for the Costco membership. They are charging $2.97 when most of the cheaper gas stations, like Arco and Valero, are still at $3.15. The damned Shell and Exxon stations are charging $3.39+. It's only about 2 miles off the freeway on the way home so thats helped save a bit.



Edited, Aug 16th 2006 at 11:58am EDT by BloodwolfeX
#21 Aug 16 2006 at 11:01 AM Rating: Good
I just started a new job and have a hell of a commute...76 miles each direction. Even still, I spend less that $100 gas per week...which is much less than the extra money that came with this new job.

For the most part our spending habits are the same. We are spending less but it's not due to gas as it is as too the baby.
#22 Aug 16 2006 at 11:01 AM Rating: Decent
I chose somewhat because I do not drive that often and my work is 2 miles away. It still hurts to spend over 100 dollars to fill up the tanks of my vechiles that used to cost me 40 dollars to fill up about 3 years ago.

It also deters visting my family in another state on the weekend when I used to make that drive just to visit for a day for a cost of 40 dollars, where as now each trip costs about 90 dollars.

Edited, Aug 16th 2006 at 12:07pm EDT by Proroc
#23 Aug 16 2006 at 11:19 AM Rating: Good
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Kween Darqflame wrote:


Then whatever will I do with all my $$$, oh yeah trips to England, where it's £7.80 a gallon. /sigh
FTFY! Smiley: lol

1,000 miles this week, but the lower French prices help. €1.22 a litre for Diesel here (about $6.50 I think - maths > Nobby).
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#24 Aug 16 2006 at 11:30 AM Rating: Decent
Quote:
€1.22 a litre for Diesel here (about $6.50 I think


Ya, but European fuel prices are high due to taxes. The money (at least in theory) goes toward road maintenance and other infrastructure projects. Here in the US it goes toward the $400 Million bonus for the CEO of an oil company.

The oil prices are even hurting numerous communities because the petroleum based binder for the asphalt is driving up the prices of road repair and new road construction. I was listening to NPR yesterday and many townships are complaining that they having to cancel or reduce road repair projects. So not only are we paying more to drive to our destinations, the road we travel on are getting worse and worse because the local government can't afford to maintain the roads.

The NPR report also went in to how prices of other good are going up due to the increased cost of transporting the goods to various markets.
#25 Aug 16 2006 at 11:36 AM Rating: Excellent
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Which reminds me, I need to get an I-Pass before this weekend. Flea, remind me to get an I-Pass.
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#26 Aug 16 2006 at 11:42 AM Rating: Excellent
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Minimally. I walk or take the subway pretty much everywhere. However, I am aware that fuel costs have a direct impact on other prices, so I expect to feel the pinch even if I don't immediately recognize its source.
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