Will rising gas prices completely kill the already weak economy?

Discussion in 'Economics' started by latinotrader, Feb 9, 2011.

  1. clacy


    It definitely doesn't help. It takes more money to be productive with higher energy costs. More money for companies to transport (anything), means less money for hiring and payroll.
  2. It's not gonna kill the economy, but it will definitely have a strong effect. :(
  3. In cities where energy industry is dominant like Houston we are very happy.

    I wish oil goes to $200/barrel
  4. S2007S


    The other day paid close to $3.60 a gallon for regular. Happy times are hear again and Bubble ben bernanke is only making it better, haha.
  5. pupu


    Cost of goods is no longer relevant

    Nothing can beat the fed presses:

    1. The one claiming no inflation

    2 The one claiming dropping unemployment

    3. The one printing trillions

    and if prices goes up it's just growth and increased GDP=more reason for endless rallies, cheers and high fives between the Beard and oDumbo.

    :D :D :D
  6. If you believe gas is going up, you should buy UGA. One hundred shares buys you about 1400 gallons.
  7. Live close to where you work.

    Problem fixed.
  8. I remember when gas hit $4.25/gal in Houston in 2008, I saw 20-30 people in bus stations which never happened before in houston

    I saw guys with suit and tie riding motorbikes in the rush hour

    Saturday traffic was so light, I was shocked. Usually streets were full of cars.

    I was pumping gas in Sams Club and all of a sudden behind the pump an old lady screamed.

    So I walked towards her and saw that she was looking at the digital screen that shows 90 dollars

    She was pumping premiuim gas to a Lexus Jeep.

    I said relax, calm down. but she was in a hype mode.

    Those were the days:eek:
  9. S2007S


    Lexus Jeep??

    You mean the GX 470 or the LX 470???

    Plus why was she screaming, those suvs go for $65k++++ I think she can afford to fill the tank.

    Those are extremely high gas guzzlers....

    It probably wasnt the RX...

    Yesterday saw a gm truck fill up, cost was around $70.00 and that did NOT include full service where they check your oil and clean your windows....

    :p :p :p :p :p
    #10     Feb 10, 2011