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What if gas cost $10.00 a gallon

post #1 of 32
5/17/08 at 7:39am
Thread Starter 
Very interesting article. What if gas cost $10 a gallon? - MSN Money

Tell me what you think?

I agree life would go on. Though it would change. I do believe that we will see gas at $5 and $6 a gallon -- I have resigned myself to that and mentally I'm prepared! But when I saw that $10 - I have to admit, my heart went cold.
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post #2 of 32
5/17/08 at 7:44am
We're at just over $5 a US gallon where we are now. $10 gas scares me. It makes the math on a hybrid a little more attractive.
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post #3 of 32
5/17/08 at 8:08am
I must admit that gas prices so far haven't fazed me. My dh has a company car and gets gas included, and I don't drive all that much. But if gas went to $10 a gallon it would definitely finally get my attention!! DH was talking the other day and saying he hopes they don't take his company car away. He's one of the few people who still has one and we live 45 min away from his work. So if they decided to cost cut and take it away...we'd have a HUGE jump in our gas bills.
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post #4 of 32
5/17/08 at 8:56am
Yes, life would go on, but it would be very different. When I read the article, I thought it was a little short-sided on the view of how increasing gas prices would affect businesses other than the smaller self-employed ones. With oil costs increasing, many things would increase including goods and services, shipment costs, supplies needed to provide or manufacture goods and services, utilities, etc. If the demand decreases due to tightening of consumers' belts, then a business may have to cut costs which may mean a decrease in jobs.
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post #5 of 32
5/17/08 at 11:10am
Thread Starter 
Quote:
Originally Posted by T-shell View Post

Yes, life would go on, but it would be very different. When I read the article, I thought it was a little short-sided on the view of how increasing gas prices would affect businesses other than the smaller self-employed ones.

It's funny you mentioned that. Again, life would go on, I agree. And a lot of people can work from home. But people, who work as cashiers or work for restaurants, those people cannot work from home. I think it would put in more of a divide between the rich and middle class and low income even more so. And that isn't a good thing.
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post #6 of 32
5/17/08 at 12:27pm
Well let me just say IF it did happen I am glad that I decided to get frugal and budget before hand because it would REALLY have a pinch on my budget.

I think if gas went to those prices many jobs would be lost and things would get VERY difficult for our economy as a whole.
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post #7 of 32
5/17/08 at 12:39pm
I wish people who had nothing better to do would stop giving them ideas.
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post #8 of 32
5/18/08 at 4:35am
Its scary to think about that. I mean, we try to conserve gas but people have to work, go to school, buy food etc.
At least the article said it was unlikely to happen.
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post #9 of 32
5/18/08 at 7:04am
London is already paying $10 and Canada is at 7 or 8 last I heard....I think it's time for this country to stop thinking "it's not gonna happen here".
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post #10 of 32
5/18/08 at 5:08pm
We would be getting rid of the SUV and hardly driving. My husband would probably take the train to work. $4 a gallon is hurting our budget, $10 would be much, much worse.
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