Why We Should Celebrate $8 Per Gallon Gas

Most Americans are mad about the ever-rising gas price (latest prediction: $6 to $7 per gallon in 6 to 24 months), but not Chris Pummer of MarketWatch. He said that when gas hits $8 per gallon, we should celebrate instead and gave us 8 reasons why.

For example:

7. Restoration of financial discipline
Far too many Americans live beyond their means and nowhere is that more apparent than with our car payments. Enabled by eager lenders, many middle-income families carry two monthly payments of $400 or more on $20,000-plus vehicles that consume upwards of $15,000 of their annual take-home pay factoring in insurance, maintenance and gas.
The sting of forking over $100 per fill-up would force all of us to look hard at how much of our precious income we blow on a transport
vehicle that sits idle most of the time, and spur demand for the less-costly and more fuel-efficient small sedans and hatchbacks that Europeans have been driving for decades.

See if you agree: Link

Previously on Neatorama: Is $120 Oil Actually Good for Us?

Newest 5
Newest 5 Comments

I'm getting so pissed off at all the "just ride a bike" comments. Did it ever occur to you that not everybody has a job that will allow them to do that? I'm a freelance musician who plays a large instrument that I couldn't get onto a bike to save my life. Public transportation is not an option for me either, or I'd do that in a heartbeat. I have to travel all over Southern California, and gas prices are killing me. Please stop with all the "sell your car" crap.
Abusive comment hidden. (Show it anyway.)
Just ride a bike or take transit for in-town trips, and get a scooter for longer commutes, or maybe save the car for long trips.

I live car-free, and when I quit, gas was around $2/gallon, and I thought it was getting excessive then.. then I realized, with a good driving record, that I was still essentially subsidizing the cost of my insurance and driving for the lack of responsibility every one else seems to show on the road- thus, I took it upon myself to power myself where I need to go, and trade in a ridiculous, wasteful, unnecessary expense in a car for a slightly higher rent payment, to live closer to where I work and play, or at least closer to transit for that.

that's really the best option, honestly, particularly for people without large families.
Abusive comment hidden. (Show it anyway.)
Though I hate it when I see people driving Hummers and Escalades, there is actually another reason that there are few very small cars in the US. The government has very strict guidelines on car safety, and a lot of those tiny European and Japanese car models don't have enough of a crumple zone to pass the guidelines. Though I would love to have a very energy-efficient car, I also don't want to die instantly when some SUV hits me going 75mph on the highway. Also, people seem to forget that fuel cells, solar panels, etc. take up a huge amount of energy to make. It is generally more environmentally friendly to keep driving an older or used car than to discard it for a brand new more "energy-efficient" model. I'm not saying that I don't think we need to change, but there is a lot of background to this issue that people aren't aware of.
Abusive comment hidden. (Show it anyway.)
Tony LaRocca

for you to say that if someone can afford a thing then they should be allowed to do it displays AMAZING lack of comprehension.

I can afford to build and run a nuclear car that spills depleted uranium around your neighbourhood, and so can all of my friensds with enought money to do the same.

Are you quite so relaxed about that?

Also YOU look out of YOUR window and YOU see only one SUV in YOUR street, so YOU say that there are only one person drives an SUV.

see this is taking the PARTICULAR and extrapolating it to the geneeral.

It is the argument of a child.

Also the price of oil is not effected by the war in Iraq.

You'll find that prioduction is the same as it was , a little highher if truth be told, Iraq was not allowed to seell oil under Saddam, only trade a little for essentials like medicine. So they were off the international market since 92. The demand has remained the same more or less in line with prjected figures, since gulf war 2 began.

So if you apply the theory, much beloved of US free marketeers, SUPPLY AND DEMAND, if the supply and the demand are unchanged then where did the price hike come from?

Senior execs at Aramco (google it) have been interviewed saying It is down to market speculation and a consumer concern.

We are all prepared for a price hike so one ciomes.

As he said, it a bad time to be buying oil, but it's a great time to be selling it.

Now the other point is that the US population uses a HUGEKLY disproportionate amount of the worlds resources, and wagging your finger at Europe and calling them "Elitist" euro-weenies and all the usual stuff is NOT actually and answer.

Europe has it's problems and are trying to fix them.

the US refused to sign the Kyoto Prptocols, the US government stuck it's fingers in it's ears went La LA La refusing to believe in Climate change.

You have to unsderstand this is the equivelant of all the nations in the world all in ahot tub, the US takes a piss but insists that it's only pissing in it's part of the hot tub.
Abusive comment hidden. (Show it anyway.)
The MAIN problem is the Government...
TAXES should be on the cars, but the Gov dont tax Cars or GAS fully.
Every other nation TAXES them to the HILT..

IF they dont sell the SELLERS drop the prices..so the prices will maintain.
Abusive comment hidden. (Show it anyway.)
Commenting is closed.

Email This Post to a Friend
"Why We Should Celebrate $8 Per Gallon Gas"

Separate multiple emails with a comma. Limit 5.


Success! Your email has been sent!

close window

This website uses cookies.

This website uses cookies to improve user experience. By using this website you consent to all cookies in accordance with our Privacy Policy.

I agree
Learn More