Where Is The Gas Price Heading?

[foofighter]

Originally Posted by el_d00der1n0

if you don't have a shower at work, baby wipes are very effective. i use some huggies wipes that don't have a baby smell. i also keep some tiny hotel shampoo bottles at work, but that isn't really necessary as of yesterday...

what does that mean???

[ubermensch]

Originally Posted by 6packguywith5spot

I would too if there was a shower or a 24hrs fitness nearby.

But I guess, we are going to have to do it sometimes soon weather there is a shower or not.

I used to think the exact same thing, but finally I cracked and decided to just wipe down with a towel after getting to work and it actually wasn't too bad. I'm about as OCD as they come and I got over it.

[el_d00der1n0]

Originally Posted by foofighter

what does that mean???

buzzzzzzzzzzzz

[CPATCRASH]

Originally Posted by el_d00der1n0

if you don't have a shower at work, baby wipes are very effective. i use some huggies wipes that don't have a baby smell. i also keep some tiny hotel shampoo bottles at work, but that isn't really necessary as of yesterday...

Why? Did you shave your head and tattoo a picture of the Stanley Cup on it?

[foofighter]

Originally Posted by el_d00der1n0

buzzzzzzzzzzzz

that's the best way brian..i did that and love the low maintenance

[el_d00der1n0]

Originally Posted by ubermensch

I used to think the exact same thing, but finally I cracked and decided to just wipe down with a towel after getting to work and it actually wasn't too bad. I'm about as OCD as they come and I got over it.

yep, just find a handi-stall or exec bathroom for some privacy and clean up! don't forget your underwear! i did once and had to go commando.

Originally Posted by CPATCRASH

Why? Did you shave your head and tattoo a picture of the Stanley Cup on it?

told the wife the playoff beard had to go! she didn't miss it.

Originally Posted by foofighter

that's the best way brian..i did that and love the low maintenance

i cut my hair and shave like once a year.

[foofighter]

LOL cuz the last time i saw you you looked like ted kazinski

[0gravity]

Originally Posted by ~ Pakiha ~

Remember France pays $8.94 a gallon, Germany $8.63, and England is at $8.13. MY prediction is that we are going to be over that by same time next year, if not by October. Our culture here is built on the fact that we can drive places, while theirs is a Walking culture. On the flip side bike sales are skyrocketing and that whole obesity epidemic may end. Or people will just keep plugging away and go broke because "I can't bike that Far"

I don't predict we'll hit those levels anytime soon because those countries pile on the gas taxes (around 50%). But those countries also provide free quality health insurance, terrific public transportation systems, worker pensions, and many other social and societal benefits made possible with tax revenue.

[JoeTruth]

I'm afraid these are the sign of the current times and we'll continue to see such losses. One thing is for certain, the rich (oil companies) will get richer and the poor will get poorer. It's safe to assume the majority "middle class" in the US are an endangered specie.

The blue-chip indicator posts its biggest one-day point loss in 15 months, after crude prices see largest one-day advance ever and the dollar slides.

NEW YORK (CNNMoney.com) -- Stocks tanked Friday, with the Dow industrials shedding 395 points, after oil prices spiked more than $11 a barrel and the May jobs report showed a big jump in the unemployment rate.
Bond prices surged, as investors sought safety in government debt, while the dollar tumbled versus the yen and euro.
According to early tallies, the Dow Jones industrial average (INDU) lost 395 points, its biggest one-day point loss since February of 2007, at the start of the subprime mortgage crisis. The selloff Friday amounted to a decline of more than 3%.
The broader Standard & Poor's 500 (SPX) index lost 3.1%, while the Nasdaq composite (COMP) lost 3%. Both saw their biggest declines in more than four months.
The unemployment rate shot up to 5.5% in May from 5.0% in April, the government reported, marking the biggest one-month surge in over 20 years. The report was a clear indication that the economy could be in a recession after all, despite some recent bets that one could be narrowly avoided.
As rattling as the unemployment number was, the stock market was even more spooked by the spike in oil prices, said Bill Stone, chief investment strategist at PNC Wealth Management.
"I think more than anything, it's the shock of oil prices being up this substantially two days in a row," Stone said.
Crude has jumped over $16 in two sessions, with prices settling up $10.75 to $138.54 a barrel Friday.
"You're definitely seeing the fear trade today, with the dollar down, commodity prices up and bonds rallying," he said.

[theothermrt]

Originally Posted by el_d00der1n0

don't forget your underwear! i did once and had to go commando.

tmi dude...tmi

[lmnop]

Originally Posted by JoeTruth

I'm afraid these are the sign of the current times and we'll continue to see such losses. One thing is for certain, the rich (oil companies) will get richer and the poor will get poorer. It's safe to assume the majority "middle class" in the US are an endangered specie.

The blue-chip indicator posts its biggest one-day point loss in 15 months, after crude prices see largest one-day advance ever and the dollar slides.

Okay, everybody quit talking this way. All these negative vibes mean a certain Boston transplant is going to have to post something to the effect of "Now children..."

[Evil Chocula]

What goes up, must come down. It might not be tomorrow, or maybe not this summer, but the dollar will regain strength and the price of oil will come down. The commodity bull market is on it's last legs, IMO.

I'm sure there's some CNBC jockeys on here that will disagree, but only time will tell .

Originally Posted by JoeTruth

I'm afraid these are the sign of the current times and we'll continue to see such losses. One thing is for certain, the rich (oil companies) will get richer and the poor will get poorer. It's safe to assume the majority "middle class" in the US are an endangered specie.

The blue-chip indicator posts its biggest one-day point loss in 15 months, after crude prices see largest one-day advance ever and the dollar slides.

NEW YORK (CNNMoney.com) -- Stocks tanked Friday, with the Dow industrials shedding 395 points, after oil prices spiked more than $11 a barrel and the May jobs report showed a big jump in the unemployment rate.
Bond prices surged, as investors sought safety in government debt, while the dollar tumbled versus the yen and euro.
According to early tallies, the Dow Jones industrial average (INDU) lost 395 points, its biggest one-day point loss since February of 2007, at the start of the subprime mortgage crisis. The selloff Friday amounted to a decline of more than 3%.
The broader Standard & Poor's 500 (SPX) index lost 3.1%, while the Nasdaq composite (COMP) lost 3%. Both saw their biggest declines in more than four months.
The unemployment rate shot up to 5.5% in May from 5.0% in April, the government reported, marking the biggest one-month surge in over 20 years. The report was a clear indication that the economy could be in a recession after all, despite some recent bets that one could be narrowly avoided.
As rattling as the unemployment number was, the stock market was even more spooked by the spike in oil prices, said Bill Stone, chief investment strategist at PNC Wealth Management.
"I think more than anything, it's the shock of oil prices being up this substantially two days in a row," Stone said.
Crude has jumped over $16 in two sessions, with prices settling up $10.75 to $138.54 a barrel Friday.
"You're definitely seeing the fear trade today, with the dollar down, commodity prices up and bonds rallying," he said.

The first lesson my mentor taught about investing and economics: whatever the popular media is reporting, is ussaully the opposite of what you should be doing or thinking.

Is it true? So far.. but who knows? I'm not worried. If you have any cash to invest, this weekend is an AWESOME time to buy the S&P.

Originally Posted by lmnop

Okay, everybody quit talking this way. All these negative vibes mean a certain Boston transplant is going to have to post something to the effect of "Now children..."

Is that me? If so, just trying to save you bubbs some anxiety.

[Shannon]

I'm really fortunate to work at home. However, making the trip once a month from Morro Bay to SoCal so see family and friends is getting harder and harder with these gas prices.

[92se-r]

I agree to a certain extent evil. Up those 401k contributions folks. I think retard Ben has run out of ways to devalue the dollar and it should start regaining some strength next year. When this happens commodities will start going down. Housing will still be weak until fundamentals catch up and the economy will be going up and down for a while. We still have a few more years to sort out this credit mess. I dont think oil prices will stay sky high. People cite demand from China and India but you have to keep in mind, our weakened economy directly affects theirs. If our demand goes down, they do too.

[lmnop]

Originally Posted by 92se-r

I dont think oil prices will stay sky high. People cite demand from China and India but you have to keep in mind, our weakened economy directly affects theirs. If our demand goes down, they do too.

Why wouldn't oil prices stay high? You are only referring to the demand side of the equation, what about supply? It is no secret that there is less and less of this stuff. That which is there is harder and harder to get to.

[6packguywith5spot]

You are right. European pay an average of $8 to 9 per gallon, but you need to realize that they have great public transportation system that we don't have here.

Also, at almost every other block, there is a little mama and papa grocery store for their daily needs. Here, you have to drive at least a mile to get to a grocery store if you are lucky. Otherwise it is at least 2 to 5 miles till you get to one.

And another big thing is that let's say you are driving from San Diego to Sacramento which is little less than a 1000 miles and you are still in the state of California.

Drivng 1000 miles, will get you through 1 or maybe 2 countries.

And look what they drive? Sub compact or compact. And not everyone owns a car there. Besides, they don't have their own oil. It all comes from other countires.

When it comes to gas, all I care and want is $2.75 per gallon gas again, which I think will not be a reality ever again.

Originally Posted by ~ Pakiha ~

Remember France pays $8.94 a gallon, Germany $8.63, and England is at $8.13. MY prediction is that we are going to be over that by same time next year, if not by October. Our culture here is built on the fact that we can drive places, while theirs is a Walking culture. On the flip side bike sales are skyrocketing and that whole obesity epidemic may end. Or people will just keep plugging away and go broke because "I can't bike that Far"

[allison]

I read an interesting article about it today saying it'd be similar to what has happened in the housing market.

I'm gonna hold out for that option.