Reality of oil's record highs pushes consumers to change behavior

With oil and gasoline prices at all-time highs, the most luxurious indulgence of the seductively-curved Lamborghini Gallardo Spyder might be that it gets 12 miles per gallon. Read more
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lisa m

United States

#2 Apr 18, 2008
Oops. I think I posted twice, because I didn't think the first one worked ...(delete?)

“Ds and Rs are crooks.”

Since: Apr 08

Berwyn, IL

#3 Apr 19, 2008
Do you want $60.00 barrel of oil. Then drill in the USA. China is drilling right off FL. Why is that not being reported.
Tough Love

Piscataway, NJ

#4 Apr 19, 2008
need 3rd party wrote:
Do you want $60.00 barrel of oil. Then drill in the USA. China is drilling right off FL. Why is that not being reported.
It's not going to happen. There just isn't the quantity there to provide a solution. We need ALTERNATIVES to oil. We should be burning rubber to develop hydrogen technology.

I am interested in the China drilling. Do you have a link?
Dan Mosqueda

United States

#5 Apr 19, 2008
The comment about wealthy people not caring about cost of fuel is common, but not true. My sister is very well off and drives a high-powered foreign exotic, but it's driving her crazy to payout so much for fuel. Her husband drove a huge pick-up and he is fed up with shelling out $1,200 monthly in fuel and parked it. He bought a Prius as his work car. The savings about to $750 monthly including the cost of the Prius. So, I'd say many wealthy Americans, while they can afford the prices, don't want to waste their money any more than the rest of us.

Stuart Varney of Fox Business Channel believes the cutbacks by American consumers are much more widespread and significant than the markets are considering and that gas will take a tumble due to a lack of demand by Christmas. I think my own family bears this out. I dumped my SUV for a Focus. I cut my gas bill by 50%.
J Seville

Palatine, IL

#6 Apr 19, 2008
Wow, gas has gone up as well as the oil companies profits. Should we feel bad and actually buy into this B.S. when Oil Companies record 316 BILLION dollars in profits. LOL we are getting suckered.
Babiegurl

Chicago, IL

#7 Apr 19, 2008
I'm grateful to be able to work from home. 10 bucks in my Saturn Vue lasts at least two weeks if that!!!
Jason

Chicago, IL

#8 Apr 19, 2008
Time to go back to World War Two gas rationing where most people will get their C-cards for three gallons a week. Exceptions will be for those in vital professions, such as emergency personnel who can qualify for an A-card. All others will take public transit or ride a bike as civilians did in WW Two. Once the consumption drops, the environmentalists will be ecstatic, the Middle East oil princes will have to trade in their Queen Mary-sized yachts for row boats, and the government coffers will be emptied with their loss of over a dollar in taxes on every gallon. Can't wait.
Sanbourne

Chicago, IL

#9 Apr 19, 2008
The World War II analogy sounds good. The Japanese and French powered their cars with charcoal burners. Don't know if it will work on the environmentalists' Volvos, but I'm sure all of them will volunteer for it. (Disregard the heavy smoke and carcinogens; anything to satisfy the anti-oil crowd).
Jason

United States

#10 Apr 19, 2008
I thought Bush went to war for oil? What happened? Year 6 of the war and gas prices are at an all time high? It's amazing that a president who's family made its' millions in the oil industry can't even get this right!
J Seville

Palatine, IL

#11 Apr 19, 2008
Jason wrote:
I thought Bush went to war for oil? What happened? Year 6 of the war and gas prices are at an all time high? It's amazing that a president who's family made its' millions in the oil industry can't even get this right!
Lets see 316 BILLION dollars in profit per year, I think Bush got it right. Take control over oil, jack up prices, make ridiculous profits.
The R

Chicago, IL

#12 Apr 19, 2008
Jason wrote:
Time to go back to World War Two gas rationing where most people will get their C-cards for three gallons a week. Exceptions will be for those in vital professions, such as emergency personnel who can qualify for an A-card. All others will take public transit or ride a bike as civilians did in WW Two. Once the consumption drops, the environmentalists will be ecstatic, the Middle East oil princes will have to trade in their Queen Mary-sized yachts for row boats, and the government coffers will be emptied with their loss of over a dollar in taxes on every gallon. Can't wait.
Keep dreaming, friend.
scott

Whitesboro, TX

#13 Apr 19, 2008
Make Iran eat there oil.......
billp

Pittsburgh, PA

#14 Apr 19, 2008
Gas is not a right! We have been underpaying for years. Ask yourself, is this trip really necessary? It is time to become responsible more than ever. Most people put themselves into debt because they have an I don't care attitude. Older people usually are happier, they are satisfied than the spoiled I want it all brats of today! Homes as well. Gas should be the least of your problems!
Kemo

Chicago, IL

#15 Apr 19, 2008
I feel sorry for the people who live in the suburbs that have to drive everywhere.
Dan

United States

#16 Apr 19, 2008
I don't know what the price has to hit before people's behaviors change. I'm still stuck behind huge SUVs, I still see people accelerating through heavy traffic just to get one car length ahead, and I still see people gunning their cars when the light turns green like they're driving on a drag strip. Most Americans are stupid and selfish, but when their piggish habits drive up the price of gas, we're all affected.
Danaidh

Chicago, IL

#17 Apr 19, 2008
J Seville and Jason both show a lot of economic ignorance.

As stated in the story, China and India--both of whom dwarf the U.S. in population--are using more oil. It isn't about us anymore; we have to bid prices against the rest of the world to obtain oil.

The story also mentioned that countries that have oil also have problems with rule of law. In Nigeria, a major pipeline was damaged recently.(We even have pipeline and refinery problems here in the U.S., although not due to insurgents or rebels.) All of which cuts back production (supply).

And don't forget the impact of taxes. Here in Illinois, the tax is a percentage of the price. The higher the price goes, the more money that goes to the state.
Emmy in Evanston

Petoskey, MI

#18 Apr 19, 2008
Just who is controlling oil prices? It's not only the growth of India and China. There is something else going on, and it's not OPEC either. What do you want a bet that someday it comes to light that there are a cadre of movers and shakers on an international level, maybe even a hedge fund. They're speculators, and they're making a fortune by betting that the price of oil will go up -- and guess what?
jake

Cambridge, MA

#19 Apr 19, 2008
Astonishingly, the response of politicians to the inevitable rise in the price of oil is to blame foreigners or environmentalists or the oil companies while promising to bring the price of oil down. That's a fantasy. The world's oil is getting harder to extract at the same time demand is rapidly increasing. Over the long run the price of oil is only going up.

We need to start adapting instead of living in this fantasy world. We need to invest heavily in public transit and intercity rail and research on clean energy. So what's the Illinois govt doing? Blagojevich proposed a capital bill that funds roads at a rate five times higher than transit (in the last capital bill the ratio was 2:1).

This is asinine. We need to start giving people the option of not using their cars, and stop throwing money down the black hole of car culture. Call your legislators and ask them to fund transit at a much higher rate so people can start getting where they want to go at a reasonable price and without increasing global warming.
Emmy in Evanston

Petoskey, MI

#20 Apr 19, 2008
In addition to batching my errands, I do my utmost not to drive at all. Fortunately, I live 5 blocks from work, 6 blocks from the grocery, etc. My husband lives across the street from his office. For the last 10 years, we lived in northern MI out in the country about 4 miles from anything in town. While I miss that location, I am thrilled to walk everywhere now that we're in Evanston. I'm also going to get rid of my car in a year, and we'll then share one car. When I need my own, I'll use either igo or zipcar, and public transportation when possible. Besides no longer paying all the gas money, we won't have the car payments, insurance, or rent for garage space. I can't wait. All those oil people are going to have to make their money from someone else. At least I'll be doing the amount I personally can to make a difference and get out from under their collective thumbs.
Mowog

Brookfield, IL

#21 Apr 19, 2008
Quit driving SUV's. Lower demand is what's going to lower the prices. Period.

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