mental price adjustments

[crosses]

I don't know exactly how to explain this, but I think that prices have gone up so quickly that many of us have changed the way we view prices with gas. I hear people saying that they wish that gas would go back to $2.50 a gallon as if that is cheap. It wasn't long ago that people were outraged at $2 and now people think that $2.50 is fine. What will happen if it goes up to $5 a gallon. If people adjust so easily to the higher prices, is there any reason for oil companies to lower the price any more than a bit?

Do you think you'll ever see $2 a gallon gas again?

[Dingoluv4eva]

Re: mental price adjustments

yup, i lost all senses of what it was like, when the price was under $1 a gallon about 5 years ago.

i do remember having a gf that i traveled far away to see.. had a sports car and it cost me $20 for that round trip.. today it would be $60 and if it goes to $5 $100!!!!!

last week, when the prices dropped under $3.. saw a gas station at 2.96.. i did a 360 on the road, and cut thru traffic to get to the pump, i was so excited at it being so cheap.

now i have a job close by, and a gf close by.. and it seems long meaningless trips to beaches all over neighboring states are behind us.

[Fern]

Re: mental price adjustments

When i was growing up in suburban NJ, my grandfather owned and operated a gas station in Boonton. I remember the big metal sandwich sign showing the price at .29 a gallon.

The good old days

[akaivyleaf]

Re: mental price adjustments

I'm still lamenting the under a dollar days... Not happy about this recent reprieve that our state's govenor has given us, so I've started taking public transportatioin. Hating every minute of it, but can't see putting my hard earned money in my tank like that.

[mom-from-missouri]

Re: mental price adjustments

I paid $2.29 last night. Today it is $2.59

[PrincessPerky]

Re: mental price adjustments

Well now they have started canceling field trips for public schools around here due to the cost of gas. Apparently children learn better sitting at desks then at science centers and such. Coure the number of parents who idle their cars while waiting in line to drop their kids off at the door suggests to me they don't care one bit about the cost of gas.

[PRICEPLUS]

Re: mental price adjustments

I only drive out of need. I can't afford to just cruise for pleasure. Gas should be under 2 dollars. We are getting hosed!

[cheapbastard]

Re: mental price adjustments

I don't see the price of gas coming down to acceptable prices. There is still plenty of oil to be sucked out of the ground, it is just more expensive to do so. Most of the 'easy' cheap crude oil has beeen used up.

The demand is greater, and will only get greater as China and other Asian nations become more industrialised. Simple economics, "supply and demand". As the demand increases the supply has to increase as well or there will be price rises.

My advice is get used to riding the bus or subway and/or sell your SUV for a small fuel efficient car.

[marglo]

Re: mental price adjustments

That's life...we adapt to what we have to adapt to. I remember when we lived in the midwest and were traveling (this was about 1964), when we crossed the rockies, the gas was .18 or .19 a gallon and we thought that was terrible!! Then a little later on we moved to Southern CA and the price of gas was a whopping .28 a gallon! We didn't see how in the world we would be able to afford that! Realize we were only making about $400 a month before taxes. Now anything below $2.55 sounds good....