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- - Gas prices (https://www.talkofthevillages.com/forums/current-events-news-541/gas-prices-315290/)

Like nature, economies are all intertwined and I cannot see how the price of gas cannot go up with the policies that, I believe, will be pushed forward. Heating and cooling your home, running vehicles, delivery of all goods and food would be affected. Just because you do not have a job doesn’t mean others don’t and these increased costs will affect them mostly and you too. When your grandchildren ask what you left them, you can show them the trillions of dollars of deficits that they will have to pay.

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Originally Posted by mike1946 (Post 1890414)

Y'all just be glad you don't live in the UK - Gas (Petrol) has been over $9 a gallon for years and diesel even more.

Just stop whining.

Might this be the consequences of entitlements (on an island nation)?

With the present and future decimation of our petroleum industry...$12 - 16/gal. :boom:

Whatever happens will hurt some people but help others. There is a 3.3 trillion dollar deficit and the money has to come from someplace so one way or another we are all going to pay.

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Originally Posted by kkingston57 (Post 1890193)

Matter of supply and DEMAND. People now more likely to work from home, travel is down, fuel efficient cars getting more prevalent etc. We in TV should have the least worries about gas prices. Since moving here I buy less than 10 gallons of gas a month for the cart and car gets filled(20 gallons)up once a month. Even if gas goes to $4 a gallon, this additional cost will be negligible.

For you, what about those poor people who have to work for a living and don’t live under the bubble.

Unfortunately, we won't be for long with the Keystone Pipeline being closed down as of yesterday. Plus, there's a sur-tax on it's way on gas. Really hurts the working families having to commute back and forth to work. Prices of food, anything with plastic will soar.

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Originally Posted by stanley (Post 1889997)

It will definitely go up, but don't worry......the national minimum wage that's going to go up will offset the cost.....:ohdear:

Re: national minimum wage
People do not understand. First of all the dollar is not a defined value. From 1970 or so it takes 7-8 of them to buy the same thing. This past year our dollar lost 7% of it's value.
Fair is in the eyes of the beholder. Savings, pensions, social security it is highly unlikely that they, after taxes will keep pace with inflation.

As prices go up it effects of the cost of almost everything. That coupled with the new $15.00 minimum wage, which will also cause prices to rise and higher unemployment as businesses will pass along these costs to consumers I do not see the economy staying strong very long term. Add on the trillions we are adding to the national debt at some point the bubble is going to burst and it will be time to pay the piper. God help our children and grandchildren when this happens, as we will have left them one heck of a mess.

The minimum wage going up will not offset the cost of gas , food prices going up , will only leave the minimum wage earners poorer .

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Originally Posted by Dr Winston O Boogie jr (Post 1890515)

The president just rejoined the Paris Accord invoked more stringent fuel efficiency mandates, imposed a moratorium on oil and natural gas activities in ANWAR and stopped the Keystone pipeline.

What else could he possibly have done to raise the price of gasoline.

What a lot of people don't realize is that every product sold in this country and many services provided use gasoline. Not only with the price of gasoline go up but the price of every product and many services will increase as well. What the president and those of his party don't seem to understand is that this will affect the poor and middle class way more than it will the wealthy and upper middle class.

Bill Gates, Mark Zuckerberg and others in that class will still travel in their private planes and limos. They don'y worry about the cost of bread going through the roof. It's those on government assistance, minimum wage workers and people trying to raise a family that will be hurt by this.

The democrats response will be to raise the minimum wage which will raise prices even more.

In the first few hours of this presidency, this president has done more damage to this country than the past five presidents combined.

I am thankful that I do not make the decisions. Most people, whoever they are, owe more than they have saved. So inflation is their friend. Most people-the biggest debtor is all of us-the national debt. The national debt last time I looked 28 Trillion dollars.
We talk about that number over and over again. How many besides me realize, face reality that we do no comprehend what one Trillion is let alone 28 of them.

The ten year treasury is now paying about 1% with 2% inflation, the fed target they are
as we blink stealing half of what you are being paid.

We are so distracted fighting each other that we are blind to reality.

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Originally Posted by gatorbill1 (Post 1890173)

No individual or even country controls gas prices. Oil is sold on the commodity market based on supply and demand. A lot of supply is controlled by Middle East countries including Saudi Arabi. Russia seems to have a hand in pricing also. We are a small player.

We don’t need the other countries right now, we as a country had become self sufficient....but not anymore, so I cannot see any benefits coming from the future....

Nonsense. People working the lower paying jobs are not working from home. They need to drive to work. Increasing energy costs are regressive.

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Originally Posted by kkingston57 (Post 1890193)

And what if you are retired????Social security , it won’t go up!!!

Yes but England & Europe have other modes of transportation available: Buses, trains & subways. Unfortunately the USA is a car driving society.

Quote:

Originally Posted by kkingston57 (Post 1890193)

So many things can happen in four years and nobody has a crystal ball. Supply and demand is the formula for the price. There is likely to be less demand (electric vehicles) and plenty of supply. One answer could be about the same as taxes would make up the difference. But that seems wrong. There are Federal taxes and State taxes on gas. The last time the Federal Tax increased was 1993. It’s highly likely this will go up. States have raised gasoline taxes on a regular basis since 1993.

Our roads and bridges need lots of repairs. My guess would be around 3.25 a gallon in four years.