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Who's Hurt—and Who's Not—by $3 Gas

CNBC -- Even though the peak driving season is still months away, gasoline prices have been creeping to their highest level since October 2008, and it looks like consumers should brace themselves for higher prices at the gas pump this summer.

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Submitted Mar 21, 2010 By: CaliberMan71

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Number43 Champion Author Lexington Posts:3,512 Points:679,200 Joined:Oct 2008	Message Posted: Mar 21, 2010 9:28:30 PM Ignore Number43 Report Abuse Even if you think you are not hurt you are. Gas prices affect food pricesalso. It will affect insome way you housing your job your salery and your taxes.
rfe330 All-Star Author Winston-Salem Posts:700 Points:229,275 Joined:Nov 2008	Message Posted: Mar 21, 2010 9:27:23 PM Ignore rfe330 Report Abuse Get used to it. Two dollar gas is history - forever.
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 21, 2010 9:25:19 PM Ignore Rick52 Report Abuse plebe2001de What the HELL are you Smoking ??????? First you say you are glad prices are up then say it will hurt the consumer .. W T F are you trying to say???????????????????????????????
wiwhite87 Champion Author Indiana Posts:1,032 Points:117,445 Joined:May 2009	Message Posted: Mar 21, 2010 9:16:23 PM Ignore wiwhite87 Report Abuse $3/gal gas hurts everyone, however those that have planned and purchased knowing it was an eventuality will fare better. Those that can modify habits to accommodate less driving will fare better (although prices of all products still rise). I know that when $3/gal gas hit in 2006 that my family chose the newly redesigned Honda Civic in part over the Mazda3 and Toyota Corolla because of it having the best promise for fuel mileage. In the high price summers, it's paid off, and in winter it simply has paid off in lesser leaps. On the other hand, I switch to a smaller, sportier car at this time of year opposed to my small pickup that does winter duty. not only is it more fun and suitable to the clearing weather, it nearly doubles my fuel economy.
Plebe2001 Champion Author Philadelphia Posts:2,266 Points:408,950 Joined:Jul 2008	Message Posted: Mar 21, 2010 9:13:45 PM Ignore Plebe2001 Report Abuse We are all hurt by the gas price increasing to a high level.
MidNJ Champion Author New Jersey Posts:1,635 Points:250,535 Joined:Sep 2009	Message Posted: Mar 21, 2010 9:11:33 PM Ignore MidNJ Report Abuse Come on Tea Party members, Join in the fight to blame everything on Obama.
tnsilvertip Champion Author Tennessee Posts:1,199 Points:444,890 Joined:Oct 2005	Message Posted: Mar 21, 2010 9:08:43 PM Ignore tnsilvertip Report Abuse Capitalism at it's best. Make less to keep the price high. After all, there is no real competition so what is to stop them.
Sneakers55 Champion Author Houston Posts:32,080 Points:1,296,320 Joined:Nov 2005	Message Posted: Mar 21, 2010 9:06:45 PM Ignore Sneakers55 Report Abuse regasaz wrote: >I know that retiree's on a fixed income will be hurt by the >coming increases. Retirees on a fixed income need to rethink the allocation of their assets. You can make considerably more than you can get from a certificate of deposit in an intermediate-term corporate bond fund.
plebe2001de Champion Author Delaware Posts:1,067 Points:219,665 Joined:Nov 2009	Message Posted: Mar 21, 2010 9:04:09 PM Ignore plebe2001de Report Abuse Even though I do not drive very much each month, I am not happy with the higher prices. It will drive costs up for everyone as business must recoup the rise in there costs or go out of business. Either way the consumer loses.
PDQBlues Champion Author San Diego Posts:2,279 Points:502,325 Joined:Jan 2009	Message Posted: Mar 21, 2010 9:03:47 PM Ignore PDQBlues Report Abuse In California, gas has been over $3 for years.
Sneakers55 Champion Author Houston Posts:32,080 Points:1,296,320 Joined:Nov 2005	Message Posted: Mar 21, 2010 9:03:36 PM Ignore Sneakers55 Report Abuse Oil royalty holders (not synonymous with "wealthy," you can get part interest for very little money) benefit on high crude prices. The royalties go up much faster than the expenses in a high priced crude market.
regasaz Champion Author Phoenix Posts:1,165 Points:347,820 Joined:Dec 2006	Message Posted: Mar 21, 2010 9:01:53 PM Ignore regasaz Report Abuse I know that retiree's on a fixed income will be hurt by the coming increases. I also know they can no longer blame the gas prices on Bush.
1Casey Champion Author Albany Posts:2,137 Points:997,275 Joined:Jun 2004	Message Posted: Mar 21, 2010 9:01:21 PM Ignore 1Casey Report Abuse This will hurt everyone, except the very wealthy.
remay Champion Author Houston Posts:2,232 Points:1,155,965 Joined:May 2006	Message Posted: Mar 21, 2010 9:00:56 PM Ignore remay Report Abuse "According to Hastings, the situation now is much different than in past oil price spikes. For one thing, technology has created more home-based businesses and jobs that allow for telecommuting. This reduces the dependancy of consumers on driving to get to their jobs. " In just 2 years, the situation is THAT much different? I find it hard to believe.
PithyOpiner Champion Author Stockton Posts:6,886 Points:709,980 Joined:Jun 2008	Message Posted: Mar 21, 2010 9:00:31 PM Ignore PithyOpiner Report Abuse Those without jobs and hunting will be hurt because they will not be able to hunt for a job with the same intensity and drive. That will hurt them and us, too.
Sneakers55 Champion Author Houston Posts:32,080 Points:1,296,320 Joined:Nov 2005	Message Posted: Mar 21, 2010 9:00:11 PM Ignore Sneakers55 Report Abuse I don't buy enough gas for it to make much difference. I only drove 37.9 miles last week. I'm needing to go buy gas tomorrow. I need to go to the bank as there's a check sitting around and banks haven't extended Remote Deposit Capture (RDC) privileges to individual customers. I suspect we'll never get RDC, where business customers submit scanned check images, for individual customers. And I suspect only the best business customers get RDC in the first place. On the other hand, I'm wondering how long they're going to have paper checks in the first place. One box lasts me years as I write only a couple of checks a month.
Rooster922 Veteran Author Wilmington Posts:403 Points:93,565 Joined:Jan 2009	Message Posted: Mar 21, 2010 8:59:05 PM Ignore Rooster922 Report Abuse Not everyone get hurts, some makes good money and drive which not affordable by everyone but would prefer a lower gas price.
mackconsult Champion Author Portland Posts:1,265 Points:268,655 Joined:Jan 2009	Message Posted: Mar 21, 2010 8:58:10 PM Ignore mackconsult Report Abuse it will be an expensive summer for most
janctx Champion Author Lubbock Posts:2,639 Points:856,385 Joined:Nov 2007	Message Posted: Mar 21, 2010 8:57:12 PM Ignore janctx Report Abuse lubbock tx-251 I feel blessed, is this Obamas fault to, does he like us better than most?
biza4u Champion Author New Haven Posts:3,611 Points:657,505 Joined:Jan 2007	Message Posted: Mar 21, 2010 8:53:43 PM Ignore biza4u Report Abuse Everyone gets hurt
brus282 Champion Author North Carolina Posts:4,626 Points:943,225 Joined:Aug 2007	Message Posted: Mar 21, 2010 8:53:16 PM Ignore brus282 Report Abuse you can thank the obamanation for this continued rise in pricing
Buck_on_Bass Champion Author Tennessee Posts:2,795 Points:598,885 Joined:Jul 2007	Message Posted: Mar 21, 2010 8:53:14 PM Ignore Buck_on_Bass Report Abuse High gas prices will slow the recovery of the economy. It stymies the employment of many in areas where jobs are long distance from homes. This hurts tourism in many areas. With the Fed suggesting an interest rate increase is not out of the question, we may see the no job recovery continue much longer than anyone wants.
opecsucks76 Champion Author Milwaukee Posts:1,450 Points:446,845 Joined:Jan 2009	Message Posted: Mar 21, 2010 8:50:46 PM Ignore opecsucks76 Report Abuse Ahh the Wingnuts carping about Obama, they are amusing.
techieBC Rookie Author Vancouver Posts:46 Points:438,520 Joined:May 2008	Message Posted: Mar 21, 2010 8:49:57 PM Ignore techieBC Report Abuse We've been paying over $3 per gallon in BC - we're at over $1 / litre.
Rooster922 Veteran Author Wilmington Posts:403 Points:93,565 Joined:Jan 2009	Message Posted: Mar 21, 2010 8:49:13 PM Ignore Rooster922 Report Abuse Not everyone is hurt, there's a lot who can afford but are inconvenient. You can tell by what they drive.
DellMan Champion Author Omaha Posts:1,917 Points:442,925 Joined:Apr 2008	Message Posted: Mar 21, 2010 8:48:16 PM Ignore DellMan Report Abuse Creeping is not the right word for 15 cent a gallon jumps. Obama won't do anything about it until closer to election time because he will need everything he can to help his Democrat friends in congress get reelected, especially after the pass health care reform against the will of the people.
Gas Thirsty Champion Author Los Angeles Posts:1,879 Points:2,299,780 Joined:Mar 2003	Message Posted: Mar 21, 2010 8:48:15 PM Ignore Gas Thirsty Report Abuse $3 gas is still a bit high for my taste.
mplato Champion Author Columbia Posts:4,231 Points:1,014,610 Joined:Jun 2004	Message Posted: Mar 21, 2010 8:46:24 PM Ignore mplato Report Abuse well....duh.....everyone will be hurt by $3 a gallon......cnbc is moronic.
CorvairHaven Veteran Author Cleveland Posts:349 Points:508,700 Joined:Sep 2008	Message Posted: Mar 21, 2010 8:44:45 PM Ignore CorvairHaven Report Abuse That's what the speculators want you to believe...
utley All-Star Author Edmonton Posts:594 Points:1,012,110 Joined:Aug 2005	Message Posted: Mar 21, 2010 8:43:45 PM Ignore utley Report Abuse $3.00 a gallon gas sounds pretty good to me. Best price I've seen in these parts is 89.4 per litre - about $3.40 a gallon.
camel1 Champion Author Minnesota Posts:3,790 Points:1,328,575 Joined:Jul 2006	Message Posted: Mar 21, 2010 8:35:03 PM Ignore camel1 Report Abuse All consumers are hurt and many travel related businesses since consumers can not afford to travel.
timarcos Champion Author Corpus Christi Posts:1,230 Points:286,740 Joined:Jul 2009	Message Posted: Mar 21, 2010 8:33:57 PM Ignore timarcos Report Abuse look like they are falling as we speak.
Prodaddy Champion Author Houston Posts:3,667 Points:944,535 Joined:May 2007	Message Posted: Mar 21, 2010 8:32:41 PM Ignore Prodaddy Report Abuse $ 3.00 a gallon gas hurts more people than it helps
jjjleblanc Champion Author Rochester Posts:2,206 Points:624,700 Joined:Jun 2008	Message Posted: Mar 21, 2010 8:31:20 PM Ignore jjjleblanc Report Abuse Ouch
CruisinLinda Champion Author Tallahassee Posts:6,443 Points:1,290,975 Joined:Sep 2005	Message Posted: Mar 21, 2010 8:29:15 PM Ignore CruisinLinda Report Abuse Our only hope to mess up their plans to sell is gas at $3+ per gallon is to continue to use less, as if we're still in recession.
dollarwatcher Champion Author Wisconsin Posts:3,002 Points:562,775 Joined:Mar 2007	Message Posted: Mar 21, 2010 8:25:25 PM Ignore dollarwatcher Report Abuse Avoid usless trips like going into town daily to get gas prices to report.
SUV2009 Champion Author Orlando Posts:1,122 Points:264,115 Joined:Oct 2009	Message Posted: Mar 21, 2010 8:20:25 PM Ignore SUV2009 Report Abuse This is not right and we should stop using as much as we do.
netman044 Champion Author Texas Posts:3,844 Points:646,060 Joined:Sep 2005	Message Posted: Mar 21, 2010 8:18:32 PM Ignore netman044 Report Abuse It will hurt the entire economy. Even though supply and demand are apparently no longer factors in fuel prices, disposable income will determine sales. If you only have X dollars left after bills, it will buy less $3.00 gas than it did $2.00 gas.
vegaland Champion Author Houston Posts:2,403 Points:501,795 Joined:May 2006	Message Posted: Mar 21, 2010 8:17:39 PM Ignore vegaland Report Abuse The higher the price, the more interest in high mpg cars.
zeddieiv Champion Author Columbia Posts:3,568 Points:1,065,295 Joined:Oct 2006	Message Posted: Mar 21, 2010 8:15:39 PM Ignore zeddieiv Report Abuse I wonder what this means to Belize
Fitwit Champion Author Stockton Posts:2,083 Points:452,720 Joined:May 2009	Message Posted: Mar 21, 2010 8:13:29 PM Ignore Fitwit Report Abuse Ouch!
tickledpink73 Rookie Author Arkansas Posts:50 Points:334,875 Joined:Apr 2009	Message Posted: Mar 21, 2010 8:12:44 PM Ignore tickledpink73 Report Abuse Everyone is hurt by higher gas prices. The price of fuel affects the prices of many good and services which also rise because of the higher costs for fuel.
fcdriver Champion Author Tennessee Posts:2,849 Points:599,520 Joined:Sep 2008	Message Posted: Mar 21, 2010 8:11:55 PM Ignore fcdriver Report Abuse only people who waste it
MinnesotaDJ Champion Author Minnesota Posts:1,217 Points:119,690 Joined:Feb 2010	Message Posted: Mar 21, 2010 8:10:47 PM Ignore MinnesotaDJ Report Abuse It hurts everyone!
chuck sr Veteran Author Tampa Posts:445 Points:646,560 Joined:Apr 2004	Message Posted: Mar 21, 2010 8:08:54 PM Ignore chuck sr Report Abuse Congress needs to get involved. If they demand enough paperwork, big oil will collapse!
MotoDad Rookie Author Phoenix Posts:62 Points:226,515 Joined:Sep 2006	Message Posted: Mar 21, 2010 8:05:00 PM Ignore MotoDad Report Abuse When is that Chevy Volt going to be available? Everyone needs to buy one. Good for America, Bad for OPEC.
graceman Champion Author Baltimore Posts:1,278 Points:429,750 Joined:Jun 2008	Message Posted: Mar 21, 2010 8:04:26 PM Ignore graceman Report Abuse All of us will be hurt the higher the price, the less we can spend on something else!
XXXTerraGuy Champion Author Allentown Posts:1,629 Points:185,800 Joined:Mar 2004	Message Posted: Mar 21, 2010 8:03:37 PM Ignore XXXTerraGuy Report Abuse It surely makes a diiference for me I usually drive 250 - 285 miles per week My vehicle gets abour 19 mpg on average but there are two major north south roads closed at the same time around my work last week I got about 12.6 mpg..rough
DerHahn Champion Author Illinois Posts:8,112 Points:1,148,100 Joined:May 2004	Message Posted: Mar 21, 2010 8:00:47 PM Ignore DerHahn Report Abuse "he suspects economic forces aren't there to support $4 a gallon gasoline" must not have been paying attention the last few years. of course it's not there. that's what got this whole mess rolling in the first place
Daveyfudd All-Star Author Jackson Posts:868 Points:211,400 Joined:May 2008	Message Posted: Mar 21, 2010 8:00:39 PM Ignore Daveyfudd Report Abuse The poor will hurt the most.
afghaned Champion Author Hamilton Posts:4,353 Points:310,825 Joined:May 2004	Message Posted: Mar 21, 2010 8:00:11 PM Ignore afghaned Report Abuse Good way to keep the USA in recession. Who profits from this & who suffers????
ladyeagle57 Champion Author Maine Posts:3,997 Points:574,615 Joined:Aug 2008	Message Posted: Mar 21, 2010 8:00:08 PM Ignore ladyeagle57 Report Abuse If you are putting more of your money into gas, it takes away from other things...food, rent/mortgage, lights, recreation. Who wants to only drive around, if you cannot have a cup of coffee when you get there?