Stopped by to say good bye.....

[MarineHawk]

Originally Posted by OrangeCrush

What I meant is as a whole, gas prices will go up. They may drop to 2.75 (example) a gallon according to your expert but it will eventually go up through the natural progression of the economy.

When I was younger, gas was less than a buck for a gallon. It has NEVER gone down.... sure it has it's spikes and drops but inflation will keep pushing it up.

What I'm saying is even if gas was to drop for example to 2.75, inflation will make the price rise and soon it will be 3 or 4 dollars a gallon.

Come back to this thread and tell me when gas hits and stays at 2 bucks a gallon. It'll never happen....

For the quantity of oil we have stockpiled in this country, gas shouldn't be over 2 bucks a gallon.

Anyway, it wasn't just the gas, it was the 2500 in car payments, the 103K miles, etc, etc.

Tim, (ttkresurfacing) on this forum is a good friend of mine. He has a little bit more mileage than I do and he hasn't had the best of luck keeping his truck running. Every week it's something. I just figured while my truck was in next to perfect shape, I'd let it go before I started to have problems.

Mark

I'm not saying you shouldn't wimp out and sell (just kidding), but the ONLY thing that could possibly matter is the price of gas relative to inflation. It's fairly high now, but, if, hypothetically, it dropped to $2.75 (and never got below $2.00) and stayed below $3.00 for a long time, it would be way cheaper than it was, in real terms, in 1980--because, by then, $2.75 will be worth a lot less. http://static.seekingalpha.com/uploa...0080620_38.png

For example:

In 1970, a gallon of gas was $0.36, but an average new car cost only $3,900. http://www.elcovaforums.com/forums/n...reply&p=491350
A pretty expensive car was, like $6K.

Can you imagine, in 1970, being told that you would have to pay $25K for a Ford Taurus? A new house cost less than that--$23.4K. A king sized bean bag chair was only $19.99 (wait, never mind, that's about the same as now thanks to Wal Mart and China).

In 1980, a gallon of gas had skyrocketed (sound familiar) to $1.19, and by 1981, it was up to about $1.35 ($3.17 in today's dollars), and by 1989 it was still only 97 cents. http://www.thepeoplehistory.com/1980s.html

By 1999, gas was all of the way up to $1.22. http://www.inflationdata.com/inflati...line_price.jpg
In 1981, if you had told someone that, 18 years later, gas prices, which had spiked so sharply (tripled in a short time), would actually be be LOWER (actually less than half the price in inflation-adjusted cost), everyone would have thought you were crazy.

The same may be true now. There is a bubble. It is starting to burst. Gas may be much cheaper ten years from now. Who knows? I think it will be.