Should there be a cap on Gas prices?? (Full Version)

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Leslie_JnJs_mom -> Should there be a cap on Gas prices?? (4/19/2008 5:31:07 PM)

So gas here is 3.29 and in places around here is it as high as 3.49 a gallon. These prices are causing food and other products we buy to go up as well. I could not believe when I saw the price of a dozen eggs for instance. I was thinking while in the check out line looking at how much more the things I needed to were that this has to stop. Making cars that working people like myself cannot afford anyways is no solution for us and many others in our situation. What do you think?



HighPlainsDrifter -> RE: Should there be a cap on Gas prices?? (4/19/2008 5:38:26 PM)

I guess maybe if you want gas lines. The Chinese and Indians will buy whatever they can't sell here for market price. And, the ridiculous food prices surfacing right now have much more to do with the federally-subsidized foolishness known as ethanol. Lesson one from the 21st century, don't burn food for energy.



karlie -> RE: Should there be a cap on Gas prices?? (4/19/2008 5:41:15 PM)

We're already pushing $4.00 here. The cheapest I can get it is $3.85, so we will no doubt be paying over $4.00 in another month here.

I definitely think something is going to have to be done. It won't be too much longer before the working poor and even middle class people are going to have a hard time getting to and from their jobs just so they can buy more gas [8|] I heard some arrogant CEO of one of the large oil companies on the news the other day say they were feeling the pinch too, and if people are having a hard time, they need to walk more. Yea, I bet he's doing that [8|] It's a nice suggestion if people live in areas where they can take public transit or walk/bike, but that's not an option for a lot of people, especially those who commute beyond city limits and/or have to cart heavy tools and supplies with them.



martyfran -> RE: Should there be a cap on Gas prices?? (4/19/2008 5:41:16 PM)

The problem with capping gas prices, is that it doesn't solve the problem. It just changes it. If gas prices were capped, we could have a situation like that which occured in the early 70's. Gas prices were capped, but there was a shortage of gasoline. People had to wait in lines to get gas, or they could only get gas on certain days.



Pat-rebel_lady -> RE: Should there be a cap on Gas prices?? (4/19/2008 5:48:28 PM)

quote:

ORIGINAL: martyfran

The problem with capping gas prices, is that it doesn't solve the problem. It just changes it. If gas prices were capped, we could have a situation like that which occured in the early 70's. Gas prices were capped, but there was a shortage of gasoline. People had to wait in lines to get gas, or they could only get gas on certain days.

I sure do remember those days. But hey..., what can I tell you --- this too.... shall pass.



Leslie_JnJs_mom -> RE: Should there be a cap on Gas prices?? (4/19/2008 5:53:26 PM)

We live out in the country. My husband drives 40 or so miles to work. I would love to move closer. We have had our home on the market since before this gas thing blew up so bad but there is also a housing problem too. I do not know what we are going to do.



SonInMe1 -> RE: Should there be a cap on Gas prices?? (4/19/2008 5:53:36 PM)

Wage and price controls were tried before...Nixon..and led this nation to its worst recession since the depression.

Try buying a gallon of gas in Europe.

Anyone remember that TRUE recession of the 70's? Double digit inflation? Not this little economic setbacks they call "recessions" today but a real one?



colliefan -> RE: Should there be a cap on Gas prices?? (4/19/2008 6:06:00 PM)

Remember Jimmy Carter: double digit intrest rates, unemployment, inflation. As has been posted, wage/price/rent controls do not work,
Pray the hurricane insitute doesn't come out with a forecast that will cause prices to jump any more : "we will see a gazillion huricanes, with a billion of them serious, and a million of these hitting land."



Pat-rebel_lady -> RE: Should there be a cap on Gas prices?? (4/19/2008 6:15:11 PM)

quote:

Anyone remember that TRUE recession of the 70's? Double digit inflation? Not this little economic setbacks they call "recessions" today but a real one?

I Sure DO!!
And I remember the aftermath years of the great depression era [1929-1940], I was born in '41'; you were blessed if you had meat to eat more than once a week (everyone saved scrapes off the meat for soups & stews during the week) we all looked forward to Sunday dinners; you only heated one room of your home (no inside plumbing in those days) to save on fuel, and other many things people had gotten use to having they had to do without. Oh Yes, I remember!!



StephK -> RE: Should there be a cap on Gas prices?? (4/19/2008 8:06:21 PM)

quote:

ORIGINAL: 2monkeysmom

So gas here is 3.29 and in places around here is it as high as 3.49 a gallon. These prices are causing food and other products we buy to go up as well. I could not believe when I saw the price of a dozen eggs for instance. I was thinking while in the check out line looking at how much more the things I needed to were that this has to stop. Making cars that working people like myself cannot afford anyways is no solution for us and many others in our situation. What do you think?


Part of the problem with the high food cost is the fact that they are using food to make ethanol.



Miss Giggles -> RE: Should there be a cap on Gas prices?? (4/19/2008 8:44:28 PM)

No there should not be a cap on gas prices. However we could do better with more fuel efficient cars and better public transportation.. but we are a pretty wasteful society.. there are plenty of people driving down the freeways at 90 mph in their pickups/suvs .. slowing down to the speed limit would save some fuel. We are a society that won't walk across the parking lot to get into a store so the idea of getting more people to bike to work will fail. I have nothing against SUVS except the majority of people that buy them drive around with 1 or 2 people most of the time.

Food prices are going up because diesel fuel costs are up. Almost all delivery trucks use diesel.

Of course I live in Michigan and I believe the auto industry lobbies against improving public transportation in this state.



FurGodWurLivin -> RE: Should there be a cap on Gas prices?? (4/19/2008 10:03:45 PM)

Were I to offer a solution... it would be attacking the OPEC organization. This for of collusion and the Cartel mindset is setting outrageous prices for oil based on the balogna claim of a weak dollar, and some "oil shortage" that many scientists agree doesn't exist yet. Because OPEC essentially sets the prices on oil globally, breaking it apart would go a long way towards lowering the price.

If we want to affect the pump price directly and quickly, lets cut the federal and state level taxes on gasoline. Right now some 42 cents of ever gallon of gas you pay for goes directly to the Government. Imagine if gas were to suddenly drop from $3.30/gallon to something more along the lines of $2.80? It's possible. Slash taxes on the end-product, and cut the taxes for oil companies so they can produce their product cheaper. My solutions are never popular... good thing I don't intend them to be.

Adam



colliefan -> RE: Should there be a cap on Gas prices?? (4/19/2008 10:43:23 PM)

quote:

Right now some 42 cents of ever gallon of gas you pay for goes directly to the Government


In NC, the state tax alone is about 45 cents per gallon.



stamper_ben -> RE: Should there be a cap on Gas prices?? (4/19/2008 11:52:01 PM)

If we want to lessen our dependence on OPEC while we search for other alternative sources of energy, open up drilling off the coasts, in the Gulf of Mexico and in Alaska. Free up what oil we do use to create electricity by building nuclear plants to take its place.



Pat-rebel_lady -> RE: Should there be a cap on Gas prices?? (4/20/2008 12:28:19 AM)

quote:

If we want to affect the pump price directly and quickly, lets cut the federal and state level taxes on gasoline. Right now some 42 cents of ever gallon of gas you pay for goes directly to the Government. Imagine if gas were to suddenly drop from $3.30/gallon to something more along the lines of $2.80? It's possible. Slash taxes on the end-product, and cut the taxes for oil companies so they can produce their product cheaper. My solutions are never popular... good thing I don't intend them to be.

McCain's Gas Tax Holiday: Smart Politics, Stupid Policy.
Sen. John McCain wants to eliminate the federal gas tax for three months to ease the pain American voters are feeling at the pump. It's a brilliant political move, but it's lousy public policy.

McCain's proposal would suspend the 18.4-cent tax on gasoline (and the 24.4-cent levy on diesel fuel) from Memorial Day until Labor Day. He also called on the federal government to stop adding to the Strategic Petroleum Reserve, thereby easing demand for oil. His announcement came as crude oil futures hit a record $113.93 a barrel and the average price of gasoline stood at $3.38 a gallon.

"The effect will be an immediate economic stimulus - taking a few dollars off the price of a tank of gas every time a family, a farmer, or trucker stops to fill up," McCain said during a speech in which he laid out his economic policy. "And because the cost of gas affects the price of food, packaging, and just about everything else, these immediate steps will help to spread relief across the American economy."
Story HERE



SonInMe1 -> RE: Should there be a cap on Gas prices?? (4/20/2008 12:55:22 AM)

I agree with ben.

Want lower gas prices? Outlaw socialist enviromentalism.



Pat-rebel_lady -> RE: Should there be a cap on Gas prices?? (4/20/2008 1:30:58 AM)

quote:

ORIGINAL: stamper_ben

If we want to lessen our dependence on OPEC while we search for other alternative sources of energy, open up drilling off the coasts, in the Gulf of Mexico and in Alaska. Free up what oil we do use to create electricity by building nuclear plants to take its place.

Gulf of Mexico?? [sm=icon_smile_question.gif] I mean I understand Alaska, because it IS one of our States, but ..... Gulf of Mexico??



SonInMe1 -> RE: Should there be a cap on Gas prices?? (4/20/2008 4:55:14 AM)

We have a few states bordering the Gulf and, I forget the distance but some of those waters are "our's".



crm4souls -> RE: Should there be a cap on Gas prices?? (4/20/2008 4:58:26 AM)

How high will gas prices go this summer is the question? Will we cross the $4 or even $5 mark. In my travels to Europe I have always been shocked to see the prices they pay for gas, and now it is catching up to the US. It is wild to watch, and interesting to see how it plays out.



SonInMe1 -> RE: Should there be a cap on Gas prices?? (4/20/2008 5:17:46 AM)

Maybe people will have to drive something that gets good gas milage?

I doubt it.

A couple years ago it cost me thirty dollars to fill up. Now its 50

Oh well.



_Cinderella_ -> RE: Should there be a cap on Gas prices?? (4/20/2008 5:32:27 AM)

It seems like the experts have said several times now that gas will be $4 or $5 a gallon and it has yet to happen. This week is the first time I have ever paid $3.53, so it is slowly edging up. I personally think it will be a couple more years before gas is $4 nation wide.



Pat-rebel_lady -> RE: Should there be a cap on Gas prices?? (4/20/2008 8:45:25 AM)

quote:

ORIGINAL: SonInMe1

We have a few states bordering the Gulf and, I forget the distance but some of those waters are "our's".

I thought you were talking 'land', because I seem to remember we had Oil Riggs in the 'waters' in the Gulf when Hurricane Katrina hit. Maybe not, maybe I'm dreaming.



StephK -> RE: Should there be a cap on Gas prices?? (4/20/2008 12:15:32 PM)

quote:

ORIGINAL: Pat-rebel_lady

quote:

ORIGINAL: stamper_ben

If we want to lessen our dependence on OPEC while we search for other alternative sources of energy, open up drilling off the coasts, in the Gulf of Mexico and in Alaska. Free up what oil we do use to create electricity by building nuclear plants to take its place.

Gulf of Mexico?? [sm=icon_smile_question.gif] I mean I understand Alaska, because it IS one of our States, but ..... Gulf of Mexico??


I live about 30 minutes from that Gulf of Mexico and they are drilling like gangbusters out there. Texas, Louisiana, Mississippi and Alabama do allow drilling but Florida doesn't at this time. There is a very large but very deep oil field just off of the Louisiana and Texas coast. They finally have the technology to do the deep water drilling. Hurricane Rita did more damage to the oil platforms than Katrina. If another major storm forms or enters the gulf the gas prices will rise too. Hurricane season is just around the corner. [:o]



Leslie_JnJs_mom -> RE: Should there be a cap on Gas prices?? (4/20/2008 12:54:11 PM)

quote:

ORIGINAL: stamper_ben

If we want to lessen our dependence on OPEC while we search for other alternative sources of energy, open up drilling off the coasts, in the Gulf of Mexico and in Alaska. Free up what oil we do use to create electricity by building nuclear plants to take its place.



That is what we need to do but for some reason our government is scared of a small group instead of the rest of the country. I dont get it.

Then what is funny is last night on the news they talked about why food is so high. I guess I should have waited a few hours before posting. It is because they are using food for fuel. Someone else on here said that also. This is the first time I have heard of that. I just put 2 and 2 together and figured it was because it cost more to get it to the stores.



StephK -> RE: Should there be a cap on Gas prices?? (4/20/2008 1:37:23 PM)

The cost of the fuel is part of the rise in food prices. The rise in fuel prices has many causes. The vocal and well organized minority of environmentalist have been focused on achieving their agenda. They have been quite successful in getting policies changed. Unfortunately we get stuck with paying for their faulty beliefs.



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