What happens when oil hits $100? Well this article paints a gloomy picture of that scenario. http://www.bloomberg.com/apps/news?pid=20601109&sid=a1aGJ64Na3g8&refer=home
For those that actually read this blog and pay for their gasoline, (I've received only one comment so far, Thanks Colby) how many have curbed their driving habits with the run up in fuel costs? What is your tipping point in terms of $ per gallon in which you would drastically cut back on driving if possible?
For what its worth, I try not to drive anywhere, within reason. I'll drive to work and to the store, but beyond that I really have to have a good reason to drive beyond a few miles. Our trips down south now take on a miserly tone as I try and draft behind the vehicles in front of me and stay below 75mph at all times. Our kids will most likely see less of the Western US than I did because the price of gasoline is so much more of a budget buster. My tipping point would probably be around $3.15 per gallon in the summer and $3.50 in winter (summer being easier to ride a bike in). Anyway there you go Colby, a meager post on Oil.
1 comment:
Well, Clint you know how much I drive. But, In my defense I do drive 70mph on the freeway(yea, try going 65mph up in SLC, you'll get ran over) and the drafting seems to be a Radmall trait. I like finding a nice big rig rolling along at 70mph and following it. But, I think that $3.30 to $3.40 is my breaking point. However, It makes it easier when you got a car that gets 34MPG. I can't imagine driving a SUV or a diesel very far with the prices that they are.
Okay, Clint here's another, is it a supply problem with fuel or the dollar falling or a combination of both that is the "official reason" for such high prices?
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