CHICAGO (MarketWatch) - As gas prices average U.S. $ 4 ascend Toward a gallon to one year in Three Respondent informal poll MarketWatch Asking What Would per-gallon price break Their budgets Said this week THEY Were Already Feeling the bread.
Another 42% Said Could Withstand Their budgets $ 4 a gallon goal THEY Would Have to start snipping Along the edges at $ 5 a gallon. Slightly More Than 11% $ 7 a gallon Said Would Force Them to cut out social activities while close to 10% Said THEY "could handle $ 7 to $ 10 a gallon wreak havoc Would On The Budget.
Oil Prices Still On markets' mindsPaul Vigna looks at Oil Prices and Small Business Optimism Markets in this preview.
"I will not stop buying gas" at any price, "On The Scott8500 posted MarketWatch Community boards. "The books at The Store, Netflix, etc.." Will go INSTEAD.
The economy in 2008 Sputtered Price at The Pump When Pushed Into $ 4-a-gallon for regular gas Territory and stayed There Until July 17 peaking at $ 4.11. And Many People Remembered The harsh reality That $ 4 a gallon Meant to Their Pocketbooks.
"$ 4 broke me the last time and broke me bad," BuyingTime said. "I shut down leisure Spending big time."
With a Recovering Economy still in Such a fragile state, Many Respondent Predicted a double-dip recession if gas prices climbed Much past $ 4 and blamed The Obama administration - as well as the Bush II and Nixon administrations, Fed chief Ben Bernanke, Big Oil and Wall Street - For the hardship. Few reconnu The Civil unrest in oil-producing Countries in Libya, Iran, Iraq and Bahrain or The so-called "fear premium" analysts Insist Is Getting Attached To The price per barrel of oil, Which topped $ 105 on Monday.
'Tough choices ahead binds'Tyranny put it this way: "Breaking Point starts at $ 3/gallon. At That Point 'small luxuries' go away, like The Weekly house cleaner, yard service, etc.. At $ 4/gallon, it gets serious and Along With Other Things, eating out Become a no-no. We're just 'Fortunate' That Obama In The Gulf drilling banned last year So We Have Some Certainty That thesis Prices are here to stay. "
Splitmama HAD this take: "In the long term maybe We Will learn to live with $ 5 a gallon, but right now, They Are Killing the average Joe. Quite Frankly it Sicken me. Just like in 2008, The Price of crude Will get to a point Where It Will Be unsustainable. This Is going to cause this market to crash and burn.
"This is Caused by one thing and one thing only - Ben Bernanke & the printing of money," Splitmama said.
Radically's comments echoed a good Many Others. "California Is Almost $ 4 for regular, I take That premium is $ 4.11.Travel only for necessities, cutting casual pointless trips just because I want to get out of the House. More time at home - less time out, Spending less. "
Many, like ZiknoidFloof, Noted That They Were inundated with High Prices In Other places too. "It's Not Just the gas killing my budget But The Increase in college tuition / books (2 in college), Inflation At The grocery store, 10% pay cut at work .......... I Understand Why now folks Stop Paying Their mortgage na Their Kids Can finish college ...... tough choices ahead binds. "
As in "any energy conversation, There Were A Number Of People Who conservationists were blamed The Crisis The Finger Pointed Others while at Those Who drive gas guzzling cars and, well, Those Who Drive no fax needed payday loans.
On the longer sideThere Was A contingent Who sided thinking That With The High Price At The Pump "could encourage conservation, Among Other Things.
"High Oil Prices Caused by U.S.taxing oil Have Many positive "DandyDon said:
Keep the oil it back in America
It Reduces Demand
It encourages alternative energy
It bolsters U.S. oil independence
It encourages conservation of fuel
It increaser walking and mass transit to relocation rentals
It Reduces greenhouse gas and global warming
It Reduces SUV, RV gas hog and dirty and waste of energy
It encourages carpooling
"In short" we need to lead not to react Others hiking Oil Prices, "DandyDon said.
LoneTexan wasn't as interested in. Gas Prices Breaking the bank as he Was The economy overall. "The real issue" should be 'How Much More Can Take Our Country? "
Theguru, year Obvious Canadian, urged Americans to calm down. "I find it funny When you guys are freaking out over $ 4 gas and Increased taxes. That we've had here for a while now and WE do OK.Will you guys be fine. "
And in Brazil, ELCUERVOMEJICANO Had No sympathy or soothing words. "Here in Brazil the (price) of $ 5.75 a gallon IS sincere 2 or 3 years ago & the Country is doing fine. Why Should it be $ 2 in the USA? I hope it goes to $ 10 in the USA so the Fed stops printing money. "
Many like WAS Gsquare Who Encouraged Consumers to turn to less Costly transportation modes.
"Pay the electric bill. Buy a scooter (Hopefully you live in a warm weather state). Seriously We Need to Rethink The type of cars We Buy. Do not Need SUVs. Get fuel-efficient cars like Europe has done for Years. I still believe in supply / demand. If We Cut consommation We Will Not Be Held over-the proverbial barrel. "
To That, Namedisplay Replied: "Heck With The rising price of grain, Even a horse isn't an option."
Remembering WhenFinally, age has clearly "WAS Factor in Response to the poll as well as" The Answer choices about attitude.Many People Thought The Answer "Gas When It broke my budget broke Above 35 cents" Was a bit weird Because Gas Prices Have Been in the $ 2 - $ 3 range for the Better part of a decade. Those older - But Still Under 60 - fondly remember getting a dollar's worth of gas for a Night On The Town, as this exchange portrays:
Magnum: What a silly poll, Who Can Even imagine gas at 35 cents a gallon?
Pure silliness: Many boomers remember Cdn Cokes 5 percent, 5 percent Snickers, 10 percent pay phones, penny candy, And They Are not Even 60, yet! WAS UNDER gas and 35 cents a gallon!
Roncati: I remember filling up my gas tank from empty for $ 7 back in the 70's.
Blankone: Yea, I remember gas wars at 17 cents a gallon ... But Seriously Those four choices are about as stupid as THEY get ... nice creativity MW ...
PonyX: It's Not the vote. Actually it's The Enormous Growth Of The explosive population sincere your grandparent's time.
Gsquare: 28 cents a gallon When I Started driving in 1972 in NJ
Almost Retired: Gas WAS 35 cents a gallon in late '60 's and early '70' s, The poll is Not silly to me ....
Jennifer Waters's Consumer Confidential: High gas prices force consumer cut-backs
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