Originally posted by: rh71
One other thing, I think people make too big a deal out of gas money. Do the math... unless you're a poor college student or someone doing 100 miles a day... you don't feel it much over the course of a year. Some people spend it on beer, some people spend it on the car they like.
That's what Big 3 used to think in late 90s when price of gasoline was less than $1.50/gallon, they laugh at Toyota/ Honda's Hybrid project.
hmm...... Can they do the math? I am sure there are many top financial analyst / accountant graduated from top school working for them.
This is chain reaction.. no?
We don't decrease the demand on gasoline, and the price continue to rise.
Transportation business add its cost on to their service.
Farmer Joe pay for the increase service , and increase the price on its potato.
We then pay more for the potato and we go to Congress. Government demand rise on minimum pay. Operating cost for company rise, then cut down the insurnace benefit.
Oops..now you get less benefit and paying higher price. And your "increase" salary doesn't justified the cost rise on your life style, so you have less saving. Oh..now you going to have kids and you left him NOTHING for his college life...so we got more "poor" college kids.....
I dont know about you, but it seems that cost per gallon at your local pump X 10,000 is what one should made just to stay alive?