Better than Roulette: Betting on gas prices!
Is this a sad sign of the times we live in or what? Betting on gas prices! The worst part is that the line is even on gas hitting $4.00 a gallon in short order. Anybody wanna take that bet? I'll stay out of it myself... I only gamble with chips that aren't worth anything. Feel free to comment on the gas prices in your area, but remember that what we are talking about here is the national average gas price. I understand that in some parts of the country, you may be paying over $4.00 a gallon already, which is probably why nobody would be surprised if that figure swept the rest of the nation too. Where I live, finding gas under three-fifty would send the lines into the street. Of course, ethanol is cheaper, but you need a flex-fuel capable car to use it of course, which I do not have. But, there is no sense complaining about the prices, since I do have a choice. Remember to check all of the alternative choices out there when it's time to purchase your next vehicle. Electrics should hit the market sooner or later, and diesel is currently selling well below the price of gasoline.
Or I suppose if you won a bunch of money betting that prices would go up, you might not mind the high prices so much. Or maybe you would, if all of your winnings went into filling your own tank. That sounds like the start of some kind of vicious circle to me! I need to go lie down.
Related:
- As gas prices shoot up (again), the U.S. House votes against price gouging
- Hearings on gas company price-gouging bill in D.C. today
[Source: Autoblog]
Reader Comments (Page 1 of 1)
support08 3:24AM (2/11/2008)
USA needs to conquer more oil rich nations, then the fuel prices will drop. Or give it back to them by developing hydrogen powered vehicles. No more Russian Roulete.
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1985 Gripen 6:03PM (5/25/2007)
I'll bet that the average U.S. regular unleaded gasoline price stays below USD4.00 per U.S. gallon for quite some time barring disaster, natural or manmade.
The reason being that it's been widely reported by various economists that $4 is a tipping point where people start changing their driving habits and buying more fuel efficient cars. This is the last thing the oil companies want. As the price gets closer to $4 the demand starts to drop. In turn so do revenues. OPEC will adjust production to keep the price in the U.S. below $4. You can bank on it.
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ambush 1:12AM (5/29/2007)
Up here in Canada we're already over that once you convert currency and litres to gallons.
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