At $100 for Tank of Gas, Some Choke on 'Fill It'

News Type: Event — Seeded on Sat Jul 5, 2008 8:10 PM EDT

Article Source: The New York Times

business, the-new-york-times, gas-prices, energy-crisis

The NYT reports: With gasoline prices high and rising, a new financial milestone has arrived: the $100 tank of gas.

Bryan Carisone, a heating and air-conditioning contractor in Raritan, N.J., "absolutely loves" his new GMC Denali XL, an extra-large sport utility vehicle with televisions built into the leather seats. But in June, one week after he bought it, he pulled into a station on a near-empty tank and watched the total climb higher and higher — to $109.

"It just about killed me," Mr. Carisone said.

For decades, the $100 barrel stood as a hypothetical outlier in doom-and-gloom conversations about future oil prices. And nobody could even imagine an American family paying $100 to fill the tank.

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Groups: Left of Center, RantVine, US News and Views
Regions: New York

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{"commentId":2125459,"authorDomain":"2timothy42"}

Sectim42

"It just about killed me," Mr. Carisone said.

Then you shouldn't have bought the Denali.

I just don't get all the hub-bub over high gas prices, especially in light of inflation.

When did we get the idea that the absurdly low gas prices of the 90s were suppose to be the "norm" and not an anomaly of the crash of the Asian market.

{"commentId":2125459,"threadId":"306975","contentId":"1641651","authorDomain":"2timothy42"}

#1 - Sat Jul 5, 2008 10:43 PM EDT

{"commentId":2126114,"authorDomain":"alkimija"}

alkimija

The GMC Denali. Is it just coincidence that rearranging just a couple of letters makes it spell Denial instead?

Who the heck buys a vehicle with tvs built into it and doesn't expect that it will be a white elephant btw?

{"commentId":2126114,"threadId":"306975","contentId":"1641651","authorDomain":"alkimija"}

#2 - Sun Jul 6, 2008 1:48 AM EDT

{"commentId":2126167,"authorDomain":"adventurebooks"}

Robert Blevins - AB of Seattle

People around Seattle have gas hogs parked with 'For Sale' signs in every other yard, it seems. And when you see these rigs, the prices drop every time you drive past. They sit for weeks, and few will touch them.

I have a Jetta I seldom drive. I still go with my old reliable, the '87 Subie 4WD. It's got options and some little modifications for gas efficiency. 35 highway, 28 city. Good enough for a hill climber of major proportions. (laughs)

And I practice 'Is This Trip REALLY Necessary?'

{"commentId":2126167,"threadId":"306975","contentId":"1641651","authorDomain":"adventurebooks"}

1 vote

#3 - Sun Jul 6, 2008 2:10 AM EDT

{"commentId":2127319,"authorDomain":"2timothy42"}

Sectim42

People around Seattle have gas hogs parked with 'For Sale' signs in every other yard, it seems. And when you see these rigs, the prices drop every time you drive past. They sit for weeks, and few will touch them.

This is actually a problem. They have done studies that show that unless you are at a naturally buying cycle of a new care, selling a gas guzzler just to buy a gas sipper doesn't save you any money. Especially if you are selling at a large depreciation.

{"commentId":2127319,"threadId":"306975","contentId":"1641651","authorDomain":"2timothy42"}

#3.1 - Sun Jul 6, 2008 10:48 AM EDT

{"commentId":2128747,"authorDomain":"greenpagan"}

greenpagan

Get a horse and buggy...and plenty of buggy whips...

(There's something to be said for the wisdom of the Luddite POV.)

-- GP

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{"commentId":2128747,"threadId":"306975","contentId":"1641651","authorDomain":"greenpagan"}

1 vote

#4 - Sun Jul 6, 2008 3:46 PM EDT

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GREENPAGAN

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At $100 for Tank of Gas, Some Choke on 'Fill It'

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