And so it begins....Your Musclecar just became a Model T

Thanks Katrina for answering my question :ball:

A couple years ago, I heard a guy say that nothing would keep Musclecar
prices from rising, and that "short of a Nuclear War" nothing would bring
prices back down. Oh really????
Well, how's that investment doing tonight?
Nothing is chiseled in stone.
Never ever say never!

I filled my car Monday at 2.58/gallon, it was 3.56 on my way home :eek2:
and I wasn't rushing home to take the GTO out for a cruise, in fact I stood
in front of my garage asking myself why in the hell I have two car's hogging
all the space in my garage that I can't afford to drive :ball:

Seriously thinking about thinning the herd, can only drive one at a time
anyway.

It's going to get worse before it gets better. Send a message, stay home
this weekend, your wallet will thank you.

Okay, I feel better now.

A wise old man told me once..."If your not a Rich man,you can't afford to
vote Republican" In recent years I can see what he meant :af:

 

Put the car in a cocoon. This happened in the 70s, and things got good enough for SUVs to exist.

It sucks right now, but give it time.

 

Is the GTO on the list of consideration to sell?

 

Every car Tom has had has been under consideration to sell. Since when has he needed an excuse like the price of gas to "thin the herd" ? :laugh:

Seriously, though, if the price of gas continues to climb, my car will stay in the garage. (Not like it's left the garage much anyway)

 

The only times this summer the high gas prices have kept me from driving the W-30 were when the tank was already on E and I didn't feel like filling it during a temporary price peak. When the tank already had fuel in it, I took it out as always.

I put less than 1000 miles on it each summer. At 10 mpg, that's 100 gallons. Even with gas $2 per gallon higher than we'd like, that's just an extra $200 this hobby is costing me. Boo hoo.

 

i agree

 

Tom, are you trying to thin the herd on Sept 16th - 17th ??

don't be giving the racers a 'scuse not to show .........

 

1....2....3....4....5....6....7............

don't be throwing in the white towel before the 8 count. I've owned my cars since people thought I was crazy for wanting an old worthless car and I'll be owning them long after people think I'm crazy for owning an old worthless car. I've had the Challenger since June of '84 and the Runner since '88 so they aren't going anywhere anytime soon just because a rise in gas prices and people are jumping out of the market.
Lon
OO====OO

 

As for me, I am still going to make the Michigan trip. It is going to sting a little (11 mpg going up in the Hurst, 800 miles one way@ $$$$ for Premium= :shock: ), but I have done little with the car this year. Besides, I have to go up and pick up my truck and trailer :Brow: !

 

Well, for my own personal situation: This year I will paid about 2200 a year in insurance. Next year due to my age and the fact I'm getting married, my insurance will drop to less than half that. Sudden I have 1100 a year to spend on gas. I drive 2000 miles a year in the car. At 14.5 mpg that's 140 gallons. Okay then so next year if gas goes up to 8 dollars a gallon. I'm even.

 

i didnt buy my car as an investment,those that do are nuts.

the ones that will lose their shirt are the ones trying to pump the cars they bought in the last 12 months and make a profit.its not happening.best to cut your losses and lick your wounds.

the average working middle class family will feel this gas crunch more than any other,they are the backbone of this country's economy and the most disrespected by corporations and politicians.

heck,winter's right around the corner,as long as i got a grille,garage,and the grocery store close by,ill be ok. :laugh:

by the way,oil prices are going down o No:

 

Gas prices just went up .30 -.40 cents a gallon here today. My neighbor said the cheapest that he saw on the way home from work was 3.11 a gallon. Most was in the 3.40 range.

 

I just ran an 800 mile round trip through Michigan and Indiana in the Power Stroke. Diesel was $2.79, $2.78, etc. all through Indiana, but $2.89 as soon as I crossed the border back into the welfare state of Michigan. Hmmmmm???? What's different? Must be that Republican governor. Seen any of the highway projects around Detroit getting ready for the Super Bowl next year? And you thought Coleman Young's people mover was pork. :laugh: :laugh: :laugh: :laugh:

 

The other white meat ........

 

Diesel was quite a bit cheaper than gas around here, at least through yesterday. I filled up the Cummins Tuesday for $2.409 @ Flying J. Flying J was staying "cheap", but has gone up some (nowhere near as much as gasoline). Like a bad boy, I pumped 53 gals a piece into three 55 gal drums & hauled them to the warehouse. Firemarshall may not like that, but the 3 drums will be empty in a few weeks o No:

JMHO, but diesel is only going to get higher in price as remaining refineries produce more heating oil for the winter. I pray that the winter is mild & more of you northerners burn pellets, firewood, & used motor oil!
Dave, its not only Mich that's hammering the consumer on gas taxs, its states all over the country. Even states which have traditionally had lower tax rates on gasoline, like Oklahoma, are trying to get higher tax rates passed on gas & diesel. Oklahoma's governor's reasoning is the roads are falling apart. Too many years of graft & corruption & poor quality roads being built is more like it.

:3gears:
Roger

 

Man Tom what a downer! :ball: :laugh:

People hoarding fuel and filling up before they need to creates more demand.

More demand drives up the price.

 

The big issue in this case is we do not have the refinery capacity, so when one or more get knocked out as we have here, the system can't handle it.

Why no new refineries in 20 years?

No one wants one in their backyard, no one wants their stock price to drop because of the capital spent, no one wants to move when property is needed for a project....etc etc etc

Yet everyone wants cheap gas. o No:

 

Time for another prediction:

Watch for states everywhere (and maybe the Feds) use this opportunity to significantly increase gas taxes.

We've already spent an entire summer at record prices. After a few more months of crisis-induced $3/gal prices, we'll all be so numb and used to it that no one will complain when prices keep rising due to tax increases.

 

I think its going to go the other way. I was listening to to some talk radio show yesterday and the quest speaker was some guy from Forbes magazine said that next summer oil would be 40 dollars a barrel. He talked about "bubble market" I don,t know its just what I heard.

 

Tom,
You have a P.M.