You nailed it, Les. - Saab General Bulletin Board - Saabnet.com
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You nailed it, Les.
Posted by Noel [Email] (more from Noel) on Mon, 2 May 2011 06:18:50
In Reply to: gas not yet expensive enough for people to change, Les_H, Sun, 1 May 2011 07:52:34
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Gasoline has a whole lot of price elasticity. A big part of that is because we need it to run our cars, but if the price hurts, it's easy enough to cut back on the amount of driving one does, or make other changes in spending.
To fill a 17 gallon tank at $3/gallon costs $51. At $4 it's $68. That's $17 a week or $3.40 per workday --about the price for a medium cup of coffee at Starbucks. Cut out the daily stop at Starbucks and you've covered the gas cost.
It used to be thought that $4 was the tipping point, but one wonders where it really is.
Posts in this Thread:
- High gas prices, friend or foe?, No Snaab, Fri, 29 Apr 2011 20:43:22
- make adjustments to your lifestyle, Railhead , Sat, 30 Apr 2011 23:53:55
- Re: Acceptable milage, American vs European, BobS, Sat, 30 Apr 2011 18:43:37
- Put a frog in boiling water..., Ken , Sat, 30 Apr 2011 15:11:07
- Long term or short term?, Noel, Sat, 30 Apr 2011 06:36:04
- Losing an arm or leg, friend or foe?, Reality, Sat, 30 Apr 2011 01:30:39
- Re: Losing an arm or leg, friend or foe?, TML , Sat, 30 Apr 2011 05:06:04
- Some basic facts, Reality, Sat, 30 Apr 2011 07:50:35
- Re: Some basic facts, TML , Sat, 30 Apr 2011 13:34:41
- but,, kurt, Sat, 30 Apr 2011 11:37:13
- Re: but,, Reality, Sat, 30 Apr 2011 18:17:17
- Re: High gas prices, friend or foe?, Mark from Toronto, Fri, 29 Apr 2011 21:56:09
- Re: High gas prices, friend ...?, AlS, Fri, 29 Apr 2011 22:29:58
- Everything not to like, Reality, Sat, 30 Apr 2011 11:16:38
- I agree 100%, Mike Johnson, Sat, 30 Apr 2011 07:29:24
- Re: High gas prices, friend ...?, EGD , Sat, 30 Apr 2011 04:28:11
- Re: High gas prices, friend ...?, George K, Sat, 30 Apr 2011 13:26:26
- How about...., Noel, Sun, 1 May 2011 06:58:44
- I agree, No Snaab, Sat, 30 Apr 2011 15:29:02
- Re: High gas prices, friend ...?, Kkelley, Sat, 30 Apr 2011 15:19:17
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