I Hope Gas Prices Go Up Very High

United States
March 18, 2008 4:47am CST
This is going to sound very strange I think, but the way I see it, things will need to get worse before they can get better in the economy. Think of it this way. If the gas prices get too high, people will end up not being able to drive to work and some people will most likely end up being unemployed. Add on top of that, if they cannot go to work, they cannot pay their bills so many people will become homeless. If businesses are firing people, the business will start to fail. With failing businesses, it will eventually affect the government officials. I mean, where do a lot of them get their money from? People also cannot pay their taxes, which is where politicians get their money. Maybe if things went into a downward spiral like that, the higher ups will realize something needs to be done and fast. What do you think about this? Do you think that higher gas prices going even higher is a blessing in disguise? I'm sure many many people are getting sick of working two or three jobs a day just to barely get by. With everyone so busy, all they can do is complain about the economy. They cannot actually do anything about it.
3 responses
@jwfarrimond (4474)
19 Mar 08
A higher price for fuel in America will not stop people from driving to work. Here in the UK, petrol is about $7.00 per US gallon (most of that is tax) but that does not stop people from driving to work nor companies delivering goods to the shops. Our standard of living is comparable to that of the USA and the cost of living, food for example, is also comparable. Pay levels are actually higher, for example our legal minimum wage is about twice what it is in the USA. (£5.52/$11.00 per hour. The minimum wage in the USA is currently $5.85 an hour, but that is due to rise to $6.55 in July of this year and to about $7.00 in 2009.) If American employers start paying people a decent wage, your economy might be in better shape.
1 person likes this
@deebomb (15323)
• United States
19 Mar 08
As the wages go up so does the price of goods and services. The employer will have to raise the cost of goods in order to meet the raises that he will be forced to pay. Every time I got a cost of living raise My utilities also went up as did the cost of my groceries. Every raise is passed along to the rest of the country. The problem is living beyond our means. we spend more than we make. We are steeling from our future.
• United States
20 Mar 08
Yes, deebomb is correct in his post. The more the minimum wage goes up, everything else in America goes up in price. So, even when they raise the minimum wage, Americans are still trying to get by with what they can save.
@theprogamer (10539)
• United States
20 Mar 08
I would want to see more "positive" and more reasonable reactions to high gas prices. Instead of investing so much into those two extra lanes, or that new highway... maybe some major investment in public transportation: *gasp* "Oh noes! Not buses and rail!" (/sarcasm, /disgust). But things like this need to be considered and should be implemented immediately (albeit the horses are already gone and we're just now seeing the open barn door). I do hope changes like this can occur since current transportation maintenance and expansion is incredibly expensive. A few parts of the US have staggered work schedules and weeks to mitigate traffic, and something like this could help ease the travel need of the workplace. The internet can also allow many people to work from home (though for some employers and employees the execution could be troubling). No matter what happens, the price of gasoline will continue upward (either by market, general increases, and/or falling currency). Due to the fact the society has built itself virtually around the car and has done little to nothing in mitigating this... the impact will be hard, and it will be felt by many. Gasoline at $4, $5, $6 a gallon... people still need to drive, to go to work, to get food, to take kids to school in some instances... for many households there are ZERO alternatives to this. If people still want their cars without a viable option, then that'll be that. Of course, the pinch and cuts that'll happen to other parts of their lives will be quite a sight too. In terms of goods and services, they'll go up (namely groceries) due to the increased cost of transportation. This too will bring a lot of households to their knees. I don't want the worst to happen at all, but the writing is already on the wall. I'm just calling what I see, read, hear and know. The next several years, I wonder how they'll go.
1 person likes this
• New Zealand
18 Mar 08
I thought that the price of petrol is determined by the Arab countries that produce it? However, the price of oil will certainly rise, as supply decreases. I think that if people are unable to go to work, and businesses fail and so on, it wouldn't work for anyone in the end. The workers will probably be poor after being unemployed for some time, and of course the price of everyday items would increase (since the fuel needed to transport the items would cost more) which would contribute to their lack of funds. So if fuel prices did drop, they may not even have a car to use the petrol on, it would also be difficult for them to get a job, since most of the businesses have disappeared. It would take a long time to get everything back to the way it was, and by that time, the fuel prices may have risen to prices even more expensive than before. So, I'd rather have gas prices NOT rise up very high.
• United States
18 Mar 08
Yeah, that would be terrible wouldn't it? I posted this question to see how others felt about it. I seriously doubt people in the government would really come to the aid of the "common" people. As you can tell, you are really biased of the people currently in their offices lol. I know not all are like that, but the majority of them are. I wonder how a recession would affect them? Would it eventually take its toll on their families or would they find their money from somewhere else? I agree, the prices should (hopefully) go down. Right now it is taking half the household's paycheck (which is received every other week) to pay for gas. My aunt said that her family are paying like over $200 a week and they mostly just go to work which is down the road! I think her vehicles (they have two of them) are what's eating at the gas effeciently (however that all works). I just hope groceries don't go up much higher. Since they are affected by the gas price for transportation, and the gas went up a couple of cents in just one day.
@Taskr36 (13925)
• United States
19 Mar 08
It's a common misconception that Arab countries have so much control over the cost of oil. 50% of oil used in the US is US oil. Only 10% of our oil comes from the middle east. The American oil industry just loves to blame Arab countries to keep the light away from themselves while they jack up the prices and make a fortune.