posted on Apr, 13 2011 @ 12:04 AM
I read today that starting about 5 weeks ago, major gas stations noticed the total amount of gasoline being sold dropped over 3 percent in most
locations. I thought I read economists found this interesting since Americans had been increasing their consumption of gas especially with higher
employment and more people driving.
I can sum up what happened. About 5 weeks ago I realized how much money I was spending on gas, going out, etc. etc. and I decided I needed to cut a
lot of that out. I did and still am conserving gas. I'm spending a whole lot less money than I used to. Multiply me times several million others
and you'll understand what's happening.
I blame the Fed's policy of quantitative easing where they were so worried about deflation they wanted to drive up prices of stocks and commodities.
Well they succeeded. They also succeeded in creating a lot of inflation and higher interest rates with the value of the dollar plummeting. Now
instead of pumping up stock prices, they may want to maintain the value of the dollar and keep interest rates down and let stocks take a dive. It's a
dangerous game the Fed is playing and our entire economy could go up in flames big time. I believe seeing gas prices getting close to $4 a gallon has
a psychology impact worse than any so called wealth effect from stocks going up. I believe the Fed has been getting early information and has been
using the so called POMO money to support interest rates and the dollar instead of pumping up stock prices. They can't do both at the same time.
At the pump I complain about price gouging but since all gas stations are price gouging, who is there to complain to? I managed to cut out over 300
miles this past month though. I figure I need to cut back and save as much money as I can while I still can. If things continue going downhill,
everyone will be looking to cut back and save everywhere possible.
Gas prices at several stations suddenly jumped up about 14 cents overnight to $3.67, then when they noticed no one was buying any gas, they dropped
the price down a few pennies. I believe there is routine price gouging going on because I thought stations were not supposed to raise their prices
until they got new supplies in and had to pay the higher prices. I don't believe every station in town routinely gets their gas at the same time and
that it is suddenly worth 10 to 15 cents more each time. Yet the stations keep jumping the gas prices up. I noticed this was going on back in
February when the market price of oil had been dropping for a few weeks. I thought it was really a rip off back then.
I did read that our current leader supports a gradual increase to high gas prices so that we'll all start conserving and use hybrid or alternative
vehicles. What an idiot I'm thinking, if people have less income, they can't very easily afford to buy a more expensive vehicle. We need to drill
everywhere and take advantage of natural gas and coal to liquid fuel and whatever else we have that works. Of course if our money becomes worthless
because someone did not raise the debt ceiling or cut out enough massive government spending, then just being able to afford to buy some overpriced
food will be a bigger problem. If gas is $1000 a gallon, I'll walk everywhere. If a loaf of bread is $100 a loaf, I'll have to buy it but will use
edit on 13/4/11 by orionthehunter because: (no reason given)