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Gasoline prices curtail discretionary spending

Press Enterprise -- Putting enough gasoline into your car to get to and from work is one of those expenditures that’s considered a necessity, which means a lot of items that might be classified as luxuries take a back seat when the price of fuel gets close to $5 per gallon.

That is not good news for an economy that derives more than two-thirds of its activity from consumer spending. If people are forced to spend an extra $50 each month just to commute to a job, it means their discretionary income, which could otherwise go toward new clothes, home furnishings or even a meal at a modest restaurant, is being eaten up.

The price of gas escalated sharply this week and was averaging $4.48 per gallon in Riverside and San Bernardino on Friday, Oct. 5, according to the Automobile Club of Southern California. That’s

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Submitted Oct 06, 2012 By: skb69sa

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honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Oct 13, 2012 6:30:08 AM Ignore honda0105 Report Abuse really... would have never thought that to be the case.
listerone Champion Author Boston Posts:3,375 Points:877,040 Joined:Aug 2008	Message Posted: Oct 8, 2012 5:36:22 AM Ignore listerone Report Abuse 1/20/2013...The End Of An Error
jrs4125 Champion Author Indiana Posts:2,748 Points:589,795 Joined:Sep 2011	Message Posted: Oct 8, 2012 4:28:11 AM Ignore jrs4125 Report Abuse Get used to it.
Nancy&Len Champion Author Cleveland Posts:2,043 Points:1,943,865 Joined:Sep 2004	Message Posted: Oct 7, 2012 6:10:40 AM Ignore Nancy&Len Report Abuse Really
bababooey2 Champion Author Hartford Posts:6,342 Points:1,300,890 Joined:Sep 2009	Message Posted: Oct 7, 2012 4:55:43 AM Ignore bababooey2 Report Abuse We need to be told this
tomok Champion Author Portland Posts:32,970 Points:2,344,535 Joined:Aug 2006	Message Posted: Oct 7, 2012 3:17:57 AM Ignore tomok Report Abuse Gasoline prices curtail discretionary spending but fuel for the vehicle continues to cost too much and it's getting higher! More of the same high fuel prices for too many years! Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Fred's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Fred's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Fred spins those numbers! People will still drive and buy fuel no matter what but it sure helps to have a job too! The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal benefit. How much will gas prices go up and they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 is Not the new low! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
crreed1 Champion Author West Virginia Posts:1,980 Points:2,525,360 Joined:May 2005	Message Posted: Oct 6, 2012 10:17:31 PM Ignore crreed1 Report Abuse old news
Buck_on_Bass Champion Author Tennessee Posts:7,569 Points:1,454,335 Joined:Jul 2007	Message Posted: Oct 6, 2012 10:13:23 PM Ignore Buck_on_Bass Report Abuse Nothing new here.
N5EXY Champion Author Austin Posts:5,487 Points:1,508,655 Joined:Jul 2004	Message Posted: Oct 6, 2012 10:11:35 PM Ignore N5EXY Report Abuse Next recession, DrCashFlow? When did we get out of the last one, when the politicians said unemployment went under 8%?
rahcat Champion Author Grand Rapids Posts:2,463 Points:661,225 Joined:Jan 2010	Message Posted: Oct 6, 2012 10:10:02 PM Ignore rahcat Report Abuse Duh??????? No kidding.
goldseeker Champion Author West Virginia Posts:19,537 Points:2,717,840 Joined:Sep 2005	Message Posted: Oct 6, 2012 10:08:55 PM Ignore goldseeker Report Abuse Yep.
1fulltank Champion Author Buffalo Posts:7,898 Points:1,543,335 Joined:Nov 2008	Message Posted: Oct 6, 2012 10:08:25 PM Ignore 1fulltank Report Abuse Similar article posted very recently.
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:895,585 Joined:Aug 2010	Message Posted: Oct 6, 2012 10:08:12 PM Ignore heartbroken2010 Report Abuse that will do it.
judgemobile Champion Author Ohio Posts:7,560 Points:2,443,185 Joined:Nov 2005	Message Posted: Oct 6, 2012 10:08:04 PM Ignore judgemobile Report Abuse can't wait for Bummer to brag about his energy record at next debate. The only energy he spends is swinging a golf club. [Edited by: judgemobile at 10/7/2012 12:08:53 AM EST]
arb0526 Champion Author Greensboro Posts:1,971 Points:408,895 Joined:Mar 2011	Message Posted: Oct 6, 2012 10:07:58 PM Ignore arb0526 Report Abuse ok
Quick68 Champion Author Columbus Posts:8,218 Points:1,224,825 Joined:Dec 2009	Message Posted: Oct 6, 2012 10:07:23 PM Ignore Quick68 Report Abuse If Obama prints more money the price of gas will go even higher.
greydog13 Veteran Author Iowa Posts:266 Points:491,275 Joined:Feb 2011	Message Posted: Oct 6, 2012 10:07:22 PM Ignore greydog13 Report Abuse hmmmmmmmmmmmm
dsaine Champion Author North Carolina Posts:2,987 Points:630,545 Joined:May 2011	Message Posted: Oct 6, 2012 10:06:31 PM Ignore dsaine Report Abuse K
12766 Champion Author New York Posts:2,438 Points:1,482,340 Joined:Oct 2008	Message Posted: Oct 6, 2012 10:06:25 PM Ignore 12766 Report Abuse OK
jem069 Champion Author Detroit Posts:2,533 Points:686,105 Joined:Jan 2011	Message Posted: Oct 6, 2012 10:06:10 PM Ignore jem069 Report Abuse Ok
Cashless Champion Author Akron Posts:3,510 Points:733,105 Joined:Apr 2011	Message Posted: Oct 6, 2012 10:02:39 PM Ignore Cashless Report Abuse I'd say it does.
thinkaboutit Champion Author Colorado Posts:1,069 Points:75,710 Joined:Jul 2005	Message Posted: Oct 6, 2012 10:00:49 PM Ignore thinkaboutit Report Abuse People will go by experience and not diligently count the zeroes (nothing happening events) to arrive at a probability. Rather, confusion of observation, effectiveness and probability is widespread, to the point that fudged facts (observations) come into play. Which side of the brain is winning? Does one regulate things to change people (like speculators)?
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,625,275 Joined:Jun 2008	Message Posted: Oct 6, 2012 9:59:47 PM Ignore DrCashFlow Report Abuse next recession is upon us
dabbadu Champion Author New York Posts:1,056 Points:659,505 Joined:Feb 2011	Message Posted: Oct 6, 2012 9:57:59 PM Ignore dabbadu Report Abuse Tediously old "news."
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Oct 6, 2012 9:56:59 PM Ignore fuelsaverMN Report Abuse I have to conserve what money i have for important things and not luxuries since i am on a fixed income.
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Oct 6, 2012 9:55:06 PM Ignore mstearno Report Abuse just like tax hikes do
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Oct 6, 2012 9:54:24 PM Ignore fuelsaverMN Report Abuse "NO MORE NOBAMA". HE WILL BE DEFEATED IN 2012.
spheremaker1 Champion Author Arizona Posts:1,035 Points:1,131,175 Joined:May 2006	Message Posted: Oct 6, 2012 9:53:06 PM Ignore spheremaker1 Report Abuse the FEDS are the ones who make speculating possible.. that is their rules.
jdc17327 Champion Author Pennsylvania Posts:2,555 Points:197,690 Joined:May 2009	Message Posted: Oct 6, 2012 9:52:40 PM Ignore jdc17327 Report Abuse just what we DO NOT NEED...to help the wonderful...economy!
Marson Champion Author Scranton Posts:8,937 Points:2,076,210 Joined:Oct 2006	Message Posted: Oct 6, 2012 9:52:36 PM Ignore Marson Report Abuse Really, how brilliant a deduction, tell Obozo about it.
dsaine Champion Author North Carolina Posts:2,987 Points:630,545 Joined:May 2011	Message Posted: Oct 6, 2012 9:52:18 PM Ignore dsaine Report Abuse K
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Oct 6, 2012 9:52:16 PM Ignore fuelsaverMN Report Abuse That is rediculous to pay and i put the blame on NOBAMA and his administration.And CALIFORNIANS YOU BETTER WAKE UP TO WHATS HAPPENING AND NOT VOTER FOR NOBAMA OR WE WON'T HAVE A COUNTRY ANYMORE.
Lbro Champion Author Denver Posts:1,035 Points:442,020 Joined:Jan 2004	Message Posted: Oct 6, 2012 9:51:31 PM Ignore Lbro Report Abuse It'll be the death of our economy
WIWalt Champion Author Wisconsin Posts:1,724 Points:414,755 Joined:Mar 2012	Message Posted: Oct 6, 2012 9:50:18 PM Ignore WIWalt Report Abuse yep
ECMO4 Rookie Author Virginia Beach Posts:5 Points:88,000 Joined:Jan 2012	Message Posted: Oct 6, 2012 9:47:21 PM Ignore ECMO4 Report Abuse Just in case you couldn't do that math for yourself.
RonElp All-Star Author El Paso Posts:763 Points:109,620 Joined:Aug 2012	Message Posted: Oct 6, 2012 9:47:02 PM Ignore RonElp Report Abuse I'm not for government control, but the FED needs to do something about the speculators. Gas is one of the few things where high supply low demand doesn't lower the price.
bonzoonfmb Champion Author Florida Posts:1,777 Points:642,860 Joined:Feb 2010	Message Posted: Oct 6, 2012 9:46:38 PM Ignore bonzoonfmb Report Abuse It makes one think about the cost of traveling to purchase things also.
ToolinIt Champion Author Colorado Posts:1,803 Points:885,445 Joined:May 2010	Message Posted: Oct 6, 2012 9:42:08 PM Ignore ToolinIt Report Abuse DUH! Mighty fine observation, Sherlock! [Edited by: ToolinIt at 10/6/2012 11:47:27 PM EST]
ricebike Champion Author New Jersey Posts:10,026 Points:1,854,745 Joined:Oct 2005	Message Posted: Oct 6, 2012 9:41:06 PM Ignore ricebike Report Abuse the pot calling the kettle "black" was this really NEWS to some people? give me that dolla so i can give you some change ~ "common cents"
hibsaw Champion Author Mississippi Posts:8,032 Points:1,680,015 Joined:Feb 2008	Message Posted: Oct 6, 2012 9:41:05 PM Ignore hibsaw Report Abuse High fuel prices are the reason our economy is shot.
yorkygurl2008 Veteran Author Indiana Posts:257 Points:51,785 Joined:Sep 2012	Message Posted: Oct 6, 2012 9:39:01 PM Ignore yorkygurl2008 Report Abuse WHATEVER
Minutefan Champion Author Springfield Posts:3,305 Points:1,244,580 Joined:Aug 2004	Message Posted: Oct 6, 2012 9:38:05 PM Ignore Minutefan Report Abuse Tell me something I don't know.
ModelWarships Champion Author Missouri Posts:5,784 Points:1,230,135 Joined:Jul 2008	Message Posted: Oct 6, 2012 9:35:35 PM Ignore ModelWarships Report Abuse duh
Gas4Gore Champion Author Detroit Posts:2,411 Points:421,925 Joined:Jan 2010	Message Posted: Oct 6, 2012 9:35:24 PM Ignore Gas4Gore Report Abuse Ya think.
Tru2psu2 Champion Author Winston-Salem Posts:14,465 Points:1,553,680 Joined:Feb 2004	Message Posted: Oct 6, 2012 9:34:23 PM Ignore Tru2psu2 Report Abuse It hurts!
DustyHorse Champion Author Virginia Posts:6,079 Points:1,390,785 Joined:Oct 2008	Message Posted: Oct 6, 2012 9:34:21 PM Ignore DustyHorse Report Abuse No kidding.
nimpy Champion Author Indianapolis Posts:8,130 Points:1,700,130 Joined:Oct 2007	Message Posted: Oct 6, 2012 9:33:26 PM Ignore nimpy Report Abuse and sometimes necessary spending
Sody33 Champion Author Las Vegas Posts:15,946 Points:1,870,860 Joined:Oct 2005	Message Posted: Oct 6, 2012 9:33:23 PM Ignore Sody33 Report Abuse Pretty much curtail ALL spending. Our neighbors are having garage sales all the time and they say the gas prices are killing them.
livedream Champion Author Michigan Posts:3,674 Points:753,110 Joined:Mar 2011	Message Posted: Oct 6, 2012 9:30:50 PM Ignore livedream Report Abuse MidNJ and firefly are right -- "Greed will hurt us all."
preacherjohn Champion Author Modesto Posts:3,982 Points:1,917,850 Joined:May 2006	Message Posted: Oct 6, 2012 9:27:34 PM Ignore preacherjohn Report Abuse ours is that hi also.