We are all aware that gas prices are high. Basic economics tells us that price rises when you have more demand than supply. ⛽️
My question is... at what price do you stop extracurricular driving? 🚘 (include your state as well)
At some price, when people do stop driving as much, demand will fall and supply can build up. This would, in theory, help the price of gas fall. Of course, this is in a perfect world and does not take into consideration MANY other macroeconomic factors.
My answer: Around $10 is when I would stop driving anywhere but work, consolidate trips to the store, and make arrangements to visit my girlfriend less. I am in Michigan where the current average price is $5.21💰
Check the average in your state here: https://gasprices.aaa.com
#economics #macroeconomics #gas #energy #inflation
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In Arkansas at $4.51 I drive as little as possible already & no public transportation around here. I will still have a local AR vacation. Consolidating errands already
I'd rather not say where I live, but gas is $5.69 here. I feel like I've already stopped my extracurricular driving. However, I have also thought that @ $10/gallon is where I would get a bike and bike 9 miles to work and back.
Thinking about it, I would say $7. Currently South Carolina average gas price per gallon is $4.60, 40 cents less than the national average.
Ant@antbelicheck
I stopped the extracurricular driving myself. It's slightly over 5$ a gallon here. I live about 40 minutes from Boston. It goes up every couple days. Highest i have paid in my lifetime. I have a 4 cyclinder car. 20 bucks last year almost filled my tank. Today 20 bucks doesnt give me half a tank. Biden threatening oil companies will result in what exactly? Maybe reverse some EO's for a little whil…See more
4.70 a gallon in Kansas. We have already stopped running to town everyday, canceled 2 long distance trips and stopped spending money except for necessities. I live close to a major highway and I have noticed a very significant reduction in traffic on the highway, and a significant reduction in people getting gas at the station.
I'm curious on this too. I'm in a walkable city, so we're not experiencing these high gas prices the same way as others. But after planning a road trip for this summer, the total gas cost surprised me!
Our demand is “fueling” the length at which the price will continue to increase. We, as you probably know, basically negotiate with The Cartel. OPEC will only raise the price as long as the profit for them continues. There is a point when their profit starts to diminish, when we as a people refuse to be gouged. OPEC withholds the oil to pressure the highest price we are willing to pay. As long…See more
Debra Page@debpage
In my area of South Carolina, the avg price is 4.49 (regular.) Presently, I’ve cut out most extracurricular travel. If the price gets to $7, I’ll consider a bike purchase for work.
Jordan 😇@JordanADavis
Overall, I have been cutting unnecessary driving in general because it’s better for the environment. It also can really help save you some money on gas each month, and it adds up, which is helpful when your on a budget. 😋
Also, currently I’m in Estonia on a summer mission trip, and all I use are bikes to get everywhere and it’s a much greener and cleaner place in general with how much the environ…See more
LN
I live in southeastern Kentucky and prices are $4.79 regular. I drive 60miles a day to work.
Brad@exilion
I already have. We will drive to the Ozark area- roughly 400-500 miles round trip next month. It’s an extended family gathering.
In August, wanted to road trip to Minnesota then Wisconsin, head back home through Chicago and St Louis then Kansas City to hit a few baseball games at the different parks.
Unless prices come down, the trip will be cut short.
We own a 2013 Nissan Leaf and have been u…See more
Everything bad in this country is because of the terrorists regime called tge democrats
Teresa H@teresapauline
There are better ways to increase supply that don’t include me being a prisoner in my home (or home state)
EW
I have been walking to work, and now have a budget for driving around and wasting gas... so going out to see more nature and birds is worth, less drinks and in town entertainment.
EW
Oops worded my post wrong, well you know what I mean...going out in nature is worth more than drinks and in-town entertainment...
$10 a gallon is not so bad.. reminds me of the mothers who have to pay $80 a day just to make $150 a day for daycare… prices will always go up on everything! That’s just life and it’s not so bad as long as we are improving and our paychecks are going up as well!!! #Invest
I stay in Texas Gas is 4.60 but I use 89 so maybe 4.80-5.00 for me I have a jeep. I still go out when I can but I never drive my own car I always catch rides with my friends I get full up my tank 3 times every month. Witch is great for me. I mean I do hope things get better but honestly what can we do it doesn’t matter how we feel. When someone has a upper hand over us all. I can’t wait until he’s…See more
I'm in my late 20s, live in Sacramento CA, drive an 05 Toyota matrix. I paid $6.19 this week for regular. Living only 3 miles (like 13 mins of city driving) to work helps but walking or biking would be difficult with everything I take with me (brief case, small cooler with lunch) as well as my uniform that would put me at risk in the areas I pass through (business attire). I've been using the Fuli…See more
Eli Salazar@elisalazar92
6.89 in Los Angeles. Luckily I have a fuel efficient car.
Shoot I think I’m already to that point. I only drive to/from work as it is but that’s also cause I don’t go out much anymore
Almost 7 $ in California
In a republican ran state, we are sitting at 4.26 as a nation I think the average is $6 at this point. Talk about a huge difference. We can honestly kiss our stocks goodbye at this point, this presidency has caused major impact to it people. Hopefully at some point someone deals with him, and prices start falling again.
No gas rises when a corrupt president is owned by a foreign country. The worst type of American is a democrat. They watched our cities burn & people get hurt. Now they let 400 000 immigrants run rampant through this country to cause problems. The democrats hate America. How could anyone vote for a guy that goes after children. Where are those 60 000 kids that came across the border. Gone sol…See more
I already do that as much as possible here in Texas. I am paying between 4.60 and 4.90. At 5.00 I stop. I still plan to travel to Fla. for vacation though... and my work commute will stop for a month.
VA & never, unless I find a horse that can easily do highway speeds 😂
Stop closing your eyes to the millions suffering especially the inner city kids
Gas is around $4.75 where I am. I’ve always consolidated my errands and only go into the office when I absolutely have to. (I am fortunate in being able to work from home most days.)
holygoat@holygoat
When gas companies are pushing high prices based on maintaining unmaintainable profit shares we should probably not be talking about how the regular investor can make prices fall. IMHO
I’ve been driving a lot less myself other than work or buying food, I live in MI as well my last fill price was 5.17 which cost me 29.14 to fill less than half my tank, and its a 4cyl 2017 accord. Getting crazy even for the fuel efficient cars, I’ll be moving to TX soon and am not looking forward to paying all the gas prices on the way lol, but i gotta do what i gotta do. 🫣
