Gas Junkie - Gasoline Prices Questions

Question #1:

Do you think there is a better solution to fossil fuel for cars?........but?

the governments of today are keeping it locked and safe to protect themselves from falling oil price? I remember once, a person in Brazil invented a fuel suitable for car made out of sugar cane juice but the government immediately bought over the formula and keeping it a secret. The same in India, where someone developed fuel from water and now there is no news about it.I think all this hu ha about oil crisis is just a show to keep the price stable in the interest of oil producers and their cronies. We should not be worried too much about oil crisis but instead worry about what will the value of our cars be which uses gasoline or petrol. Its all a game.

Question #2:

Have Republicans and global warming deniers reverted to pre-1980s thinking on cap and trade?

Harvard economist Robert Stavins and MIT economist (and Member of the Council of Economic Advisers in the George H. W. Bush administration) Dick Schmalensee wrote an op-ed in response to the US Senate's failure to pass a climate bill with a carbon cap and trade system.

They write Republicans "should resist demonizing market-based approaches to environmental protection and reverting to pre-1980s thinking that saddled business and consumers with needless costs. In fact, market-based policies should be embraced, not condemned by Republicans (as well as Democrats). After all, these policies were innovations developed by conservatives in the Reagan, George H. W. Bush, and George W. Bush administrations (and once strongly condemned by liberals).

In the 1980s, President Ronald Reagan’s Environmental Protection Agency successfully put in place a cap-and-trade system to phase out leaded gasoline. The result was a more rapid elimination of leaded gasoline from the marketplace than anyone had anticipated, and at a savings of some $250 million per year, compared with a conventional no-trade, command-and-control approach.

In June 1989, President George H. W. Bush proposed the use of a cap-and-trade system to cut by half sulfur dioxide emissions from coal-fired power plants and consequent acid rain....That cap-and-trade system has cut sulfur dioxide emissions by 50 percent, and has saved electricity companies — and hence shareholders and ratepayers — some $1 billion per year compared with a conventional, non-market approach."

"To reject this legacy and embrace the failed 1970s policies of one-size-fits-all regulatory mandates would signify unilateral surrender of principled support for markets....Virtually all economists agree on a market-based approach to reduce carbon dioxide emissions. Some favor carbon taxes combined with revenue-neutral cuts in distortionary taxes, whereas others support cap-and-trade mechanisms — or “cap-and-dividend,’’ with revenues from auctioned allowances refunded directly to citizens."

"A price on carbon is the least costly way to provide meaningful incentives for technology innovation and diffusion, reduce emissions from fossil fuels, and drive energy efficiency. In the long run, it can reduce our use of oil and drive our transportation system toward alternative energy sources.

Market-based approaches to environmental protection – including cap-and-trade – should be lauded, not condemned, by political leaders, no matter what their party affiliation. Demonizing cap-and-trade in the short term will turn out to be a mistake with serious long-term consequences for the economy, for business, and for consumers."
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Do you agree that Republicans and global warming deniers have reverted to pre-1980s thinking on cap and trade?

Question #3:

Now that Government Motors has introduced the "Volt" will you all be running out to support it?

I have just a couple questions here:
If you have to plug it in and "attach" it to the electric grid, isn't that using "coal-fired" electric plants, which are highly polluting? And didn't Obama pledge to massively increase the cost of coal because it is a "dirty" energy source?

Also, I'm not certain I want to be limited to only 40 miles before a charge is needed, as people aren't going to let you just plug in your car and zap their electric bill, are they?

Don't these take hours to recharge? SO I guess wherever you are going with it, you better be prepared to stay for a while, right?

excerpt...
The long-anticipated Chevrolet Volt, General Motors' electric car, will cost $41,000, the company announced Tuesday, leaving consumers to decide whether its environmental appeal is worth a price far above that of similarly sized conventional autos.

During the 2008 presidential campaign, then-Sen. Barack Obama pledged to put 1 million plug-in vehicles on the road by 2015.

But some analysts said they doubt that electric cars can reach a broad audience in the near term. Hybrid cars took about eight years to reach the million-unit sales mark in the United States, according to Energy Department figures.

"I'm not sure the Volt is going to be a volume vehicle," said George Magliano, director of automotive industry forecasting for North America at IHS Global Insight. "The technology still isn't there to make them cheap. At the end of the day, the consumer pays a hefty premium to make a statement."

Both the Volt and the Leaf will cost considerably more than rival gasoline-powered compact sedans, such as the Honda Civic or the Ford Focus, each of which costs under $20,000.

Price is only one potential barrier to mass adoption, however.

Consumers must also get accustomed to plugging the cars in at home. It takes hours to recharge the vehicles, and in the absence of a network of public recharging stations, drivers that run out of juice may need a tow truck.
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Ha M: According to EVERY FUCKING article on this suject, THE GOVT OWNS 61% of GM!!!
subject...not suject. My bad

Question #4:

How does Americans like paying 86% of their income to taxes?

How do you like paying taxes out of your paychecks, groceries (yes they are there they are hidden the price example buy sugar for 20 cents a pound add 18 cent tariff tax store buys passes tax price employee cost and profit) on cars, property/real estate, gasoline, alcohol, tobacco, clothes, sales tax.

Yes 86% is my guess of what we pay in taxes.

What do you think? Are you mad? Do you taxation without representation?
Read an article on becoming middle class, and it said they pay in income tax between 30 to 60% depending on your state, then add other taxes like a 50% tax on foods, combine with sales tax on other items, plus tax everytime you fill up your gas tank, plus more taxes if you smoke, drink, or gamble. Or if you live in a house you pay tax to support the local schools. Lots of taxes I never voted in. I am in my 20s this is something I have NEVER had a say so in

Question #5:

What led to the spike in gasoline prices in the late 1970s?

A. The SALT treaty signed with the U.S.S.R.
B. The combination of inflation and unemployment
C. American intervention in the Middle East
D. The end of the Vietnam War

Question #6:

22' Penske truck cheaper than 16'?

I'll be moving from Ohio to Wisconsin and am planning to rent a Penske truck. I noticed that a 12' or 16' costs $401 while a 22' is only $364. I don't understand why a larger truck is cheaper. In addition, the 22' is a diesel while the 16' has a gasoline energize, so the larger truck would get better gas mileage. I estimate with the cheaper price and fuel costs, I could save almost $200 by getting the larger truck. Only problem is that I don't actually need a truck that big. A 16 foot would be great, and I might even be able to fit everything in a 12 foot truck. How difficult is it to drive a 22 foot truck? Would it be worth the savings? Which truck do you recommend?

Question #7:

what determines gasoline prices?

Question #8:

Which question is an illustration of a macroeconomic question?

A. is a business unresponsive to the demands of consumers?
B. is a consumer boycott an effective means of reducing product prices?
C. is the level of employment in the economy sensitive to the quantity of consumer spending?
D. are oul companies engaging in a rip-off of the consumer by charging exorbitantly high proces for gasoline?

Question #9:

Where is the best URL/LINK to help someone find a legitimate 'telecommuting' job?

A friend of mine who was severely injured in a car accident (his vehicle was slammed into, by a drunk driver who was trying to send a TEXT MESSAGE, while driving!) is now confined to a wheelchair (hopefully, not for the rest of his life) and needs to have a job that he can do from his home computer, which I understand is called "TELECOMMUTING."

He's never done this kind of work before, but I understand that AT&T (for example) employs 7,000 people nationwide, who stay at home and do their work assignments by computer, without having to do any traveling, at all. That sounds like the ideal situation for my friend, and for others, too, considering that in the USA, gasoline prices are now over $4/gallon.

Anyway, I'd like any links that you know about, that offer legitimate employment to someone seeking that kind of work. I'd be grateful for whatever information you could share with me, regarding this, and I thank you (in advance, on behalf of my friend) for your assistance.

Question #10:

Microeconomics Help!?

Any help will be appreciated!


Recalling some basic reasons about why people engage in trade, provide a short example of a market in which consumers and producers exchange goods. In your example, briefly explain who the consumers and producers are, what factors may influence supply and demand, and how one or both parties are made better off as a result of the trade. ( NOTE: longer, more detailed answers will receive the most credit).


15 points
Question 2

Take a minute to think about the demand for college education and whether or not the costs of attending college (not just tuition, but also some of the opportunity costs associated with attendance) influences the number of students who attend college. Now tell me whether or not you think college education is elastic or inelastic with regard to the price, and back up your answer with an explanation as to why you believe what you do.

There are no "right" or "wrong" answers to this, but I am interested in your thought process, and this will be graded solely on content. Generally speaking, the longer answers will receive more credit than the shorter answers.















20 points
Question 3

Suppose the equilibrium price of wholesale gasoline in Hawaii is $3.00 per gallon but the state has instituted a cap to prevent the price from exceeding $2.75 per gallon. The likely result will be a:
Answer 5 points

Question 4

Think of the market for cellphones. In a short answer, list at least two (2) events that would cause the demand curve to shift, and at least one (1) event that would cause the curve to shift. In your answer, name the event, the curve it will cause to move, and which direction (in or out) the curve will move.



Question 5

Provide a short example of how the law of diminishing marginal utility applies to a real-life situation. In your answer, explain why utility from consumption of this specific good or service increases quickly initially, peaks, and may eventually lead to decreasing utility.

Question #11:

quick solution to high gasoline prices?

This will take 4 minutes to watch. What do you think???

Click Here

I don't care much for the commenter, but he has some valid points. No doubt some will cry foul ball, others will say it will be no help. Okay, what better solutions do you have?

Question #12:

do you think this is reasonable?

Here in Romania minimum wage is around $180 and the sales tax is 24%. An example of prices is: gasoline costs aprx. $6 a gallon; milk costs $5 a gallon (not the store-bought kind, which is much more expensive); sour cream is around $3 a quart. Taken in view of the salary, do you think this is reasonable?
and btw, we can make it. so why can't other people who have more?
and i don't think we're suffering...Africa suffers, not us

Question #13:

Economics Question, I need help!?

Suppose the equilibrium price of wholesale gasoline in Hawaii is $3.00 per gallon but the state has instituted a cap to prevent the price from exceeding $2.75 per gallon. The likely result will be a

Question #14:

What would be the least expensive lodgings for an overnight stay on a road trip?

Next year I want to visit my father's home town (it will be the 90th anniversary of his birth), a 230 mile trip one way to drive there. I need ideas on where to stay for one night (or two at the most). I looked at lodgings available in this area and was shocked at the prices. When I first saw one B&B's rate I thought it was the weekly rate, but it was for 1 night! I am willing to spend up to $30 for a night's lodging since I don't need anything fancy like tennis courts or swimming pools, oir even meals. All I need is just a place to flop. I have another problem though - no credit card. Most places require one to make a reservation. Also, most places expect a minimum of a 3 day stay. I plan on driving down, see the town and its attractions, stay overnight and drive home the next day. Outside of gasoline and food costs (no way of getting around those) I want to stay at the least expensive place I can find that isn't an earwig or bedbug haven. I don't do camping. Any suggestions?

Question #15:

I really dont understand recent gasoline pump prices.?

Last friday pump prices at a store were $3.59/gal with a NYSE futures at about $105/barrel. I drove by the same store this friday and pump prices were $3.99/gal with NYSE futures at about $101/barrel. I dont give a crap if IKe made landfall, where is an 11% increase justified if the futures are down?

Question #16:

Interesting idea to solve 3 problems do you thin it will work?

Not my idea

The Cowboy Solution to Save Gasoline

Obama wants us to cut the amount of gasoline we use.....
The best way to stop using so much gasoline is to deport 15 million illegal immigrants!

That would be 15 million fewer people using our gas.
The price of gas would come down, and we could bring our troops home from Afghanistan to guard the borders....

When they catch an illegal immigrant crossing the border, they can hand him a canteen, rifle and some ammo and ship him to Afghanistan ....

Tell him if he wants to come to AMERICA then he must serve a tour in OUR military....Give him a soldier's pay while he's there and tax him on it...
After his tour, he will be allowed to become a citizen since he defended this country.....
He will also be registered to be taxed and be a legal resident...


This option will probably deter illegal immigration and provide a solution for the troops in Afghanistan and the aliens trying to make a better life for themselves.
If they refuse to serve, ship them to Afghanistan anyway, without the canteen, rifle or ammo.....
Sorry for the Thin -should be think
Hey Caste

I gave my country 4 years of service

Question #17:

Econ Tax burden help?

Suppose that the gasoline retailing industry is perfectly competitive, constant-cost, and in long-run equilibrium. The government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers. Suppose before the tax, the price is $1.00/gallon, What is the tax burden on consumers and producers? What is the deadweight loss? (Give quantitative answer for tax burden and graph answers for deadweight loss), you can just describe the graph. I'm more interested in finding out how to get the burden.

Thanks!

Question #18:

SURVEY: Should the government mandate a set price for gasoline? Why, why not?

thank you :)

Question #19:

why are no new oil refineries built?

the last oil refinery was built in 1955.....lots of oil is now blowing unrestricted into the Gulf of Mexico, indicating lots of available oil...yet there is no shortage of gasoline.....yes, high prices, but that is to pay for the "damage" in the Gulf of Mexico.....the oil companies have to get that money from us....while their profits are still in the billions of dollars.....more refineries make more gasoline available and will lower the price of oil and gasoline.....that is not in the interest of the oil companies...GET THE POINT?

Question #20:

Is BioFuel a part of the Future?

Biofuels are a wide range of fuels which are in some way derived from biomass. The term covers solid biomass, liquid fuels and various biogases. Biofuels are gaining increased public and scientific attention, driven by factors such as oil price spikes, the need for increased energy security, and concern over greenhouse gas emissions from fossil fuels.

Bioethanol is an alcohol made by fermenting the sugar components of plant materials and it is made mostly from sugar and starch crops. With advanced technology being developed, cellulosic biomass, such as trees and grasses, are also used as feedstocks for ethanol production. Ethanol can be used as a fuel for vehicles in its pure form, but it is usually used as a gasoline additive to increase octane and improve vehicle emissions. Bioethanol is widely used in the USA and in Brazil.

Biodiesel is made from vegetable oils, animal fats or recycled greases. Biodiesel can be used as a fuel for vehicles in its pure form, but it is usually used as a diesel additive to reduce levels of particulates, carbon monoxide, and hydrocarbons from diesel-powered vehicles. Biodiesel is produced from oils or fats using transesterification and is the most common biofuel in Europe

There are various current issues with biofuel production and use, which are presently being discussed in the popular media and scientific journals. These include: the effect of moderating oil prices, the "food vs fuel" debate, carbon emissions levels, sustainable biofuel production, deforestation and soil erosion, impact on water resources, human rights issues, poverty reduction potential, biofuel prices, energy balance and efficiency, and centralised versus decentralised production models.

Should we invest more into Biofuel?





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