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| California Metros to increase in value | |
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| Tweet Topic Started: Aug 28 2014, 12:36 PM (3,283 Views) | |
| BadEgg | Aug 28 2014, 12:36 PM Post #1 |
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MPG is fun
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http://www.foxnews.com/politics/2014/08/27/california-hidden-gas-tax/ According to the article Cali gas tax will increase $1.30 per gallon starting Jan 1st. Gas will likely be $6+ per gallon state wide. Will there be a run on California Metros? I remember back in '08 someone on the street offer me $1200 for my $500 Metro, which I sold, also the Metro on eBay that went for $7000. Gas hit $5+ back then. |
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| geogonfa | Aug 28 2014, 12:45 PM Post #2 |
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and to just think...I just paid 2.98 a gal this morning... |
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| iwantageometro | Aug 28 2014, 12:59 PM Post #3 |
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nub
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!!! Can't remember when it was less than $3/gal here.
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| Cubey | Aug 28 2014, 01:01 PM Post #4 |
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Anytime you hear a gas price increase prediction, you know it's due to (probably purposely) leaked information about the manipulation of commodities trading of oil. It's a way to keep people from getting as angry since they are given warning. If it was sprung on them unannounced, they'd be a lot more pissed. Remember how gas went from $4+ to about $2.50 in late 2008 within a few days to a week? There was no sudden massive decrease in the VALUE of oil or even in the usage. It DID have to do with the "crash" of 2008 though! Here is how it happened. The stock swindlers buy up all the oil commodity futures and sit on them with no intent to use the actual oil. They buy "intent to use". It's like a promissory note to use what you buy, that you can sell it to someone else. They cause "shortages" which drives up prices. Then they sell those futures back at a huge profit since they go "oh, there's a shortage? here, you can have some of mine.. but it's gonna cost you!". To put it another way, let's say you have a massive wearhouse and you buy up 75% of all Geo Metros/Swifts in the US for $500-1,000 each. Prices of Metros on the consumer market would skyrocket since there would a huge shortage and the demand for them would be much higher. So instead of going for $1,000-$1,500, they go for $3,000-$3,500. You can pull out a few at a time and go "ohh there's a shortage of Metros? Well look here, I have some to sell! They are $3,000 take it or leave it!". Except in that example, Metros are a lot more inflate than oil futures. Futures are a tool of predicting what the market (companies and people) will actually use. For example, oil would be linked to airlines and oil companies. However, BANKS have gotten in on futures trading a way to drive up huge profits for themselves and costs for everyone else. The reason oil prices fell down so low suddenly in 2008 is the flood gates of the stockpiled oil futures (that is to say, oil that has yet to be used or even pumped out of the ground yet!) was suddenly sold off by the banksters in a large amounts to make up for their other huge losses in the stock market. They caused an oil price bubble, pulled in huge profits, then crashed it when they sold the remaining off for low prices (probably about what they paid originally) since they didn't need oil. They are banks! Commodity trading is almost a no-lose situation unless you buy when prices are high... which is what airlines and oil companies had to do from the banks. So it's like you opened your Metro warehouse and started selling them for $500-1000 each to make up for your other revenue losses in other investments. You already made huge profits on the ones you DID sell so now you're just getting back dollar for dollar when you put out for some of the rest originally. Oil futures isn't the only thing manipulated in that way. http://www.usnews.com/opinion/blogs/economic-intelligence/2013/07/24/how-goldman-sachs-and-wall-street-manipulate-alumnimum-and-other-commodities Edited by Cubey, Aug 28 2014, 01:17 PM.
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| Murf 59 | Aug 28 2014, 01:48 PM Post #5 |
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Gas is about $4 a gallon here now. Back in 08 it got up to $5.50 here on the coast. |
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| evmetro | Aug 28 2014, 02:06 PM Post #6 |
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I have been preparing for high gas prices for awhile now. If a guy was smart, he would look for a business that would do better as gas prices go up... |
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| TimmyD | Aug 28 2014, 02:09 PM Post #7 |
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A Metro Driver
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Mid-Grade is $3.50 here, regular is $3.20. I see about a 1-2 mpg increase when I use mid-grade. |
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| Cubey | Aug 28 2014, 02:10 PM Post #8 |
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Well, The $4/$2.50 pricing in 2008 is what i saw in Arkansas. I guess I should have made that more clear. |
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| evmetro | Aug 28 2014, 02:35 PM Post #9 |
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$0.15 per KWH here, $2.52 for a full tank.![]() |
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| Cubey | Aug 28 2014, 02:40 PM Post #10 |
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But from what I saw, $20k+ for the EV car conversion. $20,000 would keep you in gas in a metro for longer than that car will probably last.
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| myredvert | Aug 28 2014, 03:01 PM Post #11 |
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myredvert
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but wasn't this about a tax increase? True, but there are Metros, then there are HIS Metros. Hardly a fair comparison. I know you have given us numbers before ev, but for us electrically declined folks can you give us a rough number of miles you can usually travel for that $2.52 and under what driving conditions/speeds? i wonder what combination of awe, respect, and/or shame can bring me that close to tears just from seeing a picture of someone's fuel filler door?
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| Cubey | Aug 28 2014, 03:40 PM Post #12 |
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It says: "Estimates of the cost of the tax vary. The California Air Resources Board, the Golden State's premier anti-pollution agency, predicts the new tax will raise gasoline prices from 20 cents to $1.30 per gallon. A prominent state senator who helped author the bill estimated the cost at 40 cents a gallon. Environmental activists downplay the cost, but hail the impact." So screaming $1.30 is nonsense. |
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| evmetro | Aug 28 2014, 03:56 PM Post #13 |
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A full charge gets me 100 miles in this Metro, but the electricity rates vary quite a bit. I can charge at night at home for $0.09 per KWH, and I can pay up to $0.18 here at the shop during the day. I have a 10 mile commute each way to work, and it takes 2 kWH each way. ($0.30) each way. Basically, 200 WH (0.2 KWH) per mile around town, and 160 WH per mile freeway (55 mph, eco driving, hanging out with the prius crowd) This use a little more juice on the freeway, but right around the same in town. ![]() This one is almost ready for the new fuel tax... ![]() |
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| evmetro | Aug 28 2014, 03:58 PM Post #14 |
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I hope it adds $2.00 per gallon. I could use the business. |
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| David95237 | Aug 28 2014, 04:14 PM Post #15 |
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But that thing is a blast to drive, I know you cant keep your foot out of it. So how does the cost compare wen you are playing around? |
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