How will we live with the price of oil going up

I think people will adjust to the prices for the most part. They will get rid of gas guzzling vehicles if they can't afford them, in favor of more economical ones. More likely there will be some severe public backlash that will bring down the prices, or really spur an interest in alternative cheaper fuels. We actually have it pretty good. Most of the world has been paying much higher prices for gas than we have. Of course we use most of it...

I believe there will be a replacement energy source before it gets too bad..:)

There is no tell where this is going to our prices in gas keeps jumping like 2 cents a day I try to fill up on my pay day adn I also dont like to get under the half way mark. I just read an add about putting something on your car that uses water along with the gas to help save money on as. It was patented way before we had gas 207 years ago. I am just was wondering if we all did this with the way tech on card now would it do us any good and would it hurt the engines they build now. Walking to the store win winter would have to be a nono for you but the rest of the year would be a good exerces for every one. Might have to go to the shopping carts to get it home lots of people here do that now. I have even had them here to a yard sale to carry the things they buy!

I think people will be buying those small cars that gets more miles per gallon,like Toyota's and honda's for one thing..I also feel that the ones who cannot afford to purchase one fuel will cut way back on theirI driving,....I know i have started staying closer to home these days because i do not want to pay for the gas...I cannot afford the gas hardly,its going to get to $5.00 per gallon,and then it will stay there for awhile..Also stamps will be going up in a couple of months...I have been told that groceries has went way up...I have not grocery shopped this month as yet but thats what i have been hearing...

I have wanted to walk more places lately due to the price of gas, but it's been so nasty here. Today there was two inches of water on the roads, sidewalks, etc and rain coming down on top of snow. I can't wait until spring. My town now has a bank. That's incredible. I don't think there was ever one here before. Many businesses are springing up within walking distance that couldn't succeed before. Now if the weather would just co-operate! The bank is less than a mile from my home. I started a savings account there (only require 50 to start and 10 dollars to keep a hold on it). Many people are having difficulty, gas and fuel oil/kerosene/natural gas/electricity/every form of energy has gone up. But no one's wages have gone up. Now they're saying the price of wheat has tripled! They say that went up in three weeks. Lots of people are going to be starting gardens that never started them before just to be able to afford food. Your husband may be right, but it may be that we end up going back to previous times. If we can earn extra just for a few weeks before the fall, we can fill our cellar with food. Instead of buying anything besides milk and bread from nearby stores, we may not be buying much food in winter, like may parents when I was a kid. Very timely discussion, thanks.

I doubt that they will start opening the corner stores again since big stores like Walmart are putting many of the small stores out of business. I do know a couple of people who have given up their large gas guzzling vehicles. I think we all need to be more careful about how much we drive. Like doing all erands on the same day, and in the same areas. Perhaps some employers can allow employees who are able to work from home stay home a couple of times a week rather than driving to the office.

Also, we have to think about people who heat their homes with oil. I grew up in a home that ran on heating oil and it was really expensive even back then! Now that the weather is getting better, I will be riding my bike more as long as the traffic doesn't get so bad that it's dangerous for me to do so. I'm hoping, in the future, that more people will be working from home or near home so that they don't have to drive far to their work places.

There are many reasons for the high oil price, and I have my own ideas which I will share with you. First there is the sagging US Dollar. Oil prices are pegged to the dollar, and because of the falling dollar, OPEC countries requoire increased prices to compensate. Second, but maybe more important is the war in Iraq. This started the expolsive rise, and in my opinion will continue as long as the war goes on. Third, I believe there are people benefiting from the high prices. Those being the oil companies, oil producing countries, and also future brokers, those paying the inflated prices. The solution is alternative duel, and that's the direction countries should be heading. I feel sorry for poeple like you needing a lot of fuel to get through severe winters. I live where it never gets cold, so I can't really relate how expensive it is. I hope the whole issue is resolved sooner rather than latter.

I think we all need to count the pennys we are dealing with. We walk where we can. My sons school is about a mile and a half away and as soon as it is warm enough we will be walking every day to save few cents here and there.

Hello, well I would hope that we can find a better way to power our stuff like water, hydrogen, or another fuel? It just seems silly to ruin the environment because we're too lazy and don't want to give up the oil industry. :( Pablo

I have thought a lot about this lately myself. I would do it if we were only a mile from town - but we are several more than that - and we live alongside a major highway - with barely a shoulder on the sides and semi drivers that drive rather carelessly, it would be too risky with the way the conditions are currently. If they put that transcontinental highway thing in it might be more doable. When I was younger I could do the mile in the 40 below, but I do not think so anymore. I guess I would be canning a lot of fruits and veggies and meats and such during the warmer months in preparation for the colder... that way maybe you won't have to go to town so very often. Also combining trips to town with neighbors trips and split the gas cost.

Hi! I live here in the Philippines and I don't have my own car so basically, the price of commodities rising up is what bugging me most right now. Good thing, we have a grocery store near our neighborhood so I could just walk to and from our house in buying our needs. We are only using electric fans so but still, our electric bill is high. I am also glad that I have only two daughters but I was hoping now that I should have had my younges two or three years ago when milk and diapers are not as high as now. But then again, whereever we are, all we can do now is be thrifty and wise. Good luck to all of us.

idk how were evn still alive

Hmmmmmmmmm.....seems like your hubby has had it. But i agree with a previous poster that when things get bad enough great minds and thoughs flourish. So we actually are on the verge of a breakthrough. Just think is someone came out with a fuel additive that would stretch fuel to 5x the gallon of what it is. High gas price problem=over

Well, for a lot of people, it would also depend on how close you live to a store, and what time you want to do your shopping, etc. Since I live in the Seattle Metropolitan area, you have either a choice of your own Car, a Cab, or the local buses to get you to and from a store. The problem is if you choose some of the other ways, you have to purchase a smaller amount in order to get home. So for now, people have no choice, and I am sure they will always have to do it this way. It is just a shame when the President and those running for President right now, seem to be only focusing on the Iraq War and not the Economy, jobs, or Gas prices. What will it take to end this? Good question. Maybe we will never know.

If the price keeps going up, it is really going to affect us all. If it keeps going up, people will not be able to afford the new cars, that affects the factories. My husband is already paying $55 a week to go to work. People are going to quit and let their houses go, move in with relatives, let their other bills go, and get some low paying job close to home, if they can find one. We are going to be living with more than 1 family in a home. I can see it coming closer to this more and more. Look at all the houses being repossessed. The banks are taking a beating. It is really getting scary. I already have to limit my son's therapy, as we have to drive 80 miles just to go. His doctors are 2 hours away because no one around here will see him. We have to have an adapted van, as he is in a wheelchair. It gets terrible gas mileage and costs over $100 to fill up. When is it going to get better?

I am still a BIG believer in supply/demand. If we demand less oil/gas/heating oil/etc... then the price has to come down or at least stay steady. The way I describe it... Let's say you have a store and you are selling a shirt 100 shirts... you start selling the shirt at $10 and you sell out ($1000) you get the next shipment in and raise it to $20 and you sell out ($2000 100% increase) you get the next shipment in and you raise the price to $50 and you sell out ($5000 500% increase) you get the next shipment in and you raise the price to $75 and sell 90% ($6750) you get the next shipment and you raise the price to $100 and you sell 75% ($7500) you are selling less... have more in reserve (because you didn't sell it all) and you are still making MORE money. This can keep going until there is a breaking point where the price and the amount sold are at their maximum. In other words... we have already accepted $2/gallon $3/gallon $4/gallon... no change in the amount of oil we are using. We just complain about it. If we used less oil to the point that companies are starting to lose money the price of gasoline and oil will be forced to come down but in the mean time it makes solid business sense to keep raising the price until there is a stop. Now there are those that argue that 'I need to get to work' 'I need to get to the store' etc... TRUE. But... what instead of making two or three trips to the store/day everything was consolidated. Go to work in the morning... stop by the store on the way home... do your errands (post office/gym/etc...) while you are still out... and do it all in one trip. On days off don't go anywhere unless you have to. If you ARE going somewhere make it for more than one reason. I try to do at least (AT LEAST) two to three things whenever I go out. I will go to the gym and then stop to get groceries. The store is next to the gym so I don't need to make two trips. If I get groceries twice a week and the gym is 9 miles away that is 18 miles that I am saving every week... or a gallon of gasoline. If I then stop at the library (4 miles) and the post office (5 miles) I am cutting another 9 miles off my running around. If I stop there every day 5 days a week that is 35 miles I am cutting off or almost 2 gallons of gasoline. So now I have saved three gallons of gas in one week. At $3.50/gallon that has saved me $10.50/week or $42/month and have used a LOT less fuel. Another thing I will do is literally go out of my way to get 'cheaper' gasoline. Why? It's not cost effective to me and actually costs me time.... If there are two gas stations and one is cheaper than the other by say 3¢/gallon and EVERYONE goes to the cheaper one that forces the station that is more expensive to raise their prices for fear of not receiving any business. This has to be a group effort. The mentality of 'oh it's only 3¢/gallon... I'll just get the more expensive gas 'cause it's only 42¢ more to fill up has to be erradicated from our brains. We HAVE the oil. Yes, we do. We have larger reserves today than ever before. We are not going to run out of oil... that is a lingering fear the government puts over our heads. We are very diversified with where we get all our oil. Which means if we can't get it in one place we can get it in another. That doesn't even get into using cars that are more fuel efficient/renewable sources of energy/etc.... Just one note on that... the country with the greatest POTENTIAL for renewable energy... the US. Do we use it... that is a redundant question, eh/? Thanks Zelo

Gas prices are killing our budget. My husband took a lesser paying job that is only 5 miles from home. With the gas savings we are about even now in spendable income. We have struggled all winter to pay the heat bills and stay warm. The price of groceries has climbed considerly also,since it costs the trucking firms so much more to deliver goods.We are going to plant a garden to help on grocery prices. We also do all our errands in one weekly trip. We walk to the library,post office and local grocery store.Hopefully something will happen soon to help out families instead of big business.

It is getting pretty tight for a lot of people. In other countries they pay so much more than we do that it makes you wonder how they survive. As far as people wasting...they do. I can understand the people with large families and the people that absolutely need trucks. Then you have the rednecks who just have to have the big trucks to just drive around and go bogging with. Then there are the kids who just drive around to drive around. There are so many people with big gas hogs that really don't need them. There are people who will take 20 trips to the store a day to get one or two items rather than plan their trips and do it all in one. Then there are those that are not even feeling the pinch because they have so much money. They travel all over the place because they can. The ones that are really hurting out of these prices have been cutting back for a long time and in areas other than just gas.

High oil price influnced human too much , I think it's time for all the developed coutries to do something make the oil price down , or economic crisis is probably overpassing all over the world in few years.