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This Is What Americans Will Spend Their Whopping $380 In "Low Gas Price Savings" On
For all the talk about the boost to the US economy (if only in consumer spending terms, certainly not as a result of crushing CapEx and energy sector investment), the bottom line is actually not all that exciting: as the WSJ reports, "If prices were stay at their current levels under $3 a gallon, the average American household could save $380 over the coming year, up from $83 since prices first declined this past summer, according to research firm ClearView Energy Partners. Regular gasoline fell to $2.64 a gallon in the U.S. on Wednesday, according to auto club AAA, near a five-year low. Gas prices have fallen more than $1 a gallon from their high in June and are down 60 cents from a year ago, the greatest year-over-year savings since 2009. AAA estimates that gasoline prices could fall to $2.50 a gallon by Christmas."
The spin was immediate:
The drop in gas prices has already raised retailers’ hopes for a stronger shopping season, since less spending at the pump gives consumers more to spend on everything from restaurant meals to clothing and haircuts.
Great... just ignore the terrible Thanksgiving weekend spending numbers, traditionally the strongest for spending 4-day period of the year, which this year just happened to be the worst since Lehman. And yes, plunging gas prices were already clearly demonstrated at gas stations in the weeks and months heading into the end of November.
The spin continues:
“It’s a fair bet that most of the reduced energy costs are going to show up as added spending by consumers somewhere,” said James Hamilton, an economics professor at the University of California, San Diego.
Here's the thing, Professor Hamilton is spot on. The only problem is what this added spending will be used on. Sadly, it is neither trinkets, nor gadgets, nor BigMacs, nor even surging cell phone and home internet bills. Unfortunately for the proponents of the "oil crash is unquestionably bullish for America" (as an aside, the falacy of a statement is directly proportional to how "unquestionable" it is), where the bulk of "savings" for those Americans who have to spend on gas (primarily those Americans who commute to work, i.e. the middle class) is... on Obamacare.
Here is confirmation that in a centrally-planned economy, it is the unintended consequences that always prevail in the end:
Iowans are feeling the heat from Obamacare’s rising premiums, especially Wellmark customers with Blue Cross Blue Shield.
As of January 1, 2015, Blue Cross Blue Shield customers will experience a 14.5 percent increase in premiums, while Wellmark Health plans will see a 11.9 percent increase.
Hundreds of thousands of consumers nationwide who bought insurance plans under the Affordable Care Act will face a choice this fall: swallow higher premiums to stay in their plan, or save money by switching. That is the picture emerging from proposed 2015 insurance rates in the 10 states that have completed their filings, which stretch from Rhode Island to Washington state.
In all but one of them, the largest health insurer in the state is proposing to increase premiums between 8.5% and 22.8% for next year, according to a Wall Street Journal review of the filings. That percentage represents the average rate increases for all individual health plans offered by that carrier
Aetna has said it is likely to seek rate increases of more than 10% for individual marketplace plans in 2015, according to a note from Citigroup analyst Carl McDonald. An Aetna spokeswoman said that with health-law fees, generally increasing health-care cost trends and other factors, “that level of increase would not be out of the realm of possibility,” but it was too soon to say what it would request.”
Americans increasingly have to dig into their own pockets to pay for medical care, a shift that is helping to curb the growth in health spending by employers and the government.
The trend is being accelerated by the Affordable Care Act because many private plans sold by the law’s health exchanges come with hefty out-of-pocket costs, which prompt some people to delay or put off seeking care. For the exchanges’ 2015 policies, which went on sale last month, “bronze-level” plans have an average deductible of $5,181 for individuals, up from $5,081 in 2014, according to a November report from HealthPocket, which publishes health insurance market analyses. Bronze plans generally cover 60% of consumers’ medical expenses.
And that ignores the fact that the average deductible for workers who get employer health coverage has shot up 47% to $1,217 from $826, and that one in three Americans said they or a family member delayed medical care because of costs in 2014.
The average individual deductible for what is called a bronze plan on the exchange—the lowest-priced coverage—is $5,081 a year, according to a new report on insurance offerings in 34 of the 36 states that rely on the federally run online marketplace.
That is 42% higher than the average deductible of $3,589 for an individually purchased plan in 2013 before much of the federal law took effect, according to HealthPocket Inc., a company that compares health-insurance plans for consumers. A deductible is the annual amount people must spend on health care before their insurer starts making payments.
“Average subsidized premiums are expected to fluctuate between 2014 and 2016, as a result of a growing risk pool and increased participation of the young and healthy. After 2017, average subsidized premiums are expected to increase by 6 to 10 percent annually
In 2014, premiums in the non-group market grew by 24.4% compared to what they would have been without Obamacare. Of equal importance, this careful state-by-state assessment showed that premiums rose in all but 6 states (including Washington DC). It’s worth unpacking this study a bit to understand the ramification of these findings.
Non-Group Premiums Rose in 45 States Due to Obamacare ... All of the percentage changes shown in the chart below represent the net change attributable to Obamacare after accounting for all the other factors that would have made premiums go up.
What is disturbing is to see premium increases in excess of 35% in 9 states, including some of the nation’s largest states (Florida and Texas). Remember, these are increases above and beyond normal premium trends. No one can credibly claim that these massive premium increases would have happened anyway since the study was specifically designed to isolate the law’s impacts from all the other factors that have driven up premiums in recent years.
...
In short, it is harder and harder for champions of Obamacare to ignore the plain truth that this misguided law has increased premiums in the non-group market, a burden borne by millions who have to buy coverage in that market without the benefit of taxpayer subsidies and by the taxpayers who must bankroll subsidies for those who qualify
And much, much more.
So yeah: that whopping $380 in annual savings for those Americans who spend at the pump (so that excludes millions who do not commute as they don't have jobs and/or travel sporadically) if not used to pay down debt, will be spent all right.
On Obamacare.
But fear not, dear Americans: just like you believed the lie that Q1 GDP crashed due to harsh snow in the harsh winter, two utterly unprecedented events in the history of US GDP, so you will believe the lie that a decline in the price of gas will be spent on discretionary items by what little, if anything, is left of America's middle class.
And why not: after all the same people who bet everything on the "stupidity of the American voter" to pass Obamacare in the first place, are merely doing the same thing all over again.
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I can't even pay off a month's rent with these savings.
I've never owned a car anyways. Suckers.
lol.. they will buy more horse shyt appliances and soda makers.. fat phucks .
http://hedgeaccordingly.com/2014/12/saxo-banks-10-outrageous-predictions...
380 won't pay for 2 months of my increase. ....
Obama is winning the War on Deflation
The savings from lower gas prices will go into the carbon taxes they're hoping to roll out next year. There might even be a conspiracy theory in there somewhere for those who care to speculate on (one more reason) why the oil price is going lower.
"With our gas prices now so low, I am using my pen and phone to declare a new 50-cent tax on each gallon of gas."
Gas is way too cheap to drive to the mall and shop.
It's almost ... paradoxical!
Two things:
1. The new Republican congress can stop Obamacare dead in its tracks. They won't because their corporate owners want Obamacare.
2. I want my $380 in gasoline savings, and your oil buddies can just bend over.
Agreed on the second point.
On the first point, I'll just say that you are badly confusing capability with desire and willingness. The R's WANT OBAMACARE (just their "better" version of it). They WANT amnesty/immigration reform, too. Unless you think Comments by Romney, Rubio, Boehner, another Bush brat and, of by the way, the Chamber of Commerce in no way reflect current mainstream Republican thinking. They just want it done their way as opposed to Obama's way. They support all of it. ALL. OF. IT. Obama is doing them a favor. Passing everything they really want but they get to feign opposition to it and keep their base from revolting as they would if they openly supported it.
McConnel has already removed budget battles and impeachment from the table of options- the only two weapons that could possibly alter Obama's course on these things. What's left? Just harsh words (of which there will be plenty) but no actual opposition.
Sorry if this is shocking to you, but I ask that you sit back and WATCH. I think you'll be shocked (and sickened) by what you witness.
It has been many, many, many years since I could be shocked and sickened by anything done by the R's & D's performing their circus tricks under the direction of their owners.
I'll be buying a Tokerev pistol, and a 40 oz bottle of malt liqour.
You might be able to get two tokes.
Toke, Toke Boom! Tokerev roulet
"I'll be buying a Tokerev pistol, and a 40 oz bottle of malt liqour"
Colt .45 - "It works every time."
http://coolwatersprods.com/index.php?main_page=product_info&products_id=355
"AK-47...When you absolutely, positively got to kill every mothaf***a in the room! accept no substitutes". --Jackie Brown
The base is already revolting.
Don't know if it'll do any good or not, but the revolt is on.
End the Republican party.
Where's the Rolex aisle?
FORWARD SOVIET!
East end of Pennsylvania Ave. Can't swing a dead cat without hitting one.
Obama couldn't win a card game of War!
Notice that Obamacare hits GOP and Libertarian states the hardest. Interesting.
There are Libertarian states?
If gas is down $1 a gallon and the average savings is $380 a year, that means they think the average American burns 380 gallons of gas a year or 7 gallons a week.
Seems legit. (sarkylert)
The good news for the rest of us: That "fat phuck" is a "doomed phuck" when TEOTWAWKI comes, leaving more for us.
An American, not US subject.
Just added health insurance execs to my guillotine list. The list that keeps growing.
Zombieland Rule #1. Cardio.
to shizzmonkey:
you think you dont pay gas taxes cuz you have never owned a car?? Think again! used a bus? then you have paid gas taxes, it's part of the ticket price. Bought food at the supermarket? Guess how that food got to the upermarket? You got it, you paid paxes, it's part of the food price, sucker.
Haha, what an idiot.
Insurance that isn't insurance.
Amurika!
Insurance that is fascism, that is assuredly treason.
An American, not US subject.
Heard at the guillotine: "Lie-hole up, or overeasy?"
...just a different name for another tax.
"...just a different name for another tax."
Yes, and no.
The Constitution says, twice, that direct taxes, that are not apportioned amongst the population or states, are prohibited.
The 16th. allows the direct taxing of income, and no other exemptions from the above mentioned direct tax prohibition.
Therefore, without the need for 9 connected ones, several of which are "dualies," to bless it as otherwise, Obamacare is Unconstitutional.
That it is a "tax," is their propaganda and meme. That it is "treason," is mine. Who ya gonna believe, paid to play, or the walk on that knows?
An American, not US subject.
My guillotine knows the difference as well.
It's absurd, but the slide started with "deductions" that benefit some people.
Take the mortage interest deduction, it really created tax for people who did not have a mortage. The list goes on and on in the 10K pages of our tax code.
If the 16th only allows for direct taxing of income, then how are all of these other thousands of factors allowed? Having a mortage is not income, having a child is not income, having a disability is not income, being in katrina's way is not income, paying child care is not income, etc, etc, etc. None of these things are income and so none should effect income tax, but they all do, largely because people wanted the "deductions".
The simple fact is they are all unconstitutional, but tht hasn't stopped the federal government for generations.
The 16th Amendment was not lawfully passed by the required 3/4ths of states. The whole ruse is illegitimate. Don't fall for it. http://www.amazon.com/Never-Fraud-Amendment-Personal-Income/dp/B001E0JPUG/ref=sr_1_1?ie=UTF8&qid=1418309584&sr=8-1&keywords=the+bill+that+never+was
So you are an American?
No Sir, I'm from Kentucky.
where you from? South America. yeah, what part? South Texas.
In pictures:
England >>> Charters >>> People >>> Colonies >>> States >>> The American country >>> Occupation of the American country, and oppression of the American people >>> Revolution >>> The united states of America >>> The Constitution; "Law of the Land" >>> The United States governmnet of the American republic
The United States governmnet of the American republic >>> The Constitution, "Law of the Land," ignored >>> Illegitimate and criminal United States government kills the American republic >>> Occupation of the American country, and oppression of the American people >>> Treason >>> Revolution >>> The Constitution restored as the "Law of the Land" >>> Restoration of the American republic, American people, and the American country.
An American, not US subject.
But Obama was just on he Colbert report telling us how much people love it. Surely he can't be wrong. After all he is the one.
The one Indonesian?
We still don't know who or what he is. Spooky ain't it?
He is the "Chosen One" who will lead his people to the Promised Land
Ask no further questions
" 'an he will fill mah gas tank 'an pay my mort-gauge."
Yes indeed. One Peggy Joseph on 10/30/08:
https://www.youtube.com/watch?v=Bg98BvqUvCc
Don't forget: "If I help him, he'll help me."
Memo to Peggy:
You helped him. Well?????????????????????????????????
Heffer, how be you fall for dat.....fool!!!!!!!!!!!
She smartened up though. Six years into the Obama presidency she explains how she was hoaxed.
http://www.wnd.com/2014/07/hey-obama-wheres-my-mortgage-payment/
"We still don't know who or what he is."
what matters is that the people who put him up there know exactly what he really is and that's the very reason he is up there. exactly the same why all the major british politicians are at least pedophiles if not even worse.
Look at the upside.
Now when I tell people, "politicians only lie when they move their lips", instead of some sarcastic put-off, people nod their heads.
was behind a mammoth sized scooter warrior yesterday at the food market,
she paid most of the bill with food stamps then wanted $50 cash back for her trip to Florida(?) held up the "express" line for 10 minutes because they didn't have enough cash in the register...
i almost got mad, but then had to laugh at the absurdity of the whole thing...
Scooter warrior I love it!
I was blocked a few months ago by a "scooter warrior" at Target. They knew I needed to get to the section they were blocking, but just didn't care.
So I leaned over them and grabbed a hold of a box of spaghetti, then deliberately allowed myself to fall forward and knock half the shelf on to their head.
I fake apologized, and then walked away while doing my best not to laugh.
More than one way to fight the fight.
An American, not US subject.
I would love to figure out a way to lock the accelerator on and send a scooter warrior toward the parking lot.
Scream fading into the distance...screech...BOOM!
I laughed at the reecent story about a fatso sitting on steaks while on their whale cart. The theft was uncovered by security in the parking lot.
I hope she had more than maximum number of items allowed in express line, to complete the absurdiality
That or on cheap shit made in China at stores that pay employees minimum wage.
CAN'T BEAT THIS SITE TO MAKE YOUR DAY
http://www.peopleofwalmart.com/
november retail sales out tomorrow
consensus +0.4% (month over month)
read a few articles today that had year over year in the 4%+ range
If Obamacare is Unconstitutional, which it is, you, we, are not obligated to comply.
An American, not US subject.
My lawyers at AK, AR, and Glock advised me of such.
They may try and collect from your estate.
Or his ass.
"Bring it on."
I'd rather die free fighting, than enslaved plowing.
An American, not US subject.
I love my country - I am a patriot
I hate my government- I am a patriot
Fuck you Bernanke
I'm spending my $380.00 on some of those Russian hookers highlighted in the previous post, before they raise their prices again.
I hope the include prostitutes and blow in the next GDP. That's what most of the savings is going towards.
Hint: they'll buy more gas.
Retail report: I live in a booming southern area, housing and apartments being built like crazy still. Went to the mall last night. The premier mall that most of the area goes to. Parked in the first spot near an entrance, and walked around from 7 til 10 looking at stuff. It was empty. I bought a couple of things, but did not see a single transaction other than mine. Not one purchase in Macy's, Nordstrom, Am Eagle, Hollister, A&F, Vans, Williams Sonoma, Pottery Barn, JCP and others. I did not see a single customer in most of the smaller stores as I walked around. It was weird. Even the food court was empty! Plenty of people to help in each store, but only me or a couple other people. I can't recall a mall scene like that in December. I've done my Christmas shopping during the week most years, and there's typically some life.
Ambian will do that to folks
maybe everyone's sick and tired of jews trying to make $ from the birth of JC?
not to mention his death, which fiscal month gets most of the "Easter" shopping next year? got to make sure my Q1 forecasting model is up to date...
I believe what I see, not what I hear. Reports from the local mall and surrounding stores started coming in around 6:00AM from my "shopping team" on the morning of Black Friday. They shocked even me, not only were the parking lots empty but many of the stores had more employees working than customers. This was something I felt was worth seeing first hand.
My office is across from the second largest mall in my state so as I went into work an unplanned visit seemed in order. Foot traffic inside the mall was far less than I imagined, most of the shoppers were younger women and older girls. These are considered the "core" and most diehard of shoppers. Many were carrying few if any bags, this indicates little in the way of buying. The article below includes a picture of foot traffic at 7:00am and looks at why animal spirits in reaction to Black Friday were far less enthusiastic than in the past. Note that stores did fill as the day went on.
http://brucewilds.blogspot.com/2014/11/retail-sales-expectations-should-be.html
Dropped by to check on traffic Saturday 4:00pm when the mall should of been packed so close to Christmas, traffic only rated medium with less people actually buying.
they were all out, waiting in line to fill up with that super cheap gas.
Well I know yer not talking about.the Houston Galleria because Macys got torn down. The mall is scheduled for.remodeling which is badly needed as the owner, Simon Properties, allowed it to deteriorate so badly. I just hope it has customers when completed.
Just got back from the store. 1/2 Gal organic whole milk: $3.59.
Please don't buy that shit in the store. Find the local co-op or local orgnic farmer and give them your business instead.
Down here in South Florida I go to Marando farms, great place!
Stupid amerikans, what will they fall for next?
Gas already at $2.37 here in lovly depressed South West Virginia
2.38 here in lovely Mexas i mean Texas.
$2.33 here at corner gas in Kentucky. Been dropping about a dime a day.
2.19 deep in the heart of DFW today.
I'm one of the 92 million swinging dicks between 18-54 sitting at home. Yeah, I don't drive anywhere. Save me your $380 please.
I hardly ever drive since I started not working. First fill up today in a month. I used to fill up every 5 days or so before kicking back. Kind of fun really.
Dead Banker #37? London ‘banker’ impaled after falling from penthouse
Conspiracy Fact: UN reports confirm Israel aiding ‘rebels’, Al-Qaeda groups fighting in Syria
Fox News host on CIA torture report: ‘The United States of America is awesome, we are awesome!’
It's all about the wealth effect. If 300$ makes people feel richer, they'll load up on 5 times the amount of debt.
Retail success!
Yeeees, komrades ... success !
But my oil and naural gas income loss is going to be much higher (much much higher) than the saving on the gas I buy!!! Don;t worry, though, I will be fine, don;t worry about me! I still have my cattle, (going down the limit everyday this week) and my crops (worst prices for corn and soybean since 2005)
When all the investors in the Bakken, Pennsylvania fracking and other find out their bullet proof investments have vaporized, I still will have plenty of beef to eat, while they will have nothing but a story to tell the other drunks at the bar!
$380 doesn't even coverthe increase in my healthcare insurance. Fuck You Bernanke
Aye aye fellow central banker pun named account!
American's have been sliding into debt at a greater rate since the economy crashed in '08. Reduced fuel prices simply slow that decline - it doesn't amount to discretionary income you asshole.
So ummm, yeahhh, about that... So does this $380 instead getting spent on healthcare then help or hurt GDP? Because that's the bottom line. Cuz if healthcare is NOT part of GDP, then the summary of this whole piece makes sense. If healthcare is included, then not spending money on retail, and instead on healthcare, (ie neutral for GDP), then what the hell was the point of this piece???
The local Starbucks is selling their Christmas cups ("All under $20") for a 30% markdown already, two weeks to go to X-mas. This, in Northern Virginia, God's promised land of unending .gov largess.
DUUUUUUUDE..
Thanks for that tip
With gas so cheap, I may fire up the old Toronado and make the 300 mile trip to snatch up every one of those fine deals
Next time, keep this stuff on the down low and send me a private message, so nobody else catches on. I'm still recovering from hypothermia and bruised ribs from my Wally World campout and subsequent front entrance trampling
But after I load up the trunk, you must tell me: WTF is a "Christmas cup"?
I'll believe in low oil prices when UPS, FedEx, airlines, and my septic pumping guy stop adding a 'fuel surcharge' to my bill! That last guy is full of sh*t!
Wow, and insurance premiums had never risen at double digit rates until obamacare...
at least then you had a choice... Do you have a choice now?
Hey dumbass, did your old insurance have a $5,000 deductible? Do you get it? Your insurance goes up double digits and instead of a $1,000 deductible, it's now a $5,000 deductible.
If you get sick, that means your insurance just went up $4,000 a year, ya moron.
don't forget the 250 miles you have to drive to find an in network physician, cause we don't pay anything for out of network.
BCBS raised mine $150 per month and my wife and I didn't even go to the doctor once in 2014.
The heatlhier you are the more you pay. The opposite of auto insurance.
Hello bizzaro world.
Anything over $10. a barrel and the Saudis make money. They were shitting in high cotton at $140. or a hundred dollars a barrel.
they can put it towards the 100% increase in Beef prices....something like 15 steaks should cover it.
you must be getting those cheap walmart steaks.
I will never pay a premium for anything with a $5000 deductible, especially not health care. I'm 61, and I do believe that my total expenditure on health care since I was 18 is less than $5000, so they can suck my pat dick on that one.
I will also not pay a fine for not purchasing such health care. They can come and get me if they like and put me in jail. Then, I'll get free health care, including free room and board and probably get fucked a few times a week by cellmates, so there is an upside.
Fuck Obama and the rest of the §•§•?ª§4¶4DUT in his administration.
Yeah, and fuck Aetna, Blue Crooks, Janet Yellen (no, scratch that, he's a dude), Bank of Amerika.
They won't put you in jail. This is the IRS. They will garnishee your income and take your assets.
They can only take the fine out of a tax refund. (so far)
Hence, no refund, no pay. My route of choice also.
What is a "pat dick"?
remember the androgynous character Pat from SNL? That's his dick... he don't know if it's a boy or a girl.
There once was a bald old man, a Scot.
Whose dick was a wide as a pot.
Said his wife, with a tittle,
You're not so little.
and they both walked awkwardly after.
Probably the only enjoyment to be had at 61.
I'm older than dirt too and after 40 I lost my xray vision and a gut appeared. I've never seen the inside of a hospital either but I don't like the odds all the sudden. .."on a timeline..." I've lost control of my youth, now I am glad there is insurance. The same insurance as stacking silver dollars.
Canada's press is in full meltdown mode over low oil prices. Canadians deserve everything they get, more so than Americans.
The boomers are gonna need that (pittance) savings...
The congressional proposal to deal with a supposed crisis in worker pensions by allowing trustees to slash the benefits of already retired workers to shreds is heading toward enactment.
We reported on this plan last week, observing that its details were secret. They still are. Reps. John Kline (R-Minn.) and George Miller (D-Martinez), the chairman and ranking Democrat on the House Committee on Education and the Workforce, told reporters on a conference call late Tuesday that the measure is being passed over to the House Rules Committee, which will move it as an amendment to an omnibus spending bill, as early as Wednesday. Senate action will follow, presumably no later than Thursday, when Congress departs for vacation.
http://touch.latimes.com/#section/-1/article/p2p-8223
Duplicate
For the past three weeks, Zero Hedge has been breathlessly excoriating lower oil and gas prices. Today, they mock the money saved by consumers that they can redirect to spending they choose vs sending it straight to Russia or the Middle East.
Me thinks the PTB who run Zero Hedge must be connected to these producers, and are in a panic mode as in one move both the dollar is collapsing meme and the Rise of mother Russia is dashed, and input costs across the entire U.S. economy is reduced which will lift velocity of spending and the U.S. economy, thus strengthening the nation.
Come clean ZH.
You werent in Texas during the early 80s were.you?
personally Im shoping after christmass! Evertyhing is 75% off!
I cancelled Obamacare. I have temporary insurance now and will join a sharing ministry next year.
Red herring.
Healthcare has become a bone crushing burden and many of the people with few assets will start dropping coverage.
Me and Spider can go spearfishing more on farther reefs.
Grouper, Snapper, and Florida Crayfish BBQ at the pool at my trailer park!
Dirty Mike and the boys are bringing the beer, old mustard, and a poodle.
We ain't in debt either. My 97 K Blazer is paid off and so is my 15 year old boat!
Lot rent is cheap I'm living the sustainable downardly mobile dream.
Your fish are Corexit laden. I live near the Gulf, too.
They found a 25 mile long oil/corexit reef under the water off the shore from here. It dropped out of the news almost immediately, but the corexit reef didn't.
Brings new meaning to fish oil supplementation.
I'm on the Atlantic side though, any nastiness out there I need to know about?
why sniff glue when you can eat corexit?
Tyler played bulls on oil?
Nobody heard of the cost of goods sold which includes gas prices to commute their goods from one end to the other.
Still as of now- we can't transport goods sold to the stores through telekinesis, or simply beam them up like they do on the Jetsons and on Star Trek. And this telekenesis technology is still more unaffordable than oil.
I ordered more Maple leaf's with my gas savings.
Enjoy the 1/4 TOZ. It's a start.
The world is running (and ruining) on lies. It's one massive lie after another. Anyone who has access to the media is there to tell the lies the media wants to hear.
Those who lie the best get paid the most.
Those who lie the best get paid the most.
You just summarized the world in 9 words.
More folks are on the road since the gas prices got lower (at least in Atlanta). I will burn up any savings sitting in more traffic.
Couldn't find a traffic jam between my house and the mail box. I walked it in flip flops. Couldn't be bothered dressing up.
Giving you one last chance to BTFD.
I understand it's a very short dip in a fucking 6000 year old bubble.
Or so the media told me.
My premium jumped $32 per month... Hopium.... I'm such a sucker!
But we had hope, right? I liked the walk around videos on the college campuses a couple years back, asking about Obamacare. A lot of students thought it was going to be 'free'. That's why I'm not letting my kid anywhere near college. I want my kid to be able to THINK.
ours is up $156 for the year, and an additional $200 on the deductible.
Boy, i'm sure happy that I get to pay for those illegals to get government funded "Health care".
Nope. I'll reinvest any fuel savings in my business. In other words, Zero Hedge is full of shit.
Must be a "small" business if $380 is a significant percentage of your capex. Lawn mowing perhaps?
lmao, apparently you know nothing about commercial lawn care, even very small one man operations. $380?? significant?? heeeee heeee haaaaa.
LOL
What are you buying, a new squeegee and a frame for your cardboard sign?
such contempt for the american people....you must be british tyler
I wonder what Vlad is going to spend his gas savings on? :-)
I gave up completely and went back to college. I have Yellen and Janet Napolitano as my patrons. They give me two incredible insurance policies, everything completely paid as long as I don't dare take a job.
And those savings on gas going to Obamacare. Well, we know we can just count on low gas prices forever, right?
Fuck Obolarang!
I think most of us will spend what we save on food. Have you priced hamburger lately? How about a nice steak for the barby? Milk? A loaf of bread?
Every time I go to the store, prices are higher. In the last year, I bet my food prices have gone up $250 and I eat at home and make my own food. The only thing saving me any money is my garden. I'll bet I saved $1000 with that and the freezer is still well stocked. Fed a lot of people too.
Everybody should take their $380, and go buy a .380...
Or better yet, a .45.
"So yeah: that whopping $380 in annual savings for those Americans who spend at the pump (so that excludes millions who do not commute as they don't have jobs and/or travel sporadically) if not used to pay down debt, will be spent all right."
Even those who take the bus pay extra when gas prices rise as bus fares tend to go up due to those rising costs... only they don't get their money back when prices fall as bus fares NEVER go down. And who are these people; they are the very poorest who, as always, pay a proportionally higher price for everything. What percentage of the population don't drive, I wonder? Pretty high and getting higher all the time.
i spent mine on a Ruger LC9
hey, that rymes.....
If there's anything left over I reccomend guns and spam and a water filter.
Anyone talking about "reduced energy costs" hasn't opened their electric bill lately. Higher electric costs in the Northeast are eating up almost any benefits from lower gas prices.
$380? Well I just spent about $250 on a badly sprained ankle and that was with my employer's health insurance. That was a doctor's visit and an x-ray. This hit me hard. I barely get by as it is - what if I'd broken my foot or something worse?
“It’s a fair bet that most of the reduced energy costs are going to show up as added spending by consumers somewhere”
So freaking what? It's not like they had ADDITIONAL INCOME to spend. They'll just spend it on something other than gasoline at which point total idiots in the MSFM will report to other idiots that there is "great news" in holiday shopping indicating "a recovery" at which point the robot algos will pump the market.