Gas - Prepare for $3 -$4!

[Paula]

Here is a cool calculator to estimate how much it will cost to drive to SOWAL from wherever you may be.

http://www.fuelcostcalculator.com/

Glad we have a scooter, Mini and Civic!

Skunkape: Now that was fun! It costs us $219.50 for a round trip from Michigan (I used Pensacola as the city since I don't think there was anything closer to SoWal). Thanks.

 

[Smiling JOe]

Skunkape: Now that was fun! It costs us $219.50 for a round trip from Michigan (I used Pensacola as the city since I don't think there was anything closer to SoWal). Thanks.

Either there numbers are off or you must get great gas mileage. I get about 20 mpg and it cost me between $225 - $235 for a round trip to Asheville from SoWal, which is about a 9 hour drive.

 

[whitesands]

After doing a little "figurin'"...I was wondering the same thing SJ

edited to add...what are you driving Paula...perhaps that is the key?! OR...perhaps your "miles away from the beach" are not as many? Just curious.

 

[Excalibur]

One way to offset costs and possibly profit from the high fuel costs - Buy Oil Futures or options on the Oil futures for later this year, particularly in AUG-SEPT. I have done this now and should make a nice profit. Hey, I can't beat the powers that be on this, so I might as well ride my own wave and attempt to offset the higher costs.

If you can see the hand writing on the wall, why not read it and be prepared?

I am not a dealer or financial broker, but if any of you have any questions on how to do this, just send me a private message and I will share with you what I know and have learned on my own.

Another thing to do would be to buy some long term gas storage cans or other approved storage container and buy gas now. Fill up the approved gas containers and put some fuel stabilizer in it. That way if we have any shortages later this year due to weather, ect or if gas does get to $5 and short supply, you are taken care of with your own supply at a couple of bucks less per gallon. Be proactive and think long term. Just my own $.02 worth.......

 

[aquaticbiology]

was over $100.00 to fill up the truck coming back last night (only one medium cobia, the rest that were going by in multiple packs of 40 or so had lock jaw or something)

time to park the truck and drive the little ragtop for a while til either gas goes down or bush and iran's boss russia spoil the party for us all

 

[SlowMovin]

One way to offset costs and possibly profit from the high fuel costs - Buy Oil Futures or options on the Oil futures for later this year, particularly in AUG-SEPT. I have done this now and should make a nice profit...

Have you ever done this before?

 

[Excalibur]

For myself yes. I just did it again as well for later this year. :clap_1:

 

[SlowMovin]

Sounds like you have some experience then. Good. I don't know that I'd recommend this to anyone who is not experienced in futures trading, though. The commodities markets are very adept at separating beginners from their money.

Last year, there was a sizable differential between the contract price of Aug/Sep oil futures in the spring and the final market price when late summer rolled around. No one expected the storm season to have the effect on fuel prices that it had. It was one of the rare occasions when the market got caught flat-footed. This year, you can be sure that that premium was factored into the contract price...along with uncertainty regarding Mid-East tensions and the usual time premiums.

Glad to see you have some background in the area. Kinda worried me for a minute there.

 

[ShallowsNole]

Another thing to do would be to buy some long term gas storage cans or other approved storage container and buy gas now. Fill up the approved gas containers and put some fuel stabilizer in it. That way if we have any shortages later this year due to weather, ect or if gas does get to $5 and short supply, you are taken care of with your own supply at a couple of bucks less per gallon. Be proactive and think long term. Just my own $.02 worth.......

It wouldn't hurt for locals to do this anyway, in prep for hurricane season. Enough to get out and get back...and a little extra to ride around on until power is restored.

 

[Excalibur]

Everything will be okay, it just gets a little challenging at times. However, at the end of the day it will all be okay. We literally live in one of the most beautiful places on earth, and hey, you have to take some challenges with the good.

Despite the challenges here from time to time - It is far better than living in a major Metro city and having power outages, supply shortages, ect.
If that happens here, we can just go to the beach.....