monarchsfan16 said:I'll cry
Puffy2 said:People who make minimum wage will quit their jobs because it won't be worth it (it's barely worth it now).
Car dealers will suffer because they are stuck with gas guzzlers. Meaning yet more layoffs.
Travel industry will suffer (some people just won't be able to travel and airfare will be too high).
Retail and Restaurants and Entertainment industries will suffer because most people will have to spend their "extra" (?) income on gas instead of eating out, buying stuff at the mall or having a good time.
Groceries, appliances, shipping, transportation, retail goods, - everything will increase in price because these industries will pass on to the consumers the higher prices they have to pay .
What will we do? The best we can.
DisneyMommyMichelle said:Unfortunately DH drives 50miles EACH way to work, so i don't know if it hits 5$ what we would do???? suck it up i guess. he at least drives a Civic and it gets GREAt gas mileage!!
Pigeon said:Well, we won't be in the market for a new car for a couple of years, so I'll keep driving my small, fuel efficient car judiciously for now. But next car we will definitely be looking at the hybrids.
Honestly, I don't have a problem with gas being so expensive. I think it will be better for the environment and will finally prod the government and the automakers to take global warming a little more seriously.
Most of us will suffer though. I live in a place with zero public transportation and have no choice but to travel 15 miles to school. My husband drives about 80, round trip, every day. We don't just go out driving for the hell of it now, so when the prices rise, we'll have to cut back on other things in our lives to make up for it.Not to mention that the cost of food and other goods should logically go up drastically too. Those extra expenses would have to be factored in at some point too.Charade said:Let's assume gas reaches near the $5 mark. If your DH drives 100 miles a day back and forth to work in a civic that gets at least 30 miles per gallon. Your current gas per month (commute only) is about $220 (at $3 per gallon). If it jumps $2 per gallon, your gas cost goes up by $146.
Where would you get the extra $146?

Planogirl said:Not to mention that the cost of food and other goods should logically go up drastically too. Those extra expenses would have to be factored in at some point too.![]()
OK, maybe just 50% then? Transportation and energy costs are usually major components of a product's cost. Even a measly 25% across the board price hike for goods could really hit many people hard.Charade said:I don't think they would go up drastically because the fuel cost is a percentage of the product or service's cost. I wouldn't expect a product to go up 150% just because the fuel did.