Will Gas Prices Change Your Moto Plans?

crusher773 wrote:

I am getting to a point where we will have to cut our Millville trip. This sucks so bad because we really want to see the...

I am getting to a point where we will have to cut our Millville trip. This sucks so bad because we really want to see the 222. This whole deal sucks. I make quite a bit more than I did 4 years ago yet we have way less money and aren't living as good.

sandtrack315 wrote:

Costs are up about 12 percent in the last 4 years. Unless your raise was less than that, something here is off.

agn5008 wrote:

No doubt. Contract negotiations are coming up at my work. We’re gonna ask for 8% increase but we all know we won’t get anywhere near that...

No doubt. Contract negotiations are coming up at my work. We’re gonna ask for 8% increase but we all know we won’t get anywhere near that. It’s crazy to think I’ve gained more experience in the last year but I’m technically making less money 🙄

dang472 wrote:

We just ran some numbers talking at work about mortgage rates and buying power. Say you bought a $180k house 2 years ago at 3.2% for...

We just ran some numbers talking at work about mortgage rates and buying power. Say you bought a $180k house 2 years ago at 3.2% for 30yr. Now today with inflated home values and higher mortgage rates, that same size home is selling for $240k at roughly 5.9% interest for a 30yr. $750/month mortgage 2 years ago compared to $1400/month today for the same house. Add an extra $700-900 a month in increased fuel and grocery expenses and average people have serious decisions to make regarding discretionary spending. I don’t know many middle class families making an extra $1,500-2k a month to continue the current way of life.

dang472 wrote:

We just ran some numbers talking at work about mortgage rates and buying power. Say you bought a $180k house 2 years ago at 3.2% for...

We just ran some numbers talking at work about mortgage rates and buying power. Say you bought a $180k house 2 years ago at 3.2% for 30yr. Now today with inflated home values and higher mortgage rates, that same size home is selling for $240k at roughly 5.9% interest for a 30yr. $750/month mortgage 2 years ago compared to $1400/month today for the same house. Add an extra $700-900 a month in increased fuel and grocery expenses and average people have serious decisions to make regarding discretionary spending. I don’t know many middle class families making an extra $1,500-2k a month to continue the current way of life.

moto162 wrote:

The issue is weather some of you want to admit or not is political and it is effecting our lives negatively. Most of us here will...

The issue is weather some of you want to admit or not is political and it is effecting our lives negatively. Most of us here will be able to weather the storm or most of it because we bust our asses to do things we love like race dirt bikes that keep getting more and more expensive by the day themselves regardless of the economy. The second stimulus check had pushback from lots Republicans and republican constituents. Even a little from trump for fears of inflation and a recession. But it went through. The 3rd stimulus was fought over even more for the same reasons fears of inflation, recession and devaluing our currency. We now know who was right. The past often predicts the future of our present right?

We have zero reason in the US for fuel to ever be so high. We understand why prices are so high in other country's around the world that can't produce their own oil to cover their usage. That is not our issue. If Joe so decided today he could say America is open for oil business and in 12-16months our gas prices will be in the 2.00-2.50 range. Not only from making that statment but the fact that him even signaling the US will get back into mass production if other nations don't up their production will cause places like Saudi Arabia to up their production because they would rather have a say in costs as well as they would rather sell us oil then us not buy it by using our own. Not only that him and his admin are so against everything oil that the flip would send a shockwave. Money talks bullshit walks. But that will never happen. Joe had even said it live on national TV. We are going to suffer and come out for the better. The problem is those that are suffering won't be better they will lose so much because of politics nothing more. Rember we're all in this together while being able to see clear as day we are not ALL in this together. Our issues will never effect these people.This is without a doubt how you keep people poor, angry and divided. If I was writing a book on how to eliminate the middle class and small businesses that survived the pandemic I would be using this administration as my guide. This is becoming a manufactured crisis.

downonmonday wrote:

I'm staying local, within 45 minutes of my house. No more toy hauler just for open ride days, drive 55mph, and no more VP Race fuel...

I'm staying local, within 45 minutes of my house. No more toy hauler just for open ride days, drive 55mph, and no more VP Race fuel for the bike. Not a lot of riding happening this year. I had plans to go from Illinois to Kansas for a special event in the fall, but that is certainly not happening. I even planned some Millville and Redbud track days, but that is also not happening. My Silverado 2500 gets 12mpg on a good day and with the toy hauler it gets about 9.5 on a good day. I raced this previous weekend and the turnout was not good. About half what it normally is for a lot of the classes. Fuel prices are killing everything from food to leisure. Thanks JB and Administration.

moto162 wrote:

Did you go to byron last week. Turn out was shit.

prozach wrote:

$6+ a gallon here in sac area. It was $2 a gallon just over 2 years ago. That's 3x more money to fill up. The big...

$6+ a gallon here in sac area. It was $2 a gallon just over 2 years ago. That's 3x more money to fill up. The big one is PGE also. They changed the time of use rates and times recently for solar which instantly cost me another $800-1000 a year in electricity.

And I see electricity rates going crazy in the next 5 -10 years as homes and cars move to all electric without the power grid expanding. Other than clothing and shoes I don't think anything has gone down in prices or stayed constant in the last couple years.

The current administration has a bunch of plans to inject money into consumers hands, which according to basic demand pull inflationary theory won't make anything cheaper and will likely have the opposite effect. Like newsom wanting to give Californians $400 for gas. All that does is drive up prices even more if supply doesn't increase. 🤦

bichwolf wrote:

The pain is good, the economy is actually fantastic.
The food crisis is next. That will be fucking awsome!

bichwolf wrote:

The pain is good, the economy is actually fantastic.
The food crisis is next. That will be fucking awsome!

LungButter wrote:

The looming DEF shortage will probably speed that up.

Don't forget the rolling blackouts as well.

cwel11 wrote:

I also think the bottom fell out of bike sales. Looking in the vital f/s section and marketplace things aren’t moving. Which sucks I’m one of...

I also think the bottom fell out of bike sales. Looking in the vital f/s section and marketplace things aren’t moving. Which sucks I’m one of them., ha. Missed my window I guess. To the guy posting about right wing talking points. I’ve got pretty strong political beliefs and by the sounds of it you do as well. Perfectly fine. One simple question, are you better off now than four years ago? Not a political question, and no reason to overthink an answer. Simply yes or no. You know the answer don’t you?

sandhills wrote:

Most of the stimulus checks and more importantly the QE all happened in 2020.

https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

wrc777 wrote:

It takes some months to move through the system. The balance sheet you posted shows increases until April of this year.

bichwolf wrote:

The pain is good, the economy is actually fantastic.
The food crisis is next. That will be fucking awsome!

LungButter wrote:

The looming DEF shortage will probably speed that up.

Don't forget the rolling blackouts as well.

wrc777 wrote:

It takes some months to move through the system. The balance sheet you posted shows increases until April of this year.

sandhills wrote:

Yes, gradual increases up to April this year which I agree add to the problem, but look at 2020 that's the bulk of it.

Flesh206 wrote:

Get your priorities straight. Drive a $1,500 truck and a 10k bike. Gas fund problem solved.

agn5008 wrote:

Ain’t many $1500 trucks out there anymore. They’re now $4000 trucks.

moto162 wrote:

The issue is weather some of you want to admit or not is political and it is effecting our lives negatively. Most of us here will...

The issue is weather some of you want to admit or not is political and it is effecting our lives negatively. Most of us here will be able to weather the storm or most of it because we bust our asses to do things we love like race dirt bikes that keep getting more and more expensive by the day themselves regardless of the economy. The second stimulus check had pushback from lots Republicans and republican constituents. Even a little from trump for fears of inflation and a recession. But it went through. The 3rd stimulus was fought over even more for the same reasons fears of inflation, recession and devaluing our currency. We now know who was right. The past often predicts the future of our present right?

We have zero reason in the US for fuel to ever be so high. We understand why prices are so high in other country's around the world that can't produce their own oil to cover their usage. That is not our issue. If Joe so decided today he could say America is open for oil business and in 12-16months our gas prices will be in the 2.00-2.50 range. Not only from making that statment but the fact that him even signaling the US will get back into mass production if other nations don't up their production will cause places like Saudi Arabia to up their production because they would rather have a say in costs as well as they would rather sell us oil then us not buy it by using our own. Not only that him and his admin are so against everything oil that the flip would send a shockwave. Money talks bullshit walks. But that will never happen. Joe had even said it live on national TV. We are going to suffer and come out for the better. The problem is those that are suffering won't be better they will lose so much because of politics nothing more. Rember we're all in this together while being able to see clear as day we are not ALL in this together. Our issues will never effect these people.This is without a doubt how you keep people poor, angry and divided. If I was writing a book on how to eliminate the middle class and small businesses that survived the pandemic I would be using this administration as my guide. This is becoming a manufactured crisis.

moto162 wrote:

The issue is weather some of you want to admit or not is political and it is effecting our lives negatively. Most of us here will...

The issue is weather some of you want to admit or not is political and it is effecting our lives negatively. Most of us here will be able to weather the storm or most of it because we bust our asses to do things we love like race dirt bikes that keep getting more and more expensive by the day themselves regardless of the economy. The second stimulus check had pushback from lots Republicans and republican constituents. Even a little from trump for fears of inflation and a recession. But it went through. The 3rd stimulus was fought over even more for the same reasons fears of inflation, recession and devaluing our currency. We now know who was right. The past often predicts the future of our present right?

We have zero reason in the US for fuel to ever be so high. We understand why prices are so high in other country's around the world that can't produce their own oil to cover their usage. That is not our issue. If Joe so decided today he could say America is open for oil business and in 12-16months our gas prices will be in the 2.00-2.50 range. Not only from making that statment but the fact that him even signaling the US will get back into mass production if other nations don't up their production will cause places like Saudi Arabia to up their production because they would rather have a say in costs as well as they would rather sell us oil then us not buy it by using our own. Not only that him and his admin are so against everything oil that the flip would send a shockwave. Money talks bullshit walks. But that will never happen. Joe had even said it live on national TV. We are going to suffer and come out for the better. The problem is those that are suffering won't be better they will lose so much because of politics nothing more. Rember we're all in this together while being able to see clear as day we are not ALL in this together. Our issues will never effect these people.This is without a doubt how you keep people poor, angry and divided. If I was writing a book on how to eliminate the middle class and small businesses that survived the pandemic I would be using this administration as my guide. This is becoming a manufactured crisis.

mike83 wrote:

I get the frustration, but there is a lot of misinformation in here. Oil is priced globally, not per country. The quantity of oil that the...

I get the frustration, but there is a lot of misinformation in here. Oil is priced globally, not per country. The quantity of oil that the U.S. imports has little to no effect on the price we pay for crude oil, since there is one global market for crude oil. Even if the U.S. produced all the oil it needed, U.S. consumers would pay the global price. The quality of the crude oil, and matching that type to refineries probably plays the most significant role in determining whether the crude is imported or not.

I feel like we likely still have increases ahead for gasoline prices, with hurricane season starting up and the vulnerability of refineries around the gulf states, in addition to the summer driving season. All of this probably won't impact my riding too much this year, only because my season is short and I don't have to drive far (usually), but I feel for my moto brothers who are out riding or racing every weekend.

mike83 wrote:

I get the frustration, but there is a lot of misinformation in here. Oil is priced globally, not per country. The quantity of oil that the...

I get the frustration, but there is a lot of misinformation in here. Oil is priced globally, not per country. The quantity of oil that the U.S. imports has little to no effect on the price we pay for crude oil, since there is one global market for crude oil. Even if the U.S. produced all the oil it needed, U.S. consumers would pay the global price. The quality of the crude oil, and matching that type to refineries probably plays the most significant role in determining whether the crude is imported or not.

I feel like we likely still have increases ahead for gasoline prices, with hurricane season starting up and the vulnerability of refineries around the gulf states, in addition to the summer driving season. All of this probably won't impact my riding too much this year, only because my season is short and I don't have to drive far (usually), but I feel for my moto brothers who are out riding or racing every weekend.