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Readers: Gas will be $5 by the end of summer

Sunday, June 8, 2008

More than 300 readers responded to the recent Brazil Times' online poll.

The Times' asked its readers, "Do you believe gasoline prices will exceed $5 before the end of summer?"

Readers were given options of yes prices would increase or no they would not.

Of the 344 readers that responded to the poll, 258 (75 percent) believed prices would exceed $5 while only 86 readers (25 percent) said no.

A total of 16 readers also commented regarding the poll question.

One reader said, "It's ridiculous, but yeah. You know, Bush's family is in the oil business. He's about to be out of office. What do you think? My question is, why would people think that a guy who can't even keep his own business going could run an entire country without screwing it up?"

Another reader stated, "Gas prices will keep on getting higher. Before long, we will be seeing $7 to $10. I myself will have to quit my job and stay home and hope my husband's work holds out," while another reader said, "The good thing about high gas prices is that we, as consumers, are more aware of our wasteful habits. If prices ever return to normal, the US will be more educated about gasoline conservation and we'll have more fuel-efficient cars on the road, further decreasing our dependence on foreign oil."

Another reader stated, "You bet! I know what I'm going to do with my left over dollar from my next fill up. Instead of a lottery ticket, I'm going to buy some stock in the oil companies. Seems to be a better bet than the lottery. What do you think?"

The Times' current poll question is, "Are you looking forward to the annual Fourth of July Festival?"

Readers are given three options to choose from, including:

* I can't wait for the festivities to begin,

* I'm sort of looking forward to it, or

* No thanks. I'll pass.

As always, readers are given the option to comment on the poll.


Poll Results

Question

Do you believe gasoline prices will exceed $5 before the end of summer?

Answers

* Yes -- 75 percent (258 voters),

* No -- 25 percent (86 voters)


Comments
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It truly drives me crazy that gas prices are so high but yet the oil companies are claiming to be making "record profits" (not revenue, but PROFITS). Now if they were simply struggling through our weak economy like other businesses, that would be one thing but to say you're breaking records in terms of profits?! Come on!!!

-- Posted by andypflueger on Mon, Jun 9, 2008, at 5:16 AM

Andy,

Each gallon of gas gives the oil companies about 9 cents of profit while government gets somewhere between 33-40 cents in taxes. The oil companies spend billions on drilling platforms, extraction technology, transportation, labor, retail outlets, etc. Government? They pass seatbelt laws and laws that make our vehicles use more fuel and force the oil companies to jump through hoops to get the oil we need for fuel.

So, who was it again that is making record profits? Less than 2% of my income goes to the oil companies. More than 30% goes to the government. I can do with out all the restrictive laws. I can't do without the gas.

Personally, I applaud the oil companies! Fire up the drill rigs, guys! Get out of the way, government, you're screwing the American public and we won't take it anymore!

-- Posted by TheRider on Mon, Jun 9, 2008, at 6:07 AM

Rider come on Oil company execs are making up to 9 billion dollars a person is that fair. I do agree (somewhat) that our federal government needs to step in and cut the tax on gas and possibly start using our oil reserve to help the economy. But when you start talking about the passing of laws and that you can do without the "restrictive laws" those laws are passed by elected officials. Dont like the laws change the officials or run for office. Regardless $5.00 a gallon of gas should never be in our vocabulary.

-- Posted by BigCB20 on Mon, Jun 9, 2008, at 2:44 PM


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