Quote: rxwineunless my source is wrong. : )
Quote:. Credit card delinquency rates have jumped to 13.1%, marking a 16-year high. Student loan delinquency rates have also soared past 10.3%.
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Yet my credit cards constantly raise the amount I can borrow and I never even ask them for it. Doesn't matter to me I seldom use them anyway
Quote: AZDuffmanQuote: billryanI got my license in 1976, and the only gas lines I remember were in the summer of 1979 and those only lasted a short time. In NY, after a week or so of lines, they began alternating days. If your plate ended in an odd number, you gassed up on odd days. Once half the cars couldn't get on line each day, the lines pretty much went away. One of the problems in 1979 was the pumps themselves. They weren't designed for triple figure gas so some stations chose not to sell gas until their pumps were fixed, others sold gas by the half-gallon, which was illegal agt the time.. They also had gas lines for a few weeks in 1973/74, but I wasn't driving yet. The next time I waited in line for gas was after Superstorm Sandy
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There were several problems in 1979. Oil prices were regulated. "Old" wells had prices capped but "new" wells did not. Idea was to encourage new drilling, but it more made people limit production.
Back then you had to pull up to the right pump and you had to wait if a car on the other side of the island was using it first. Today pumps have all grades (except special stuff like E-0) at all pumps on both sides.
Stations are far larger even if far fewer in number. But it is more efficient.
There were other price regulations as well.
I would rather pay more and be able to buy all I want than have to wait for a limited supply USSR style.
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The Iranian Revolution was the drivin g force behind the lines. It took about 10% of the worlds oil production off line.
Quote: billryanQuote: DRichQuote: billryan
Alexa says the average household has spent an extra $800-$1,000 just in extra fuel costs.
I spent less than $140 filling up my car this passed year.
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What did you pay in insurance on it?
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Close to $1000. Apparently my insurance company forces me to keep the same coverage limits on all of my vehicles insured by them.
E10 grade Petrol is about $7 per US Gallon.
These prices are about 30% up on the pre war price.
Quote: OnceDearHere in the UK, Diesel has just passed £2 per Litre which translates to almost exactly $7.60 per US Gallon.
E10 grade Petrol is about $7 per US Gallon.
These prices are about 30% up on the pre war price.
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But you have nowhere to go in the UK. There's a guy I follow on Youtube from the UK who says a 15 minute trip is considered exhausting. He was here for three weeks this summer for the World Cup and he said he drove more in the United States in three weeks than he ever drove in his entire life in England. Drove him crazy. He would sometimes drive 600 miles a day and was constantly complaining about the sheer size of the United States.

