Does anyone else realize the price of diesel fuel is 60% of the reason we are in this Economicccrisiss?

Question

When diesel goes up the price of everything goes up, and than people can buy the extras or even pay their Bills
That what started this whole mess and until Washington wakes up we are doomed

Answer 1

That's absolutely right on the money. But not just Diesel fuel--fuel costs in general.



I've been to too many city council meetings where they had to raise rates for services because companies had raised the rates to the city...because their fuel costs had gone up. That forces taxes to go up, utility costs, etc.



Fuel prices also caused people to put off some of their mortgage payments, i'm sure, which also led to the mortgage meltdown, along with some shady lending.



Gas prices are at the center of it all.



Thank you Lee Raymond. You're rich after ripping off the American public, while the rest of us are suffering.



http://abcnews.go.com/GMA/story?id=1841989

Answer 2

it's a factor. But I think the economy fell apart last October when the bail-outs started happening. Bail-outs hurt the banking industry, and causes them to tighten up on loans. When people can't get financing for cars, big screen TVs, appliances or other various home improvements, then people stop buying such items. When diesel hit over $5 a gallon last summer, I didn't see a drop in my pay at all. Now I'm making half of what I used to, and things started falling apart right after Christmas, at least in my line of work.

Answer 3

Nice inflated statistic my environmental fanatic friend.



I'm 60% convinced that you made that up...and an additional 39% convinced you made that up.



Diesel prices are high -- but businessmen who are taking care of business hedge their fuel prices, likely to create a price ceiling far below the advertised price at the pump.



However, the airliner businesses hedged on the wrong side of the trade and bought crude while it was at it's peak, so they're still paying inflated prices...which is why some are still charging for peanuts and air to breath.

Answer 4

fuel has nothing to do with this. im not sure who told you that. the reason our economy is in shambles is because of the big banks. the federal reserve. they control the money the market and that controls us. fuel has no berring on this what so ever. the reason prices go up is from inflation and controlling the supply of fuel. they purposly slow the production to raise prices and use that as a scam to get us into wars and other mishaps. if you hit people where it hurts they will do anything.

Answer 5

You have absolutely no verifiable evidence to prove that "the price of diesel fuel is 60% of the reason we are in this Economicccrisiss"





Next.

Answer 6

The high gasoline, diesel, and jet fuel prices last year might have triggered this situation, but they are not the main cause.

Answer 7

Diesel is just one of many products that comes from the oil refining process. There's nothing special about it, that makes it fundamentally different from gasoline.



From each barrel of oil we refine, we get

9.21 gallons diesel

19.15 gallons gasoline



It's exactly that simple.

Answer 8

Washington knows exactly what's going on believe me.. The thing is they choose not to act....Higher prices= Higher profits for companies = Campaign donations...

Answer 9

that is a small part of it.

When you add in huge increase in minimum monthly payments on revolving credit accounts, trillions in payouts on credit default swaps and sub-prime derivatives, de-industrialization with and outsourcing of other industries, and a dependency on foreign investment to help our assets maintain value, you have a recipe for disaster.

Answer 10

Truckers do... along with most people that pull their head out of the sand. "Drill Babby Drill"?



There has to be a better way!