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13 Replies Last post: Jun 20, 2008 3:58 PM by designer

Any winners with rising gasoline prices?

Jun 17, 2008 3:59 PM

Generation4 50 posts since
Dec 11, 2007

Every day in the news I see the same story lines: Rising gasoline prices and negative impacts. This begs the question: Are there any businesses out there that are benefiting? This might be a controversial topic, but I thought I would throw it out there since we always hear about how everyone is getting negatively impacted. I would like to hear some good news on this topic - - is there any?

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flex_00 18 posts since
May 29, 2008

1. Re: Any winners with rising gasoline prices? Jun 17, 2008 4:08 PM

I hear Exxon and Shell are benefiting from posting record profits.

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EDGworks 4 posts since
Jun 17, 2008

2. Re: Any winners with rising gasoline prices? Jun 17, 2008 4:42 PM

I think this is an interesting question. With the "idea" in everyone's head that costs of everything are rising (and they are) I wonder if some companies are taking advantage of the rise and putting an extra couple of pennies in the pot? I know I'm not benefiting

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Bluesuit 136 posts since
Oct 23, 2007

3. Re: Any winners with rising gasoline prices? Jun 17, 2008 4:44 PM

Toyota and the Prius is definitely coming out as a winner. In CA there is a wait list. My guess is that any company related to "fuel economy" or "alternative energies" is getting more attention these days. Also, public transportation is getting a boast in revenue. Many people in SF are definitely taking the Bart these days. I can barely find any sitting room.

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MetroGal 101 posts since
Oct 20, 2007

4. Re: Any winners with rising gasoline prices? Jun 17, 2008 5:19 PM

The environment is a winner.

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PurpleSuede 6 posts since
Jun 17, 2008

5. Re: Any winners with rising gasoline prices? Jun 17, 2008 5:41 PM

My guess would be cars that are "fuel efficient" will be benefiting from the gas increase. I'm actually looking to buy a new car and one of my top priorities is to make sure that its good on gas!!!

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LUCKIEST 7,939 posts since
Aug 6, 2007

6. Re: Any winners with rising gasoline prices? Jun 17, 2008 9:43 PM

Any winners with rising gasoline prices. Great question

Think Segway, the two wheeled self balancing vehicle that runs on rechargeable batteries.

Bike stores are also doing a great business.

LUCKIEST

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Interpreter 27 posts since
May 29, 2008

7. Re: Any winners with rising gasoline prices? Jun 18, 2008 11:36 AM

Vespa, the company known for scooters, tripled their sales from last year. So that's a good market to be in.

As far as car companies profiting...I don't think they will. They come out with hybrids and hydrogen-fueled alternatives, but then everything gets political. Has anyone seen "Who Killed the Electric Car?" Check it out, it'll open your eyes. Unfortunately, it leaves you with more quesstions than answers.

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ceosteven 3 posts since
Jun 18, 2008

8. Re: Any winners with rising gasoline prices? Jun 18, 2008 12:34 PM

Of course the oil companies seem to be winning. They are recording record profits. The little people like us seem to be suffering the most. I have found a product that has helped me with my gas mileage. Since my wife and I both do a lot of driving and my daughter is now driving (she's 16 now & trying to drive every chance she gets) I really needed something. I came across this product and it's working for me. At least it helps to lessen the pain at the pump. Take a look at www.bestfuelsaversonline.com.

Steve

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LUCKIEST 7,939 posts since
Aug 6, 2007

9. Re: Any winners with rising gasoline prices? Jun 18, 2008 12:57 PM

Any winners with rising gasoline prices

10 years ago gas cost $1.00 a gallon. Even 5 years ago, gas was $2.00 a gallon.
But at $4. a gallon it could costs $100. to fill the tank.
Let do some math. The average American drives 15,000 miles a year (YES I said average).
At $2 a gallon we were happy to spend approx $2000. a year, But Not $4,000 a year.
Think how much a new car costs and are you really saving significant amount of fuel
by down sizing??

LUCKIEST

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Iwrite 1,101 posts since
Dec 29, 2007

10. Re: Any winners with rising gasoline prices? Jun 18, 2008 4:35 PM

Ridership is actually up for public transit in Dallas! That is a huge thing! I would ride it if it was more convenient. I tried to ride it downtown on the weekend to only discover that the trains run once an hour in the Dallas heat!! I miss Atlanta's system, Marta. One of my clients is organizing a carpooling program.

I am doing more telecommuting but it is saving me gas money. That's all I've got.

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caffeinated 176 posts since
Apr 29, 2008

11. Re: Any winners with rising gasoline prices? Jun 18, 2008 4:44 PM

in response to: Iwrite

Ridership is also up in Boston/Cambridge. The MBTA also hiked up fares. I don't get it. Wouldn't the influx in ridership revenue offset the need to hike up fares? I guess it's not hard to believe when you live in a state that's nicknamed Taxachusetts.

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caffeinated 176 posts since
Apr 29, 2008

12. Re: Any winners with rising gasoline prices? Jun 20, 2008 3:25 PM

I read in the paper today that sales of electric and manual lawnmowers are up 60 to 70 percent over last year. The rise in gasoline prices are having a two-pronged affect; 1) people are becoming more economical and 2) they're becoming more environmentally friendly

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designer 329 posts since
Feb 28, 2008

13. Re: Any winners with rising gasoline prices? Jun 20, 2008 3:58 PM

My neighbor bought a scooter. I would say bike/scooter/motorcycle shops are noticing an increase in business?

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Any winners with rising gasoline prices?

Jun 17, 2008 3:59 PM

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