Would $5/gallon gas prices curtail your skiing next year ?

[outofshape]

It might not curtail the skiing/snowboarding but it will curtail the amount we go out to eat.. i.e. breakfast, lunch, dinner.

Beer will go to PBR and God forbid some $3 buck chuck.

[Strat]

Has there been any discussion of revitalizing train travel to VT or what can be done to make it work?

Governor Dean had some big ideas for railroad revitalization back in the 90's, but they for the most part got shot down because everyone assumed that it wasn't worth pouring money into a system that would go underutilized... if gas prices keep rising though we may see an interest perk up once again.

[win]

Here is a prediction that is going way out on a limb. All bubbles eventually burst and the most dangerous five words in investing are "this time it is different." When the commodity bubble bursts prices will come down dramatically. Just wait until China's 12% growth slows down to 8%. Let's resume this conversation in a year!

My beat up old 2000 Cherokee gets only 18 MPG at best. At 155,000+ miles, it just keeps going and going. Not going to incur a premature car payment just to get a more fuel efficient car. I won't let gas prices impact my skiing. I'll cut back somewhere else if need be.

[freeheel_skier]

Here is a prediction that is going way out on a limb. All bubbles eventually burst and the most dangerous five words in investing are "this time it is different." When the commodity bubble bursts prices will come down dramatically. Just wait until China's 12% growth slows down to 8%. Let's resume this conversation in a year!

Amen Brother!

[Hawk]

Back from Utah............Geese......Skiing is what we do in this house. I can truthfully say that the cost of gas is irrelivant. Skiing is what keeps us going through the week. I would cut out everything else in my life to subsidise my addiction....

[beelze]

Here is a prediction that is going way out on a limb. All bubbles eventually burst and the most dangerous five words in investing are "this time it is different." When the commodity bubble bursts prices will come down dramatically. Just wait until China's 12% growth slows down to 8%. Let's resume this conversation in a year!

Gonna take the Fed to stop printing the money too.. that or the domestic econ to turn back up (catch 22) and drag some of the hedge money out of crude and back into equities. Then perhaps OPEC would see fit to return to their hedging programs.

As to the original question - up until 2003/4 I would drive up for a week to 10 days then back home for a week or so. Rinse, repeat. About a 600 mile r/t and 30 gallons in the old SUV or 24 in the current ride. When gas (super unfortunately) was 1.50-1.75/gal this was no problem (other than the travel time) at roughly 45 bucks. With prices now around 3.50 ($85) I spend the majority of the winter up here - admitedly I do not miss the drive. But it is also the first year I didn't go to Jay, Stowe, Smuggs or Kmart for a change of pace. Likewise I think I only made two trips into Burlington.

So in my case I've adjusted along the way already and to some extent would continue to do so as the price rose, though there really isn't much more to be saved on travel alone. Eating/drinking out would probably be next in line.

As to $5/gal that would take crude to be between $175/200 a bbl given current and past refiner margins so we probably have some room to breath before that becomes a regular price.