HomePersonal FinanceHow Soon we Forget - Gas Prices Drop

How Soon we Forget – Gas Prices Drop

Uploaded by Oldbones NY - Long Island Gas Prices on May 19, 2008
Uploaded by Oldbones NY – Long Island Gas Prices on May 19, 2008

There is an interesting debate going on Blueprint to Financial Prosperity, when he highlighted the “hack” that one could trigger Costco’s “member prices” when you use an amex card (full post and ensuing debate HERE). For various reasons, I am not going to get into the moral debate whether someone should use another person’s membership or a similar hack – mainly cause you can jump on Blueprint’s blog, and start judging people there.

Notwithstanding the moral debate, when gas prices were as high as they were in the picture, I would take my parents’ BJs card and then wait in line for 20 to 30 mins to save 20 to 30 cents per gallon…if not more! I would brag to people, I would invite friends to come with me and fill up, I would take The Wife’s car and fill her car up since she made it clear that she was not waiting in line for 20 mins for gas (we were both born after the gas crisis of the 70’s so we have no recollection of the gas lines you old timers speak of).

But, as soon as the oil bubble “crashed” dropping a barrel of oil from $147 in July to about $50 bucks today, and subsequently gas prices dropped from the picture above to about $2.29 I stopped going to BJs.  I was inspired to write this post when one of my buddys came by today and told me he filled up at BJs today for $1.99…a 30 Cent Difference!

Why the hell am I wasting money? I know I can get cheaper gas some where else, but because it doesn’t hurt every time to fill up I just put it out of my mind.  I think this may be a problem with America in general.  I feel (I use the word feel cause I have no research behind it) that when gas was $4 bucks in NY we, as a Country, made more strides to vehicles that use something other than gas, than any other time in the past.

What about everyone out there? Do other people do this also?



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