Gas prices and buying cards

[jingram058]

No, the well-heeled, as so many who frequent these threads are, will go right along, totally indifferent.

A while back I was buying gas for my Honda Civic. Fellow pulls in with a giant dualie truck, all black and chrome with an electric step that slid out for him to get out. He's dressed in black, with white shirt, cowboy hat and boots, string tie. I casually asked how he liked putting gas into that big rig. "Son", he says, looking at me over his Roy Orbison sun glasses, "I've reached that station in life where I can afford nice things, like this here truck. I'd pay $20 a gallon if that's what it goes to."

[iwantitiwinit]

I doubt very much that the current increase in gas prices will hamper someone willing to pay $1,000 for a card. That said if gas hits $10 a gallon (which I think it will) I might have to up that to $2,500.

[Johnny630]

People are going to be very skirmish and tight with their moneys online, eBay and at shows...especially middle and low grade...it’s gonna be tight.

Auctions are a different animal especially for the higher end Graded Cards inflation and Rising Gas Prices Don’t really matter for the elite class.

[rjackson44]

Gas prices I just went to Boston chicken ,$20 for a half a chicken lol..time to sell my 66 orr😳

[Foo3112]

If someone here will be affected by gas prices, then I don't think they should be buying cards - especially at today's prices.

[Wanaselja]

Will threads about world events affecting card prices affect card prices?

[Carter08]

Originally Posted by Wanaselja

Will threads about world events affecting card prices affect card prices?

That is the real question.

[peanuts]

Originally Posted by Foo3112

If someone here will be affected by gas prices, then I don't think they should be buying cards - especially at today's prices.

It will affect the people who are younger collectors. As a grad student, I could still swing fitting a T206 into my budget every few weeks. With inflation, that budget space is definitely gone.
Plenty of other folks in my position who are now facing the same slash to their fun money.

[bobbyw8469]

Elections have consequences.

[Tyruscobb]

Originally Posted by peanuts

It will affect the people who are younger collectors. As a grad student, I could still swing fitting a T206 into my budget every few weeks. With inflation, that budget space is definitely gone.
Plenty of other folks in my position who are now facing the same slash to their fun money.

I agree. Everyone has different budgets and different situations.

[Exhibitman]

Originally Posted by rjackson44

Gas prices I just went to Boston chicken ,$20 for a half a chicken lol..time to sell my 66 orr��

You eat at Boston Market and the gas comes with the meal.

[rjackson44]

Originally Posted by Exhibitman

You eat at Boston Market and the gas comes with the meal.

Now that’s funny and true love the exhibit man big fan

[TUM301]

Higher gas prices, who knows how high but 6-7 bucks seems plausible, will not only hit drivers but virtually everything you purchase. 95% of goods are moved via truck so look out consumers. On a side note, was talking with the queen yesterday and mentioned to her "our home heating oil contract will be coming up for renewal in May". Here in new England about 50+ % of homes are heated with oil. Usually your oil provider will send you a contract in May for your following year`s worth of oil, payments can be stretched out over 6 to 9 months. Last year we bought 600 gallons (keep heat at 63 degrees) at 2.50per gallon so 1500 dollars total. Today`s quote, and who knows what that`s worth, was 5.32 cents gallon. Looking at roughly 3200 dollars and possibly counting, OUCH. As mentioned, most N E oil providers make their offers in May so stay tuned.

[Johnny630]

The vintage card market had a major correction 2007 2008 with the financial /housing crisis, it could happen again. The effects of this won’t be felt until 6 to 8 months down the road.

Remember it’s never a gain until you sell for a profit and it’s never a loss until you sell for a loss, it’s all unrealized, staying in the game is the key !

[Republicaninmass]

Originally Posted by Exhibitman

You eat at Boston Market and the gas comes with the meal.

We need methane reduction, that's greenhouse gasses!

[chalupacollects]

Originally Posted by Exhibitman

You eat at Boston Market and the gas comes with the meal.

Or do you get a fill-up of gas by eating the food?

[Bobbycee]

You may be right on $10 a gallon- although that might be a bit high. If so, this country is in for a very bad time. Many products and services are derived from oil. That would mean massive inflation, and a hard pause for some of us collectors.

[mrreality68]

Gas prices going up will not effect most people buying cards the bigger issue would be what happens to their investments like their 401k and stocks. If they start losing money in the market to me that would have people slowing down or the card purchases or stepping back from the “bigger cards” they might have bought.

[Tyruscobb]

Psychology and the stock market are also factors. The stock market is down this year, and prices are up across the board. Even though the gains are only on paper, people feel richer and spend more when they see their retirement accounts rising. People typically tighten their belts when the market goes down.