Comments on: Lower Gas Prices http://devin.reams.me/lower-gas-prices/ Thoughts on life, business, and technology. Sat, 13 Mar 2010 15:32:36 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Devin http://devin.reams.me/lower-gas-prices/comment-page-1/#comment-663 Devin Thu, 21 Sep 2006 22:05:16 +0000 http://devinreams.com/2006/09/20/lower-gas-prices/#comment-663 Hah yes, more good points. See, this post started out as an 'aside' yet it's already this long. I did actually think about the time-value of money... I figured a) don't argue with yourself on your own blog and b) stop typing. ;-) Hah yes, more good points. See, this post started out as an ‘aside’ yet it’s already this long. I did actually think about the time-value of money… I figured a) don’t argue with yourself on your own blog and b) stop typing. ;-)

]]> By: Brook http://devin.reams.me/lower-gas-prices/comment-page-1/#comment-662 Brook Thu, 21 Sep 2006 14:02:49 +0000 http://devinreams.com/2006/09/20/lower-gas-prices/#comment-662 You do make a good point. If the cost to get the savings exceeds the savings, then you are clearly a making a bad choice. However ... What is it worth per year if you save $0.05 per gallon and get 15 mpg and drive 10,000 miles per year and don't have to go out of your way to do it? What's that worth to you if you only make $30,000/year gross income and net about $25,000 a year? And what faction of your net income goes to gas (15 mpg and 10,000 miles per year, base price $3.00/gal). What is that worth in 30 years if the savings was invested at 8% return? You do make a good point. If the cost to get the savings exceeds the savings, then you are clearly a making a bad choice.

However …

What is it worth per year if you save $0.05 per gallon and get 15 mpg and drive 10,000 miles per year and don’t have to go out of your way to do it?

What’s that worth to you if you only make $30,000/year gross income and net about $25,000 a year? And what faction of your net income goes to gas (15 mpg and 10,000 miles per year, base price $3.00/gal).

What is that worth in 30 years if the savings was invested at 8% return?

]]> By: jakedahn http://devin.reams.me/lower-gas-prices/comment-page-1/#comment-661 jakedahn Thu, 21 Sep 2006 11:34:42 +0000 http://devinreams.com/2006/09/20/lower-gas-prices/#comment-661 Wow, it's gone down much lower here. It's like $2.11 down the street. Wow, it’s gone down much lower here. It’s like $2.11 down the street.

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