# High gas prices: lead to economic collapse, or were just the icing on the cake?
**URL:** https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539
**Category:** NYSpeed Off Topic
**Created:** [October 16, 2008, 6:59am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539 "2008-10-16T06:59:12Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@j\_espo1](https://forums.speedlife.net/u/j_espo1)
#### Post date: [October 16, 2008, 6:59am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/1 "2008-10-16T06:59:12Z")
High gas prices: lead to the economic collapse, or were just the icing on the cake?
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### Author:  [@newman](https://forums.speedlife.net/u/newman)
#### Post date: [October 16, 2008, 7:00am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/2 "2008-10-16T07:00:10Z")
Do you actually ever talk about anything else?
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### Author:  [@j\_espo1](https://forums.speedlife.net/u/j_espo1)
#### Post date: [October 16, 2008, 7:00am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/3 "2008-10-16T07:00:54Z")
sorry maybe i should discuss 15 year olds :gotme:
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### Author:  [@newman](https://forums.speedlife.net/u/newman)
#### Post date: [October 16, 2008, 7:04am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/4 "2008-10-16T07:04:03Z")
See, here’s why that comeback sucks…
I rarely talk about girls on nyspeed, and when I do they’re definitely not 15.
If you wanted to be clever and make a snappy remark about something that I talk about a lot on here, you could have said:
> [@j\_espo1](#):
>
> Do you ever discuss anything besides making fun of douchebags like me? :gotme:
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### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [October 16, 2008, 7:08am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/5 "2008-10-16T07:08:16Z")
Housing, not gas, caused this mess.
And by housing I mean horrible lending practices, horrible accounting practices, horrible investment plans based on mortgage backed securities and a whole bunch of greed and gluttony that went along with it.
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### Author:  [@Bacon](https://forums.speedlife.net/u/Bacon)
#### Post date: [October 16, 2008, 7:10am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/6 "2008-10-16T07:10:17Z")
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### Author:  [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [October 16, 2008, 7:22am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/7 "2008-10-16T07:22:25Z")
If you want to blame the first snowflake to start this snowball effect the flake would be Janet Reno.
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### Author:  [@JCuz](https://forums.speedlife.net/u/JCuz)
#### Post date: [October 16, 2008, 7:23am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/8 "2008-10-16T07:23:19Z")
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### Author:  [@EvilJay](https://forums.speedlife.net/u/EvilJay)
#### Post date: [October 16, 2008, 7:29am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/9 "2008-10-16T07:29:25Z")
Congrats! You just made the ignore list. Idiot.
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### Author:  [@PureXTC](https://forums.speedlife.net/u/PureXTC)
#### Post date: [October 16, 2008, 7:46am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/10 "2008-10-16T07:46:44Z")
OMG
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### Author:  [@JDMSIR](https://forums.speedlife.net/u/JDMSIR)
#### Post date: [October 16, 2008, 7:49am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/11 "2008-10-16T07:49:24Z")
> [@newman](#):
>
> Do you actually ever talk about anything else?
He does sell a lot of Home stuff like plush chairs,T.V.'s and what not.
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### Author:  [@j\_espo1](https://forums.speedlife.net/u/j_espo1)
#### Post date: [October 16, 2008, 7:52am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/12 "2008-10-16T07:52:52Z")
> [@JayS](#):
>
> Housing, not gas, caused this mess.
>
> And by housing I mean horrible lending practices, horrible accounting practices, horrible investment plans based on mortgage backed securities and a whole bunch of greed and gluttony that went along with it.
i understand that, but im thinking that once gasoline prices skyrocketed here in the US, it didnt take long for everything else to crumble ( ex. housing). Im trying to see if there is any correlation.
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### Author:  [@OfficerK](https://forums.speedlife.net/u/OfficerK)
#### Post date: [October 16, 2008, 8:00am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/13 "2008-10-16T08:00:23Z")
I would say that its kind of neither. The big issue was credit/mortgages…I would say the oil was more a result of this, maybe leaning towards icing the cake…
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### Author:  [@BOBBYGRV](https://forums.speedlife.net/u/BOBBYGRV)
#### Post date: [October 16, 2008, 8:10am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/14 "2008-10-16T08:10:03Z")
well since gas prices are on a decline right now, they may have started it, but that doesnt really effect the bailout and the problems with the banks.
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### Author:  [@j\_espo1](https://forums.speedlife.net/u/j_espo1)
#### Post date: [October 16, 2008, 8:16am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/15 "2008-10-16T08:16:10Z")
> [@bobbyg1243](#):
>
> well since gas prices are on a decline right now, they may have started it
right, what I meant was that paying $4.25 a gallon may have pushed people over their budget limits and now that the gas prices are easing, people will have a little more money to spend to pay bills, mortgages etc.
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### Author:  [@BOBBYGRV](https://forums.speedlife.net/u/BOBBYGRV)
#### Post date: [October 16, 2008, 8:19am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/16 "2008-10-16T08:19:55Z")
well i agree with you on that, but i dont think it will lead to a complete collapse. things will get worse before they get better, but not all is lost yet.
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### Author:  [@newman](https://forums.speedlife.net/u/newman)
#### Post date: [October 16, 2008, 8:23am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/17 "2008-10-16T08:23:26Z")
> [@j\_espo1](#):
>
> right, what I meant was that paying $4.25 a gallon may have pushed people over their budget limits and now that the gas prices are easing, people will have a little more money to spend to pay bills, mortgages etc.
if gasoline going up 25% pushed people over their budget limits, then they sucked at finances to begin with. My fuel bill was decently high in september… 680 dollars. If it was still 3.25 a gallon, it would have still been 520. That’s not HUGE increase, and i imagine that my bill was higher than a lot of other peoples…
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### Author:  [@BOBBYGRV](https://forums.speedlife.net/u/BOBBYGRV)
#### Post date: [October 16, 2008, 8:28am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/18 "2008-10-16T08:28:32Z")
the only thing that killed me these past couple of months was the $1600 in fines i paid for tickets, but my bills are all up to date, credit cards a little higher and bank account a little lower.
i think now that heaters and furnaces will be turned on for the winter, it will be the true test on how the gas prices are affecting people.
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [October 16, 2008, 8:34am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/19 "2008-10-16T08:34:13Z")
> [@j\_espo1](#):
>
> i understand that, but im thinking that once gasoline prices skyrocketed here in the US, it didnt take long for everything else to crumble ( ex. housing). Im trying to see if there is any correlation.
correlation /= causation.
There probably is a correlation. High oil price usually means weak dollar and i could go on but this isn’t business statistics.
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### Author:  [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)
#### Post date: [October 16, 2008, 8:36am UTC](https://forums.speedlife.net/t/high-gas-prices-lead-to-economic-collapse-or-were-just-the-icing-on-the-cake/56539/20 "2008-10-16T08:36:13Z")
Oh hai guis wats up in hurr?
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