The Casone Exchange
  • May 27, 2008 02:59 PM EDT by Cheryl Casone

    Truck for Sale: Gets 21 MPG!

    I spent the long weekend in Texas. Texans love their trucks. Big trucks, with loud engines, that blare George Jones, and have plenty of room to store equipment for hunting, fishing, and ranching.

    (I also spent a big part of my childhood in Arizona, so please don't think I am making fun of Texas, I am not.)

    I was driving with my family, and started laughing at this guy's plan to sell his truck: TRUCK FOR SALE GETS 21 MPG!! The 21 and MPG were in huge letters, as if that was the entire selling point of his truck. This is instead of saying it it has xx amount of miles, or it is from 2000 and whatever. It was the gas mileage!

    When Americans start noticing how many miles per gallon their vehicle gets, we have a problem. I don't think gasoline prices are going down. In fact, I'm on my way to Neil's FNC show to say just that, we are not going to see lower prices now that Memorial Day has come and gone. Usually, we do, but not this year.

    Why? Crude, basically, and that horse is so far out of the gate and into the pasture, you can forget oil going back to 80 bucks.

    We keep seeing stories of people that are trying to combat high gas prices in different ways, by driving less, by taking their bike, and it looks like by selling their 21 mpg truck. What are you guys doing?

    It looks like Americans DID slow down their travel over the holiday weekend. We won't get official numbers until next week, but from what we're hearing and seeing in some initial readings, we drove less, we flew less, and we basically decided Memorial Day was the time for a "staycation."

    Are our numbers right? What did you guys do? Leave your posts, and I'll mention them on the air tomorrow.

    CC

small car driver

so they are saying gas should be dirt cheap, so we can drive the most inefficient cars on the planet? Thats just wrong. go ahead, buy more hummers...

May 30, 2008 at 4:31 pm

Gene

I know this was about "gas", but diesel & heating oil is a much bigger problem. Both are going to be needed in huge quantities very soon for the harvest season and for this winter. Auto gas is going to be the least of our worries. But to answer directly, I spent a lot time in my woodshop, and veggie garden. I'm retired on fixed income and don't drive much anyway, but the trickledown costs of oil affect me a lot.

May 30, 2008 at 3:29 pm

Mark

OPEC reps said recently that they simply aren't extracting more oil because the people that buy from them aren't asking for more. It seems plain and simple to me. Why would they pump more oil than they have storage to hold? Meeting demand isn't a shortage the last time I checked. Prices are still artifically high and they will certainly drop once investors find new avenues to make similar returns. Concerning gas prices and vacation, where are people going that makes a large % of their vacation expense gas prices? Even if you travel 1500 miles @ 15MPG @ $4.00/Gallon it is only $400. Seems a small % of the total vacation cost to me.

May 30, 2008 at 3:23 pm

JR

Drove 500 miles over the holiday. Had a Ford F350 pulling a 5th wheel trailer. I really hate paying the price for diesel, but as long as I can get fuel, I will travel like I always have. We drive about 40,000 miles a year and unless fuel hits $10 a gallon, I am going to drive until the well runs dry.

May 30, 2008 at 2:50 pm

Mike

Oil my friends is not the answer. Alternative Fuels is not the answer; alternative energy sources are the answer. Oil was cheap, America did not give a crap, oil is gone and we are not prepared. The same will be for water soon. States are already fighting over water; and, here in drought stricken Georgia there is a limited time frame when Atlanta will be without. And this is sooner than running out of oil. Gas was too cheap; this is reflective in the amount we use. America does not care until we don't have it. The way we do business must change to conserve. The Excecs that make 450 times the average worker should be changing the way business is run; but, they don't know how. Their answer is to reduce the quantity in the package and raise prices; they show a profit and get their bonus (well, the get a bonus even if they don't show a profit). Everything is taylored on passing the cost to the consumer. Hey, wake up, now the consumer does not have the funds!!!! Get the trucks off the road. At 5 to 6 mpg to haul goods in half empty trailers? Use more mass transit like trains. Absolutly quit making a vehicle that gets less than 30 mpg! We really don't need them. If everyone drove a compact then safty would not be an issue. I don't want to be run over by an Excursion; if they are not made then I would not worry. Reduce speed; I was passed this morning by a semi going at least 80 mph (I was doing 68 in a 70). And; Speed Limit is just that...LIMIT. No giving 8 to 10 mph. Americans must conserve; change; and not use. China will run out just like we will; if we are prepared with a new energy source America will stay on top. If not we will be a third world country and there will actually be people living in Excursion's and not driving them!

May 30, 2008 at 1:37 pm

Ron

I stayed home, cooked on the grill and enjoyed my family and the warmer weather. It appears to me that we tend to forget our past history when times were difficult. We cannot spend our way out of a slumping economy, nor can we save our way out. Building new refineries will take years before anyone can see benefits regardless of what we the people do concerning fuel. Therefore, based on our history, why not try something that had positive benefits in the past? Remember the "victory gardens"? It's spring time, and a perfect time to make a garden and fill it w/vegtables then instead of getting in the car for an evening meal out, spend time in the garden tending your next home grown meal. You not only save money on food but on fuel too.

May 30, 2008 at 1:01 pm

Fred

I've owned 20 different energy stocks over the past 4 years. To be honest, I don't even look at how much gasoline costs. I drive around 20,000 miles a year--about as much as I always have.

May 28, 2008 at 5:29 pm

Katie

From JoeW's list of solutions: 1. The president signs an emergency executive order, authorizing the construction of new refineries in or around unused military bases, closed factories or other unused large isolated tracts of land that is or could be controlled by the government and leased to a company producing refined products. With one exception, we haven’t built a new refinery in 30+ years. 2. The president authorizes exploration and drilling in all areas where there is U.S. control or areas covered by a treaty with other nations. And yes, this includes the Gulf of Mexico, Anwar, Alaska, Colorado or anywhere else we think there is oil. We are not drilling for new oil, but everyone else is drilling for oil that could belong to us. This includes Venezuala, Cuba, China and other nations not considered our friends. ********************************************************* I live in California. We've had debates going on about drilling off the coast for years. The "environmentalists" don't like the idea, or that of building new refineries. Then there is the matter of even drilling in our own country, such as the Alaskan National Wildlife Refuge (ANWR). Sean Hannity's mentioned this issue in one of his books ("Let Freedom Ring"). The "environmentalists" don't like that idea, either. Hasn't the drilling technology improved to the point where we could actually drill in our own country without harming the environment?

May 28, 2008 at 5:19 pm

Justin

Ms. Casone, To be honest, I really don't follow what's going on in Nashville including the award ceremonies. The whole industry has sold out. It's basically pick your poison between the celebration of white trash (Gretchen Wilson, Toby Keith, Trace Adkins), phoney cowboys (Tim McGraw, Clay Walker, Tracy Lawrence), or pop artists with a fiddle and steel guitar thrown in for good measure (Keith Urban, Faith Hill, Rascal Flatts). There are a few bright spots (Brad Paisley, Joe Nichols, and Josh Turner come to mind), but not enough of them for me to take an interest in anything related to Nashville.

May 28, 2008 at 2:18 pm

Jimmy Shelton

Worked, but even if I had been off I would have stayed at home. Until all Americans begin to use only necessary fuel, going to work;etc., then will the energy companies get the message. The power of the people can have an effect only if large numbers make a change. Once the oil storage facilities are full and they have no where to put current production, we can tell them where to kiss off. Even then we need to continue to travel by using the least fuel we can. The only counter measure is to drill in American and tell the tree-huggers to get lost with their Mother Earth damage concept.

May 28, 2008 at 1:35 pm

Jim Taylor

Oil is a finite resource. All of the easiest to extract oil has already been taken. A read of Matt Simmons "Twilight in the Desert" should be in order for all Americans. Nuclear power is the only available option that can give us the quantity of power we need today. All forms of energy have dangers involved, but nuclear is the cleanest. Electric cars that get their power from coal or gas power plants aren't solving any problems with pollution. Nuclear power can be used in the process of making hydrogen, and obviously it can be used to provide power for electric cars. The US, Canada, and Australia have huge U308 reserves. Using these we could tell many America hating countries to pack sand (which they have a lot of).

May 28, 2008 at 1:30 pm

JoeW

Cheryl, You got it right on so many points. I would also like to add that oil CAN come down in price if we, as a nation, could or would do the following: 1. The president signs an emergency executive order, authorizing the construction of new refineries in or around unused military bases, closed factories or other unused large isolated tracts of land that is or could be controlled by the government and leased to a company producing refined products. With one exception, we haven't built a new refinery in 30+ years. 2. The president authorizes exploration and drilling in all areas where there is U.S. control or areas covered by a treaty with other nations. And yes, this includes the Gulf of Mexico, Anwar, Alaska, Colorado or anywhere else we think there is oil. We are not drilling for new oil, but everyone else is drilling for oil that could belong to us. This includes Venezuala, Cuba, China and other nations not considered our friends. 3. The president orders the EPA to stop requiring 10-20 different blends of gasoline, depending on the area and the time of year. Two blends; one for attainment areas and one for non-attainment areas. If anyone doesn't know the difference between an EPA-designated attainment or non-attainment area, just go Google the terms. 4. Give people clear-cut tax CREDITS, not deductions, for buying hybrids or no-fuel vehicles. For example, right now, most Ford and Mercury dealers don't know there is up to a $3,000 tax credit for buying a Mercury Mariner or Ford Escape hybrid. Advertise the credits, don't hide them! 5. Stop trying to 'guilt' people into doing certain things; motivate them to do things. Right now, the mindset is to penalize people through taxes and fees for doing 'bad' things. Keep in mind that we have a) never run out of a single natural resource, and b) we have never conserved our way out of a shortage, real or perceived.

May 28, 2008 at 12:48 pm

Mike

Stayed at home. I saved a lot; but did nothing. I did not even crank up my truck over the holiday weekend. Usually it was going to the lake burning gas in the truck, boat, usually two or three vehicles; this year I did nothing. Basically we are not spending a dime JUST to try to have money for our family vacation this year; trying to have something nice for our children. However; there was a different story for my wife. She was on the road most of the weekend. First it was driving 30 miles one way to cook for the local Ronald McDonald house; the next day it was the same distance to hear her father sing at church; last, but not least, she shopped some to prepare for the vacation. She complained all weekend about using her "weekly" gas alotment. Does she stop volunteering, stop seeing her father; and oh' please help her STOP SHOPPING! (PS; she bought only essentials needed for our vacation).

May 28, 2008 at 11:50 am

Carley Cox

For the holiday my husband and I had friends over (none who had to drive more than 40 minutes) and we had a Bar-B-Q. The unfortunate thing for us is that I work 75 miles away from my home so that's a 150 miles round trip - EVERYDAY.. We are talking about filling up your tank ( ON THE GAS SAVING HONDA CIVIC I DRIVE) about every 2 days. To help out, my husband is now riding in with me 3 days a week for his school to eliminate him driving his truck in. I also car pool now with a woman from work. I still drive 45 minutes everyday to meet her but it saves me about 160 miles each week. I know some say .. "why the heck don't you move jobs" The problem is I would take a serious paycut (one that would not even be accounted for in gas) if I worked closer to home. ***I don't know what THE answer is to gas prices but I would love to get some straight answers and see something real happen!! For crying out loud...drill in alaska!

May 28, 2008 at 11:20 am

Cheryl Casone

Justin, thank you for catching that! I did mean to say George Strait. I had the "Luckenbach, Texas" song in my head when I was writing this post yesterday. There is a line about George Jones. Didn't he perform at the CMA's? He still has it doesn't he?

May 28, 2008 at 10:58 am

David

My family and I stayed home and enjoyed the pool. Normally I would probably have gone to the beach but with gas prices so high we are trying to conserve where we can. Combining trips and eliminating unneccessary trips as much as possible and next year, instead of buying myself a new Mustang, I will probably buy a more fuel efficient car for my daily 40 mile commute.

May 28, 2008 at 10:52 am

Anthony

I already live near a popular Memorial Day/summer tourist destination (Destin, FL), so thankfully I didn't have to drive too far. Despite the soaring gas prices, there were still plenty of folks cruising around Destin; however, it was likely a little less busy than it otherwise would have been (not too much; maybe around 5-10% less). For example, McGuire's was expecting Sunday night to be their busiest night of the weekend upstairs (where they had a local rock band playing and the best bartenders in town to take care of everyone); however, it turned out to be less busy than the previous day and noticeably fewer people than last year. It was still good, but it could have been better.

May 27, 2008 at 7:47 pm

Justin

Wait a minute. George Jones, or George Strait? Okay, us Texans like'um both, but there is only one King George in Texas and he hit it big in the early 80's on San Antone radio with a tune called Unwound. Now as far as gas prices goes, you are dead on. Until we start utilizing the trillions (with a t, not a b) of barrells we have under our own soil, prices aren't going to go down. This whole peak oil/global warming alarmism is a complete fabrication by the leftists to destroy American prosperity and capitalism as we know it. I hate to come off sounding like a kooky conspiracy theorist, but there is a powerful interest that wants to enslave Americans to the state, and the poor are the ones who will suffer the most under this totalitarian system of one world government. As far as what I did this Memorial day, I did in fact stay home. We had a few relatives over (most of whom lived within an hours drive) and we had a BBQ. My driving habits really haven't changed that much, but I may look into getting a motorcycle when gas hits $5 per gallon. The only thing that concerns me about being on two wheels is other drivers oblivious to my presense on the highway. My parents may not approve either, but there isn't much they can do with me paying my way through school (which used to upset me, but then I realized how gross my sense of entitlement was), working full time, and rolling as much money as possible into my Roth IRA. Life is tough with the rising costs of energy, I'm going to kick it in the rear despite the circumstances. And I don't need a credit card, student loans, government welfare checks, FAFSA, or any other form of government aid to help me along. I only wish them to stop devaluing the dollar, making me pay into a ponzi scheme (FICA taxes), and start serving the interests of real Americans.

May 27, 2008 at 5:23 pm

Jonathan

I actually drove a lot for a day off. My spouse and I visid to my parents house, forty minutes away. I didn't dare fill up my tank, but instead put about twenty five in, which got me half a tank in my Element. I did notice, however, that the roads and highways were really empty for a holiday weekend...

May 27, 2008 at 4:42 pm

Eddy

I drove from Kansas to Connecticut and the traffic levels were not only lower in many parts where we expected heavy traffic there was no traffic at all. As an example. Coming accross the Ohio Turnpike with three lanes in each direction you could have diverted all of the traffic onto a 2 lane un-divied highway and still found places to pass.

May 27, 2008 at 4:06 pm

John

Instead of staycation, I worked extra and made money.

May 27, 2008 at 3:02 pm

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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