[Leanan]

Drivers Turn to Pawn Shops for Gas Money
$this->bbcode_second_pass_quote('', 'A')nd as prices edge $3 in Madison, others are digging deeper in their wallets -- or attics -- for gas money. At Rick's Olde Gold on Williamson Street, the owner's seen a recent increase in people selling things for long trips.

"Just a few weeks ago a guy was going to Milwaukee, and he had a little piece of scrap gold that looked like it was a broken gold pendant. It was worth about $15 in gold so I offered him about $12, and he said that's not enough gas I'm going to Milwaukee," said owner Rick Paoli.

Paoli said people have been selling things for gas at his shop for a long time. "People sell a lot of gold bands, little gold coins, silver rings. People always think they can sell a silver ring and get gas money, but the little silver rings you pay $25-30 for are worth 50 cents or a dollar worth of silver maybe," said Paoli.

Other pawns shops in he area are also seeing the trend. Shops WISC-TV contacted from Madison to Janesville said the need for gas is driving many more sellers in, to take more money with them to the pump.

[dbarberic]

The news is coming in so quick I can barely keep up with it.

This is from CNNfn. My jaw dropped when I watched it.

Video Link:
http://tinyurl.com/lfsp9

[Wildwell]

That will teach people to buy big inefficient GM and Ford cars and get rid of mass transit! You just wait until the phyiscal shortages...

[deadmaker7]

LoL!!!

Just wait until people sell their homes to pay for gas!

[eric_b]

Yeah, I mentioned this in this thread:

http://www.peakoil.com/fortopic19277.html

I live in Madison, WI. What I found amusing is how quickly people are
willing to pawn things like gold to get gas. As I've been saying all along,
I don't think gold will be that valuable in a hard crash.

The way things are going we'll probably have people in the US willing
to kill each other over a cup of gas post PO.

[grabby]

I am putting a Denon DRM-710 professional single casette player and a Denon HX-Pro Dual Professional with AUTOMATIC BIAX and DOLBY A,B,C on local listing and then to a pawn shop this week, need a bit of cash, my car is empty. I didn't NEED to but since they are just sitting there and I am not going to make any more tapes I am selling, also 44 old Record albums with record player, and an oscilloscope I don't use much.

Yes, it is peak oil related, and we can go on a vacation with the cash.

This is obviously a true story, I just started thinking of cleaning out the extra things.

[Wildwell]

$this->bbcode_second_pass_quote('deadmaker7', 'L')oL!!!

Just wait until people sell their homes to pay for gas!

[killJOY]

I was pulling my hair out in gobs:

"We need to drill in Alaska to be more self-sufficient." (The "burn everything" solution.)

"74% blame the White House for high gas prices." (Government sets gasoline prices, naturally. )

"The Democrats need to use this as a political football." (Just wear your cravenness right out on your sleeve.)

[Zardoz]

$this->bbcode_second_pass_quote('deadmaker7', 'L')oL!!!

[hippiegunlover]

This morning my local news (channel 3 in Charleston, WV, don't know the call letters) had an interview with a pawn shop owner telling of people who were pawning items to help pay for gas. The saddest thing was that several people had pawned wedding bands, blaming gas prices. Where do you go from there? Strip the copper pipes from your house?

[uNkNowN ElEmEnt]

Update 12: Crude Oil Prices Rise Above $73 a Barrel
By GILLIAN WONG , 04.21.2006, 12:16 AM


Oil prices opened at a new record above $73 a barrel Friday amid concern about Iran's nuclear ambitions and declining U.S. gasoline stocks.

Light, sweet crude for June delivery, which became the front-month contract Friday, opened in Asian electronic trading at a high of US$73.50 a barrel - setting a new intraday record for a front-month contract on the New York Mercantile Exchange.

Snip-->
"And traders are not relenting on their worries of Iran," Gorey said, adding the Iranian threat was responsible for adding at least US$15 per barrel to the oil price.

On Thursday, Hugo Chavez, president of Venezuela, one of the world's top oil producers, said oil prices would reach US$100 a barrel should concern over Iran's nuclear weapons capability lead the United States to invade that Middle Eastern nation. <--snip

The price of full service high octane gas reaches $4.049 dollars per gallon Thursday, April 20, 2006, at a gas station in Beverly Hills, Calif.

I have a picture of the gas pump but am looking for a url so I can post it.

[mjdlight]

Hmm, Zardoz, very true -- the lower classes will undoubtedly bare the brunt of peak oil, at least initially.

But the rich shouldn't feel so secure, either. America is a violent nation, swimming up to its gills in guns. History suggests that when the SHTF, the unwashed masses aren't just going to passively sit back and let all that good ammo go to waste.

[Dreamtwister]

It would be funny if it weren't so dangerous.

Sooner or later, people are going to run out of things to hawk for gas money. When that happens, there'll be blood.

[uNkNowN ElEmEnt]

Hmmmm. my posts seem to be disappearing this morning.

Anyway,

Update 12: Crude Oil Prices Rise Above $73 a Barrel
By GILLIAN WONG , 04.21.2006, 12:16 AM


Oil prices opened at a new record above $73 a barrel Friday amid concern about Iran's nuclear ambitions and declining U.S. gasoline stocks.

Light, sweet crude for June delivery, which became the front-month contract Friday, opened in Asian electronic trading at a high of US$73.50 a barrel - setting a new intraday record for a front-month contract on the New York Mercantile Exchange.

Snip-->
"And traders are not relenting on their worries of Iran," Gorey said, adding the Iranian threat was responsible for adding at least US$15 per barrel to the oil price.

On Thursday, Hugo Chavez, president of Venezuela, one of the world's top oil producers, said oil prices would reach US$100 a barrel should concern over Iran's nuclear weapons capability lead the United States to invade that Middle Eastern nation. <--snip

-> The price of full service high octane gas reaches $4.049 dollars per gallon Thursday, April 20, 2006, at a gas station in Beverly Hills, Calif. <- I got sent a picture of this and will post it if I can find a url for it.

[Leanan]

CNN is running a story about people in Texas pawning their belongings to buy gas.

Once they run out of things to pawn...steal some manhole covers, maybe?

China reports that in 2004, 240,000 manhole covers were stolen in Beijing alone. Eight people died falling through the streets. The spike in metals prices has greatly increased the scrap value of manhole covers.

And it's not just in China. In Germany, someone dug up three miles of railroad track. Luggage carts, beer kegs, and all kinds of other metal is being stolen and sold for scrap.

[erb]

$this->bbcode_second_pass_quote('mjdlight', 'H')mm, Zardoz, very true -- the lower classes will undoubtedly bare the brunt of peak oil, at least initially.

But the rich shouldn't feel so secure, either. America is a violent nation, swimming up to its gills in guns. History suggests that when the SHTF, the unwashed masses aren't just going to passively sit back and let all that good ammo go to waste.

[Dreamtwister]

$this->bbcode_second_pass_quote('erb', 't')he only thing wrong with this statment is that the rich will not sit around waiting for the STHTF they'll take their private jets to the EU or some island they bought and laugh while the masses fight each other.

[bruin]

This is all too amazing. I never considered people selling off their excess (purchased with high rate credit cards) to buy gas.

In any case, this will be a short lived deal - selling junk around your house for gas.

What this says in volumes however, is the belief that this is temporary. If we can just just get through a couple months here, gas will be cheap again. So sell the junk and everything will be okay.

If the masses believed that the prices were never coming back down, they wouldn't be selling their junk for a one time cash out.

[OneLoneClone]

$this->bbcode_second_pass_quote('', 'C')NN is running a story about people in Texas pawning their belongings to buy gas.

Once they run out of things to pawn...steal some manhole covers, maybe?

[Leanan]

$this->bbcode_second_pass_quote('', 'O')n a similar note, Leanan, Financial Times reported last week that american pennies were now worth slightly more as scrap than at face value.