The Interpreter Posted May 8, 2008 Author Share Posted May 8, 2008 And yet, Mr. Kinzel (and Messrs Shapiro and Snyder) seems to think that high gas prices will benefit his industry, as people will visit their local parks instead of going to Florida/California. I really think Mr. Kinzel and his cohorts at that place that numbers its flags are whistling in the dark. When incomes are strained due to the high percentage of them being spent on energy, leisure activities may well be one of the first things to go. When it's buy food, gas, drugs and utilities OR go to the park, I doubt the park is going to win. Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted May 8, 2008 Share Posted May 8, 2008 And to think at the beginning of the year, prices for the cheap stuff of gas were under $3! I can understand CF claiming to pass their higher food prices onto the guests. But when families are already strapped for cash between higher food and fuel prices at home, they are not going to spend what discretionary income they have left on food items that are marked up a good 20-30% over normal retail prices outside of the park. Especially for food that sometimes is less then perfect for the price! Quote Link to comment Share on other sites More sharing options...
Guest kwindshawne Posted May 8, 2008 Share Posted May 8, 2008 At this very moment, I am figuring out how I am going to make it. You know what? Not so sure it's possible. If an optimist like me can't figure it out, who will? KI is my local park and it is 30 odd miles? Sorry, a time may come very soon that I have to find something closer to home, if thats possible. Dayton is a ghost town. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 8, 2008 Author Share Posted May 8, 2008 This thread started less than three months ago, when I said: First ever close above $100. This is apt to have a major effect on gasoline prices, and also is likely to impact the regional theme parks in a bigtime way. . . And just since then, oil has gone up nearly twenty five percent....I see NO way this is not going to drastically and negatively affect the park business...and I can't see how Mr. Kinzel can not only not believe this, but continue to assert it is going to somehow help seasonal parks....it will be interesting to hear Mr. Shapiro's take on this tomorrow. Quote Link to comment Share on other sites More sharing options...
RollerNut Posted May 8, 2008 Share Posted May 8, 2008 I say that the government needs to put a 10 cents cap on how much the gas stations, and their american suppliers can mark-up their prices. Forget suspending the gas tax, the gas stations and suppliers will just increase their profits because they think we can't tell the difference. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 8, 2008 Author Share Posted May 8, 2008 That won't work...if that were to happen, oil companies will just choose to sell their product in China, Asia, Canada, Mexico, South America and Europe, and oil/gasoline won't be available at any price in the USA. Some of us lived through gas shortages caused by similar limitations during the seventies. No, thanks. Quote Link to comment Share on other sites More sharing options...
RollerNut Posted May 8, 2008 Share Posted May 8, 2008 I thought it was OPEC that having a trade embargo with the USA that caused the 1970s oil crisis. Quote Link to comment Share on other sites More sharing options...
KIfan73 Posted May 8, 2008 Share Posted May 8, 2008 Does Kinzel have any other choice than to be optimistic? Of course Kinzel and co. are going to spin it any way possible that the prices they're charging is justified. Is anybody here going to go to work tomorrow and tell your boss that you really aren't worth what you're being paid? Especially if you're in debt up to your eyeballs? Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 8, 2008 Author Share Posted May 8, 2008 Well, if he is overly optimistic, he leaves himself open to a unitholders' lawsuit for not disclosing material risks....so he does have a fiduciary duty to be realistic, not optimistic... Quote Link to comment Share on other sites More sharing options...
KIfan73 Posted May 8, 2008 Share Posted May 8, 2008 He sounded pretty optimistic in the AP interview. Quote Link to comment Share on other sites More sharing options...
DegenRider Posted May 8, 2008 Share Posted May 8, 2008 Heres the thing he can be as optomistic as he wants but I know i am cutting my trips back to maybe 5. Gas is wayy to high to make the drive from columbus. Quote Link to comment Share on other sites More sharing options...
art_star Posted May 8, 2008 Share Posted May 8, 2008 We usually go to Kings Island maybe 5 times a year. Last year, we did this and our first trip to Cedar Point. This year, we are going to KI once for Halloween Haunt. Sorry Mr. Kinzel, but I am probably going to be kicked out of my apartment by the end of the month so going to KI instead of Disney World isn't the main thing on my mind. I don't know how others feel, and I don't know a whole lot about economics, but I am really feeling seriously concerned about the future financial security of America. All I keep hearing about the dropping value of the dollar, gas prices, recessions. Should I be this worried? Quote Link to comment Share on other sites More sharing options...
DegenRider Posted May 8, 2008 Share Posted May 8, 2008 Last year it was about once every other week. Of course im a 100 miles further away. Quote Link to comment Share on other sites More sharing options...
Guest kwindshawne Posted May 8, 2008 Share Posted May 8, 2008 We usually go to Kings Island maybe 5 times a year. Last year, we did this and our first trip to Cedar Point. This year, we are going to KI once for Halloween Haunt. Sorry Mr. Kinzel, but I am probably going to be kicked out of my apartment by the end of the month so going to KI instead of Disney World isn't the main thing on my mind. I don't know how others feel, and I don't know a whole lot about economics, but I am really feeling seriously concerned about the future financial security of America. All I keep hearing about the dropping value of the dollar, gas prices, recessions. Should I be this worried? I know I am. I am pretty close to just throwing in the towel and walking away. I worry to the point I can't sleep without medication. Quote Link to comment Share on other sites More sharing options...
Guest kwindshawne Posted May 13, 2008 Share Posted May 13, 2008 On my way to book a flight, the first gas station I passed had gas for $3.95. After I picked my jaw off the floor, I decided to wait until I returned home to get gas. After driving a bit, I managed to find a station that still had it for $3.79. I thought I would never see the day it would cost almost 50 bucks to fill up my accord, which if I'm lucky, will last me about 7 days. The lines were back to the road and I had to wait 15 minutes and change lanes on top of it-and then this idiot was standing there outside his truck smoking!! Good thing I wasn't at work today, or buying gas tonight would have bankrupted me. Geesh!!! Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 13, 2008 Author Share Posted May 13, 2008 And meanwhile, just moments ago, crude hit yet another all time high, which means gasoline prices are still headed up....Mr. Kinzel keeps saying high gasoline prices will benefit Cedar Fair, as people will visit their local parks as opposed to that one special trip to a destination park. I fear we are about to find out if his words are merely spin or truly prescient. Quote Link to comment Share on other sites More sharing options...
Guest kwindshawne Posted May 13, 2008 Share Posted May 13, 2008 And meanwhile, just moments ago, crude hit yet another all time high, which means gasoline prices are still headed up....Mr. Kinzel keeps saying high gasoline prices will benefit Cedar Fair, as people will visit their local parks as opposed to that one special trip to a destination park. I fear we are about to find out if his words are merely spin or truly prescient. I don't understand his economics-even driving to work is a challenge for me. Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted May 13, 2008 Share Posted May 13, 2008 And meanwhile, just moments ago, crude hit yet another all time high, which means gasoline prices are still headed up....Mr. Kinzel keeps saying high gasoline prices will benefit Cedar Fair, as people will visit their local parks as opposed to that one special trip to a destination park. I fear we are about to find out if his words are merely spin or truly prescient. I don't understand his economics-even driving to work is a challenge for me. That's why they've only increased food proces by 5 cents or so. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 13, 2008 Author Share Posted May 13, 2008 Mr. Kinzel didn't say five cents or so...he said a nickel or so...get it right! He also spoke at some length, as he usually does, about season's pass sales (his term). Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 13, 2008 Author Share Posted May 13, 2008 Gasoline prices may not spike on Memorial Day, as usual, but may continue upwards thereafter: http://money.cnn.com/2008/05/13/markets/oi...sion=2008051313 Quote Link to comment Share on other sites More sharing options...
Guest kwindshawne Posted May 13, 2008 Share Posted May 13, 2008 It was kinda nerve racking to me, to see the lines again like we had in the 70's, however, I am nervous about what happens as the price creeps up. I am concerned about safety when pumping gas-thefts are already on the rise and as things worsen, I believe the risk of crime will be higher as well. Even back in 2000 when I lived in California, while standing in line to prepay for my gas, a lady busted in and said her car had been stolen-the thief crashed it across the street, which was a school. Luckily no injuries. Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted May 13, 2008 Share Posted May 13, 2008 Well, folk better invest in gas cap locks. Quote Link to comment Share on other sites More sharing options...
Guest kwindshawne Posted May 13, 2008 Share Posted May 13, 2008 One thing I am glad for my honda, is that is a standard option. I have a friend who had her tank emptied 2 years ago-she drives an explorer and had just filled up. I know from being locked out of my car three times, that it is pretty hard to break into-every mistake costs me 100 bucks-and this is with the alarm removed!! The last time was at waffle house on fields ertel and the car just shut itself down. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 20, 2008 Author Share Posted May 20, 2008 And today, oil settled at a record of $129.07 a barrel, $2 above Monday's closing price. This means even higher gasoline prices are, pardon me, in the pipeline... http://www.money.cnn.com Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 21, 2008 Author Share Posted May 21, 2008 Just moments ago, oil crossed the $130 barrel barrier for the first time ever. Almost a thirty percent increase since this thread began, when oil had crossed the $100 barrel barrier for the first time. How long ago was that? Just three months and two days.... Quote Link to comment Share on other sites More sharing options...
Guest kwindshawne Posted May 21, 2008 Share Posted May 21, 2008 I filled up yesterday anticipating $4 gallon by evening. Even though it hasn't happened as of right now, who knows? Sometime this week, it's probably gonna happen. My little honda cost $46 to fill up-unbelievable. Just 3 years ago I could fill it for approx. $16. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 21, 2008 Author Share Posted May 21, 2008 http://money.cnn.com/2008/05/21/markets/oi...sion=2008052106 Quote Link to comment Share on other sites More sharing options...
MarketingExpress Posted May 21, 2008 Share Posted May 21, 2008 I filled up yesterday anticipating $4 gallon by evening. Even though it hasn't happened as of right now, who knows? Sometime this week, it's probably gonna happen. My little honda cost $46 to fill up-unbelievable. Just 3 years ago I could fill it for approx. $16. I would think mid-day Thursday would be when we can see the spike for Memorial Day. I was a little confused becasue the BP down the street from my work is selling gas for 3.69 a gallon and everywhere else is still in the 3.80's Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 22, 2008 Author Share Posted May 22, 2008 Well, today oil went up even more, and is approximately double the price of a year ago. Gasoline locally hit $3.999, with some stations posting $4.009. I really suspect Messrs. Kinzel's and Shapiro's theory of high gasoline prices helping regional parks is really going to be tested this summer. Quote Link to comment Share on other sites More sharing options...
hausty1983 Posted May 22, 2008 Share Posted May 22, 2008 I agree because now oil is $134 now that is crazy its just going up every week more a few dollars at a time is $200 a barrell going to happen at all??? I saw in Alaska its $8.65 a gallon! Quote Link to comment Share on other sites More sharing options...
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