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gas prices and the lottery--a poll

Topic closed. 37 replies. Last post 11 years ago by justxploring.

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do you think gas prices affect whether or not people buy lottery tickets?

yes higher gas prices mean less spent on lottery [ 32 ]  [61.54%]
no higher gas prices doesn't mean less spent [ 16 ]  [30.77%]
not sure at this time [ 4 ]  [7.69%]
Total Valid Votes [ 52 ]  
Discarded Votes [ 4 ]  
konane's avatar - wallace
Atlanta, GA
United States
Member #1265
March 13, 2003
3333 Posts
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Posted: April 20, 2006, 2:57 pm - IP Logged

thanks konane.i was wondering the reason behind it.china being so big and having the worlds biggest population i can see where there could be tension between the united states and china further in the future.....

You would not believe their love for automobiles given their newfound wealth. Big Grin

Also they are the world's highest user of concrete for construction which has caused the price to go through the roof and availability to be virtually non-existent due to their long term contracts to purchase that raw material.

China's automobile explosion, construction explosion are altering previously semi-stable world markets of many things.  

Good luck to everyone!

    LOTTOMIKE's avatar - cash money.jpg
    Tennessee
    United States
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    October 15, 2004
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    Posted: April 20, 2006, 3:19 pm - IP Logged

    i need to keep up more with our standing in the world.i keep hearing we are no longer a superpower,we are going downhill,etc. are we still in a good position in the world or are we in a bad position as far as our importance?

      Avatar
      Morrison, IL
      United States
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      May 13, 2004
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      Posted: April 20, 2006, 3:25 pm - IP Logged

      If konane is correct about China driving up gas prices, then the law of averages is failing. That suggests the only reason gas prices were cheap in the United States for so long was because of dependence on foreign oil, which was cheap because the third world countries' weak demand was played off against the United States' and other supernations' high demand. Since China and other former "backward" countries are developing, that's increasing the world price of oil. Just imagine how expensive everything would be if every country in the world tried to consume like the United States!!

        LOTTOMIKE's avatar - cash money.jpg
        Tennessee
        United States
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        October 15, 2004
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        Posted: April 20, 2006, 3:27 pm - IP Logged

        it look like that is starting to happen now ryan.......

          konane's avatar - wallace
          Atlanta, GA
          United States
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          March 13, 2003
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          Posted: April 20, 2006, 4:00 pm - IP Logged

          i need to keep up more with our standing in the world.i keep hearing we are no longer a superpower,we are going downhill,etc. are we still in a good position in the world or are we in a bad position as far as our importance?

          Good position in my opinion because Americans have always been innovative, inventive and free thinking, our economy capitalistic.    Now if we can keep tax cuts permanent or even lower them further then that might be an incentive for entrepeneurs to go into business creating jobs. 

          And yes we remain a super power ... were we not we could not have gone into Iraq and toppled Saddam as fast as we did.  Setting up their government is what's taking time ... and the global war on terror will take time.  It took about 30 years for them to grow as strong as they were when we began so it will take some time to collaterally thin them out.

          People are finding out worldwide that the "hate America" mantra doesn't hold water except in the far left lamestream media which is greatly suffering at its own hands thanks to checks and balances provided by the internet.   

          Good luck to everyone!

            konane's avatar - wallace
            Atlanta, GA
            United States
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            March 13, 2003
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            Posted: April 20, 2006, 4:11 pm - IP Logged

            If konane is correct about China driving up gas prices, then the law of averages is failing. That suggests the only reason gas prices were cheap in the United States for so long was because of dependence on foreign oil, which was cheap because the third world countries' weak demand was played off against the United States' and other supernations' high demand. Since China and other former "backward" countries are developing, that's increasing the world price of oil. Just imagine how expensive everything would be if every country in the world tried to consume like the United States!!

            Actually my information is about a year or so old ...... and China only increases its consimption as time rolls forward.

            I understand we have plenty of oil off the west coast of Florida but Floridians are fighting tooth and nail to prevent drilling.  We also need to drill in ANWAR because there are enough ecological mandates on the books to assure proper environmental protocol.  I saw a picture of the area and it is nothing to look at as far as scenery so nothing would be ruined by drilling there.

            We also need to tell our on homegrown environmental groups to stuff it so more refineries can be built .... believe it's been over 10 years since one has been built because of the darling "greens" lawsuits preventing it.  More refineries, more gasoline and lower prices. 

            Without a robust economy you have no nation so we need to take a look at all the "chicken little" laws that have prevented us from going forward especially now that we have technology to get around any real environmental concerns. 

            Good luck to everyone!

              Coin Toss's avatar - shape barbed.jpg
              Zeta Reticuli Star System
              United States
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              January 17, 2006
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              Posted: April 20, 2006, 5:31 pm - IP Logged

              Does anyone remember the movie on FX, Oil Storm?

              More and more that movie is a little more prophetic. Maybe it wasn't just a made for TV movie. If I remember right, it came out before Katrina and things started with a hoerrendous storm damaging ofshore oil rigs in the Gulf Coast.

              As gas prices climbed higher and higher, China and Russia started competing for the oil that was available.  

                konane's avatar - wallace
                Atlanta, GA
                United States
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                March 13, 2003
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                Posted: April 20, 2006, 6:06 pm - IP Logged
                "As the source of around 40 percent of world oil demand growth over the past four years, Chinese oil demand already is a very significant factor in world oil markets, the U.S. Energy Information Administration concluded in an analysis of China issued last summer."

                Good luck to everyone!

                  Badger's avatar - adu50016 NorthAmericanBadger.jpg
                  Wisconsin
                  United States
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                  March 27, 2003
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                  Posted: April 20, 2006, 7:41 pm - IP Logged

                  If konane is correct about China driving up gas prices, then the law of averages is failing. That suggests the only reason gas prices were cheap in the United States for so long was because of dependence on foreign oil, which was cheap because the third world countries' weak demand was played off against the United States' and other supernations' high demand. Since China and other former "backward" countries are developing, that's increasing the world price of oil. Just imagine how expensive everything would be if every country in the world tried to consume like the United States!!

                  Actually my information is about a year or so old ...... and China only increases its consimption as time rolls forward.

                  I understand we have plenty of oil off the west coast of Florida but Floridians are fighting tooth and nail to prevent drilling.  We also need to drill in ANWAR because there are enough ecological mandates on the books to assure proper environmental protocol.  I saw a picture of the area and it is nothing to look at as far as scenery so nothing would be ruined by drilling there.

                  We also need to tell our on homegrown environmental groups to stuff it so more refineries can be built .... believe it's been over 10 years since one has been built because of the darling "greens" lawsuits preventing it.  More refineries, more gasoline and lower prices. 

                  Without a robust economy you have no nation so we need to take a look at all the "chicken little" laws that have prevented us from going forward especially now that we have technology to get around any real environmental concerns. 

                  I agree Konane. At the same time we're doing this we do need to put serious R&D into alternative sources for the future. THe one thing we know about crude is that, sooner or later, there will be none left. It is, as far as anyone can tell, a finite resource.

                  ============

                  How can you tell if a politician is lying?

                  Answer: His lips are moving.

                    masslottery's avatar - dragon eye.jpg

                    United States
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                    February 28, 2006
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                    Posted: April 20, 2006, 8:33 pm - IP Logged


                    I voted "no higher gas prices doesn't mean less spent." I think Badger's hunch is right -- that the lotteries may be in for increased business due to all of this, since people will be looking for some way to make up the cash, regardless of how irrational it may seem.

                    Gas prices have been trending upward for well over a year now, and many state lotteries are reporting record sales. Here are a few examples:


                    Georgia Lottery Raises Record Amount for Education

                    "Fiscal year 2006 third quarter sales also soared to a record amount of $885,148,031. The transfer and sales amounts are an all-time record for any quarter in Georgia Lottery history..."


                    Tenn. Lottery transfers nearly $80 million to education

                    "The Tennessee Lottery is giving the state $79.6 million for education today, a record for a single quarter since the lottery began more than two years ago, lottery officials announced..."


                    Wisconsin Lottery Posts Record Quarter

                    "The Wisconsin Lottery said it has had its best quarter ever. The lottery posted sales of just more than $142 million from January through March, the third quarter of the state's fiscal year. Previously, the fourth quarter of 1995 was the best when sales grew to nearly $140 million..."

                    i vote no but i do agree with this post hell im already spending about $60 a day 6 days a week ouch!!!!

                                                                                    Mad

                      justxploring's avatar - villiarna
                      Wandering Aimlessly
                      United States
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                      November 5, 2005
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                      Posted: April 20, 2006, 11:03 pm - IP Logged

                      thanks konane.i was wondering the reason behind it.china being so big and having the worlds biggest population i can see where there could be tension between the united states and china further in the future.....

                      Sad that most of the American Flags sold after the 9/11 tragedy were made in China.  I was watching a program on tv the other night that showed the average wage in China is around $100 a month (think it was a month) but they are thrilled at the opportunity we're giving them. Unfortunately, it's a vicious cycle. We like to spend money and enjoy a good bargain. Chinese labor is cheap, so Americans lose their jobs...so then we need to buy cheap things and...

                        emilyg's avatar - cat anm.gif

                        United States
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                        November 9, 2001
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                        Posted: April 20, 2006, 11:15 pm - IP Logged

                        In My case, having to put more money in the tank takes from my lottery spending. People on fixed incomes as well, where will the extra come from that is being put in the tank to play lottery tickets. If its not there its not there and when the money runs out before the end of the week? Conclusion.. No extra money for tickets and how does a person whom is retired find a way for extra money?

                        I can find ways for extra money because I am younger, however I noticed the fuel prices is driving Internet Business down as well.

                        i filled up today and decided to rob a bank first next time. (FBI - just kidding)

                        love to nibble those micey feet.

                         

                                                     

                          Avatar

                          United States
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                          Posted: April 20, 2006, 11:17 pm - IP Logged

                          There are so many players that are in or near big cities that either walk or take mass transit they are not directly affected by gas prices. There are people that love playing so much they would rather cut back on other things like food or clothing, or just to drive LESS, to make room for gas price increases. I saw no slow-down last Fall when the Mega Millions and then Powerball hit records right after Katrina and the $3+ gas. Personally I have cut back sharply on that AND extra road trips but made up for it by sharpening my algorithms enough that I still won just as often and as much. Note that both things are sold in the same place, so tickets get bought on impulse by people AT the gas station. And, when you feel poor (due to high prices) you want to play MORE because you know that a big win will instantly make gas prices a non-issue.

                          What does get affected: The Powerball has to be WAY up there before I will go to PA to play it. 


                            United States
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                            Posted: April 21, 2006, 1:29 pm - IP Logged

                            There are so many players that are in or near big cities that either walk or take mass transit they are not directly affected by gas prices. There are people that love playing so much they would rather cut back on other things like food or clothing, or just to drive LESS, to make room for gas price increases. I saw no slow-down last Fall when the Mega Millions and then Powerball hit records right after Katrina and the $3+ gas. Personally I have cut back sharply on that AND extra road trips but made up for it by sharpening my algorithms enough that I still won just as often and as much. Note that both things are sold in the same place, so tickets get bought on impulse by people AT the gas station. And, when you feel poor (due to high prices) you want to play MORE because you know that a big win will instantly make gas prices a non-issue.

                            What does get affected: The Powerball has to be WAY up there before I will go to PA to play it. 

                            I presume you're boycotting Unlucky for Life when you go to PA. I'd rather pay $5 for gas than play it.

                              aloname's avatar - yesnurse
                              New Member
                              new port richey
                              United States
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                              April 20, 2006
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                              Posted: April 21, 2006, 4:04 pm - IP Logged

                              If I had to drive to work everyday, then yes, but working from home, no.