It's an interesting turn of events for us Hummer owners, up until the leadership of our country changed hands our beloved Hummer were going up in value and really becoming collectors. Now that seems likes its all out the window.
I have noticed a major decline in the value of our vehicle and gas prices are through the roof. Especially if you own an 08 or later that is suppose to have premium fuel.
I have a few friends of mine that are wanting to bail thinking things are only going to get worse, I keep telling them to stay the course. Personally, if it gets to costly to drive I will park my 08 and drive my other vehicle.

Yes I know not all have the luxury of being able to do this and I understand the needs to do whats in their best interest. And even though i am lucky enough to afford one of the new electric POS's that will never happen. Not real Hummers and never will be!

I guess I will be a die hard H2 owner to the end, I've had 3. like my wife said, with your attitude I will just bury you in it. lol

Comments, thoughts, and your plans as a Hummer owner in today's upside down world.

 

Fuel prices are going higher! Buying a newer model comparable would cost more in fuel(premium required) to add a few mpg's, +the purchase cost. I'm $aving regardless of the cost per gallon!

 

Price of fuel has about zero to do with leadership of the country, and every thing to do with oil investors and producers. The Russian war monger's present actions have more to do with it than our leadership. Same with emerging from the pandemic... production was cut way back because demand dropped through the floor, you can't throw a switch and replace that lost production when demand spikes as it did this year. Gas prices go up, and they go down depending upon how greedy investors in the commodities market get, and what oil producers did based upon market demand. I paid more for gas in July 2008 than I did yesterday. Was that George Bush's fault?

Used cars of all kinds are still priced much higher than 18-20 months ago and a significant factor contributing to inflation.= (ie. price comparison made year over year).

Yes morons will panic and sell a full sized SUV to buy a more fuel efficient vehicle, but in reality the net saving on all that, as hummerz pointed out, is nill.

 

Forgot to add, I plan on keeping my 09 H3 Alpha Off Road for a long time.

As of yesterday it moved into the garage at home for more performance mods over this crappy weather weekend.

 

GAS PRICES RECORD HIGHS, & going HIGHER!
2008 was not GWB's fault! However Gas prices have been increasing since BRANDON took office, NOW RECORD HIGH!



The spike in oil prices in July 2008 came at the tail end of a decade-long energy crisis. Surging demand from developing economies, stagnant production, financial speculation, and tension in the Middle East caused oil and gas prices to steadily climb over the 2000s.
The stock market and housing crash of 2008 had its origins in the unprecedented growth of the subprime mortgage market beginning in 1999. U.S. government-sponsored mortgage lenders Fannie Mae and Freddie Mac made home loans accessible to borrowers who had low credit scores and a higher risk of defaulting on loans.

 

 

Yup so much for the energy independence we achieved in 2019, Brandon fixed that on his first day on the job and screwed up a whole bunch of other stuff. Lets just hope things get better before they get too much worse... For now, the H2 is parked and getting some well deserved TLC.

 

Energy independence? Dude, check your info sources........... BTW, T Rump was the butt joke of the world, but he fooled plenty of voters who still think the guy had a brain.

Oil production has actually increased, from about 11 million barrels per day to 11.5 million barrels through 2021. Domestic oil companies pumped more crude during the first year of his presidency than in the first year of the Rump. The number of oil rigs operating in the United States is growing.

It is true that domestic oil produced 12.8 million barrels Feb 2020......... but then there was, you know that inconvenient Pandemic thing..... that killed nearly 1,000,000 Americans so far. That curtailed demand, hence oil prices. With price low, demand way off, oil producers slowed production, lost employees, shuttered rigs. It is that action that has still not been recovered from. Oil production. Gonna take months to crank that back up.

Last I checked the federal government is not in the oil production business. So it is not under the control of the feds, but the oil industry instead.

Now demand is HIGH.... Why, because the economy is exploding, boom town, people are spending $$ at a hideous pace, demand has outstripped supply. Micro economics, freshman college level 101 stuff here people. Demand goes up with supply low, prices go up until demand reaches supply. The current administration held the single largest ever sale of oil and gas drilling leases from the Gulf of Mexico back in November, locking in a future prospect of more than 1 billion new barrels of oil from the Gulf region alone. There are nearly 9000 idle US oil leases right now. If the Oil industry gets off its price hiking butt to start production on those today, gonna be 1, 2 and 3 years from now before that hits the US market. Nobody is stopping the oil industry from doing chit, except the oil industry.

Then comes the Russian War Monger to freak out market investors and make oil futures prices jump even further.

Don't even bother with the "Keystone" thing, because even if that was never interrupted, it too was not going to deliver (notice that has nothing to do with oil production) oil to market until 2023.

 

Doc, I respect your point of view, but for me, lets just agree to disagree on the energy independence issue. Depending what self proclaimed expert or web site you look at you will get many different answers or "so called" facts.
All I can say for sure is I know how things were and how they are now, Gas is not the only issue, enough said, we dont need this to be political, it really serves no purpose other then to cause bad feelings.

So back onto the original topic, Where to we go from here with our beloved Hummers, here's a couple of thoughts,
1. Park them and use a backup vehicle and hope things turn around?
2. Enjoy them in a limited capacity?
3. Do those projects or maintenance items we have been putting off.
4. Convert them to diesel or electric (lol)
5. Sell or trade them while they are still worth some money?
6. Don't give a crap about fuel costs and stay the course and drive until the wheels fall off, bolt them back on and do it again!
7. Enter the Baja 500 and go out in a blaze of glory, haha
8. Wait for the next cash for clunkers offering...

Cheers,

 

the big guy said it was all putins fault. Trump 2024...if theres anything left