Now that Gas is getting on up there approaching $5 a gallon, I think it’s time we all take some drastic measures to save money. Personally, I’ll be picking up a trunk midget any day now.
Are You Ready for $5 a Gallon Gas?
June 10, 2008 By 13 Comments
Well, you better get ready. Gas was near an all time inflation adjusted high back in April, but as of right now we’re already paying more than we’ve ever paid for a gallon of gas. According to the Wall Street Journal:
The skyrocketing price of oil, now up more than 44% so far this year, is battering the airline and auto industries and causing consumers to cut back on driving and nonessential spending.
That jolt is reinvigorating worries that crude prices could ratchet still higher, putting a severe squeeze on many economies around the world and deepening the growing tension between the world’s big oil exporters and consuming countries.
This chart illustrates the price of Gas in the US in both real dollars and inflation adjusted dollars. Either way we’re at the top of the scale right now.
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Falling Oil and Holiday Impact
October 22, 2006 By Leave a Comment
The October 23 issue of Business Week magazine had an interesting report about the impact of falling gas prices on the economy:
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Find the Cheapest Gas
August 11, 2006 By Leave a Comment
For those of you not aware, there is a series of local sites which encourage users to track the price of gas in their area. The sites are run by GasBuddy and include cities all over the US and Canada.
A small sampling of cities include Dallas, TX, Houston, TX, San Jose, CA, Baltimore, MD, Charlotte, NC, Rochester, NY and just about every major metro area.
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