Are Gas Price Increases Behind Us?
The question lingering on a lot of peoples minds these days, at least in the U.S. is, "are gas prices going to stabilize or will we see them go up some more?"
That's a tough one to answer but kiplinger.com published a story yesterday that might shed some light on it. The bottom line? The steep price increases are coming to a close, but expect more run-ups on prices each year around this same time period.
Don't let spring-time roll around next year to see rapidly rising gas prices catch you by surprise. So how do you plan for it?
Simple, start saving a little bit each month right now. For example, each month, I set aside some money to pay my gas card in full when the bill comes due. The amount I set aside though is usually more than I need to pay the bill I get.
The reason I do this is so that on the months we take a vacation (driving) or gas prices jump up, I'm not caught with a higher gas bill that I'm unable to pay. Because I've been setting aside a little more than I need, when the time comes, I can still pay the bill in full.
Moral of the story? Now that you know gas prices are going to increase again next spring, it's no longer going to be a surprise, so start putting a little money away each month in preparation...starting today!
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Read the entire Kiplinger article here:
http://www.kiplinger.com/businessresource/forecast/archive/gas_price_runups_070608.html
That's a tough one to answer but kiplinger.com published a story yesterday that might shed some light on it. The bottom line? The steep price increases are coming to a close, but expect more run-ups on prices each year around this same time period.
"Sharp jumps at the pump will be annual spring events for a number of years. The traditional pattern for motor fuels, in which spring brought fairly gradual price advances ahead of the peak summer driving season, is fast becoming a pleasant memory in relative terms."What does this mean for you? Planning!
Don't let spring-time roll around next year to see rapidly rising gas prices catch you by surprise. So how do you plan for it?
Simple, start saving a little bit each month right now. For example, each month, I set aside some money to pay my gas card in full when the bill comes due. The amount I set aside though is usually more than I need to pay the bill I get.
The reason I do this is so that on the months we take a vacation (driving) or gas prices jump up, I'm not caught with a higher gas bill that I'm unable to pay. Because I've been setting aside a little more than I need, when the time comes, I can still pay the bill in full.
Moral of the story? Now that you know gas prices are going to increase again next spring, it's no longer going to be a surprise, so start putting a little money away each month in preparation...starting today!
----------------------------------------
Read the entire Kiplinger article here:
http://www.kiplinger.com/businessresource/forecast/archive/gas_price_runups_070608.html
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