Not all may have probably noticed it. Nevertheless, after the holiday season, the price of gasoline is steadily climbing by the cents.
“For six days in a row, drivers have been paying a few more cents a gallon than they did before Christmas. The change has been almost imperceptible for drivers who remember prices soaring above $4 a gallon last summer.Most of us have been using less of our cars to cushion the impact of fuel costs. I suggest that you continue doing that; because at the present rate of increases being affected that we seem to hardly notice and the ongoing war between Gaza and Israel, we are not still seeing the worst these recession is bringing. There is no reason to be complacent now. In fact, even during good times, our lifestyle should still reflect frugality.
But if the price of gasoline continues rising, it may become another headache for consumers worried about their jobs and the dropping value of their homes and investments.” (read full story here)
My 2 cents.
under
Finance Business News
4 comments:
Yeah, although I know gas is way down year to date. I hope that the next administration continues to focus on some cheaper alternative fuels so that we can stop caring so much about the "cradle of civilization" and start helping people here.
I agree. While the price of gas is cheap now it won't stay down too long. I think that it makes sense for the government to impose high gas taxes and increase incentives for alternative energies. This will ultimately help stabilize energy price and free us from our dependency on foreign oil!
The price of oil is set by the market, and there's no way for the government to bring it down substantially. Furthermore, most of the steps that really would bring it down, by encouraging conservation and thereby reducing demand in the market.
I think cuts on taxes and promoting other fuel alternatives would help. And you're right, conservation will definitely reduced that demand, and hence will influence the price.