With gas prices there seems to be this magical barrier. $3.75 per gallon? No big deal. $4.00 per gallon? Double dip recession! End of the world!
In the summer of 2008, gas prices in the U.S. hit their highest point ever – a national average of $4.11 per gallon. Once gas passed $4 per gallon, many people started trading in their trucks and SUVs for more fuel efficient cars and many businesses started looking into redesigning their fleets.
Gas is once again nearing the magic freak out point. As of today, the national average for regular unleaded is $3.90.
Time to get a hybrid?
Top Posts of the Week
MMD @ MyMoneyDesign writes Would Dollar Cost Averaging Have Saved You From “The Lost Decade”? – The S&P 500 decreased by 23% during “The Lost Decade”. Would the strategy of dollar cost averaging have saved your investment portfolio from being reduced by this much? Let’s crunch the numbers and find out for ourselves.
Kyle @ The Penny Hoarder writes How to Get Paid $200 a Month Testing Websites – Website testers are paid $10 to record their opinions of a website’s appearance and ease of use. It’s a pretty easy job and there a number of firms currently hiring…
Jon the Saver @ Free Money Wisdom writes Buy Disability Insurance or Go Broke! – Disability insurance is a topic that most people don’t know much about. It can protect your income in times of crisis during your life!
A Blinkin @ Funancials writes Friends Don’t Let Friends Ignore Inflation – Lets say you have two friends. One of your friends keeps stealing money from the other. Wouldn’t you feel an obligation to warn your one friend about the other? Of course you would! It’s the same obligation I feel when I think about your money and inflation.
Corey @ 20s Finances writes My College Mistakes Everyone Should Avoid – My college experience was a blast and I learned a lot of financial lessons the hard way. I believe college students grow and mature faster as college students then most other times in their life. Students arrive on campus pumped up for all the good times to come, so oblivious to their responsibilities.
John @ Married (with Debt) writes Stress at Work? Take an Office Vacation – Experiencing stress at work? Find out how to reclaim part of your day and take a vacation in your office. It’s not hard.
Amanda L Grossman @ Frugal Confessions writes Keeping All Your Eggs in One Basket is Risky – My sister and I used to gather eggs from our henhouse for breakfast.
Kevin @ Thousandaire writes How To Turn Your House into Income – If you want to make some money off your house, consider renting out a room. That way you keep your place to live and make some money of it at the same time.
YFS @ Your Finances Simplified writes How Friends Can Ruin Your Finances – Have you ever had the kind of roommate that eats everything in the fridge even though he didn’t buy the groceries, or come up short on rent and ask you to cover for him?
Shaun @ Smart Family Finance writes Should Families Buy a House or Rent an Apartment: The Risks of Homeownership Compared to Renting – Understanding the risks of homeownership can also help you implement strategies to reduce those risks.
The Top Personal Finance Post of The Week
And my pick of the week is……
The post by Ken Faulkenberry @ AAAMP Blog – I Lost 100% of My Investment and I’m Happy I Did!
Ken learned three huge mistakes many investors make.
- I was greedy.
- I was lazy.
- I followed the crowd.
It cost him $1,000 to learn, but has likely saved him much more than that over the years.