Global conditions today could lead to tremendous shortages in fuel reserves causing a rapid increase in prices of comodities like gasoline to skyrocket to astronomical heights.
As economies start to show an upward surge, the demand for products that may be transported intra-nationally via truck may cause a global shortage on gasoline in the near future causing prices to get higher.
Want to know a way to save untill then?
It’s been an whole month almost, and April has been Bike to Work month. Those that broke out the Mongoose or the Huffy, Aired up the tires, Oiled the chains, strapped on their helmet and peddled their way to work this month, totally missed the huge spike in gas prices probably saving themselves an heavy sum pushing into May.
I myself have been unfortunate enough to enjoy the rain and cold that has plagued this area of the world so I did not participate in the event. Yet still after considering the cost it has been to maintain a steady fuel supply to perform the simple tasks this month, I might consider declaring a bike to work season or change my whole outlook on what I am willing to spend my fuel credits traveling to.(Weather permitting. Good thing spring has sprung)
When we take a look at the average cost of gas becoming higher than four dollars a gallon, our small economical ten to fifteen gallon tank size commuter vehicles are eating up a solid forty dollars to fill. A small fortune,I know! The quick math shows that roughly $100 a month will be spent by a few million hard workers knowing that this price will not stay for long. It will only get higher!
Consider what it will be if gas prices will actually rise higher say by one dollar and maintain that price point for a year.
At five dollars per gallon, with the average trip to and from work being 50 miles round trip.Your fuel saver, expending a total 7 gallons a week(just to get to and from work. This does not include chore driving like grocery shopping, picking the kids up from events,going to events, and emergency driving.) will expend a little over 28 gallons of petrol.
This equates to be about one hundred forty dollars a month! Spend this all year and you pay sixteen hundred eighty dollars! That’s quite a stack of money to spend on just fuel!
Well in our possibility above we consider that the economies are getting better and people are spending more money so if the price rises a bit it should be balanced because you are in turn making more to afford the spike.
Published in: Consumer Information