Going Up? Were not Talkin' Elevators.
With the price for June crude up to $72.50, and the dollar free falling like a safe pushed out a top floor window, getting your money to strech even farther every day is a challenge. As tensions with that wack job Ahmadinejad (lil' Hitler) that calls himself the president of Iran increase, refinery fires break out now and again and Nigeria develops into more of a mess every day, I don't see things improving on the fuel price front any time soon. I know you're thinking that gas prices are quite high enough, thank you, but the summer driving season traditionally brings with it the highest fuel prices of the year, so I suspect we ain't seen nothin' yet.
I know you'll be tempted to put your $80 a tank fill ups on your credit card, but please don't. If you think gas prices are high now, wait until you're also paying a 15% finance charge on top of the $3.19/ gal. Time to switch to a Prius? Maybe so. I know where you can get a Yukon XL, cheap! Which brings up another point. Beleagured U.S. automakers, traditionally making the lion's share of their profits on SUVs and pickups, stand to be hurt more than foriegn auto producers by the climbing gas prices. Ford and GM announced layoffs prior to gas jumping higher than Jesse Williams on 10 cups of Starbucks finest. If you work for one of them, look out. Start looking for new income streams, being frugal and maybe shopping around for a new line of work.
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