Thursday, February 23, 2012

Five Tips for Finding the Lowest Gas Prices

The newest game we're all going to be playing soon: find the cheapest gas in your neighborhood!

Just as the economic recovery begins to accelerate, another roadblock has jumped in the way. In this case it's America's old familiar enemy: Rising prices at the gas pumps. The national average cost for regular unleaded gasoline is already 8% higher this year alone, now at $3.529 a gallon, according to AAA.  This is the highest price point ever seen this early in the year. Seasonally prices rise heading into the Summer driving season, but never has the average price of gasoline topped $3.50 this earlier in the New Year.  Furthermore, gasoline demand has dropped 10%; meaning Americans are driving less but the amount of money we're spending on gasoline is rising.

As individuals we can't do much about price hikes but Gregg Laskoski of GasBuddy.com says there are some things we can do to minimize the damage done to our personal finances every time to fill the tank. In the attached clip Laskoski discusses 5 ways to find cheap gas prices.

5 Tips to Find the Cheapest Gas Prices | Breakout - Yahoo! Finance

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Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.