Gas Pains: Current Gas Prices and the Economy

Gas Pains: Current Gas Prices and the Economy

How are Current Gas Prices affecting the economy and our lifestyles. Actually the expensive fuel is really changing people’s lives. People are working 4 days per week instead of 5 days, and just working longer hours per day. For younger couples with families and a lot of kids, the extra cost of groceries is really hurting the wallet. There are people that just don’t do what they use to do based on the prices. Natual gas to heat a home is more expensive then ever, so some will be more conservative when it comes to that. Some are selling their SUV’s or not buying them at all and buying cheap cars that get great gas mileage. Some are buying hybrids.

You’ll find some individuals simply working 8-10 more hours every week just to pay for the gas. Some will start 2nd business to try to make up for the costs. Do some have to live with out some medical procedures due to the cost of gas? Young people who make very little per hour can’t afford to go to their jobs. Others will just ride a bicycle to and from places and work. Small time truck drivers may go out of business. Some ride motorcycles instead of cars. Some get new jobs or move closer to work. For some the economy and gas prices has hurt relationships due to the ever increasing pressure of lack of money. Older retired people have had to put off retiring for longer or just aren’t able to drive and travel as much as they wanted to. Co-workers will carpool to work with others. Many choose to drive on cruise control at only 55 miles per hour instead of 70 mph. People won’t take vacations as much as they usually will, or just postpone one. Others won’t get to ride their fun boats, and all the gas guzzling toys. Some are easing up on the gas pedal and trying not to push on the gas too hard or accelerate too fast. Check out this Gas Crunch article on money.com

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Gas Pains: Current Gas Prices and the Economy

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