How Will $5 Gas Affect Your Summer Plans?

May 28th, 2008 by john in Categories: Finances, economy

Join the conversation 18 comments

High Gas Prices!

I went camping this past weekend and noticed a significant jump in gasoline prices. I paid $3.89 per gallon, for the first time ever. It was $3.69 just last week. I see $4.00 per gallon in the very near future. And unfortunately I think we may see $5.00 per gallon this summer. Long term it could go much higher.

This obviously will cause prices of everything from food to laundry detergent to go up (even more). I am wondering what effect higher gas prices will have on you and your family? Will this cause you to change or even cancel your vacation plans? What do you think about the ever increasing gas prices? Vote in the poll and leave a comment! I would really like to hear what you think.

[poll=5]

Food For Thought

  • Diesel fuel in England just hit £1.28 ($2.52) a liter or $11.50 per gallon
  • Price of a gallon of gas in the Netherlands: $6.48
  • Price of a gallon of gas in the Saudi Arabia: .91
  • Rockefeller family has challenged ExxonMobil to focus more on renewable energy

Find some ways to save on gas:
8 Steps To Reduce Your Gasoline Bill

Find the best gas prices in the US & Canada:
http://www.gasbuddy.com/



John

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    { 16 comments… read them below or add one }

    sogeshirts May 28, 2008 at 2:02 am

    I think If i had summer plans the gas crunch would have forced me to cancel them. The price of fuel right now is ridiculous.

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    Toronto SEO May 28, 2008 at 5:16 am

    I think a “stay-cation” is in order for this summer. I feel sorry for those with trucks and SUVs!

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    GetSmartGal May 28, 2008 at 11:10 am

    It is all cyclical isn’t it, and though I do not wish ill on anyone and I know how incredibly these inflationary/price increases are hurting many Americans, without this fuel increase we would not be moving forward in positive-too long in coming-alternative fuel and energy sources. I am a Green Girl, I will admit it, and I am happy that we are pushing in another less environmentally damaging direction. Just sorry the change has to be so painful but would we do it if it weren’t??

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    Robin May 28, 2008 at 2:11 pm

    Hi John, Yes, we will change our vacation plans. The price of gas per gallon is a waste of money. We have a truck and a SUV. But, they got us all. We have to have gas for transportation needs. I Will just have to try to budget better. With a family of 5, having food in the house is top priority right now. School is out and the kids are driving me crazy. (ha, ha) :-)

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    heidi May 28, 2008 at 2:35 pm

    I used to not bother with gas prices even when they were a bit more but now I am really noticing. I feel like I am not as free to drive across town and really trying to conserve. Ten dollars gets me nowhere and $20 just lasts a day or two while I conserve. no fun.

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    Blake May 28, 2008 at 6:13 pm

    I probably won’t cancel my trip plans for this summer, but I’m spending far more nights at home with the car parked in the driveway than I did last summer.

    It’s times like these that I really love my Civic though ;)

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    ssgreylord May 28, 2008 at 10:49 pm

    We’ve had plans to travel across country this summer for the “road trip of all road trips”. Yikes! Now we’re finding ourselves taking a serious look about if we’ll go. We’ve been crunching numbers like mad and found that gas alone would cost us $1000 in a 3 day trip. That’s one helluvan expensive trip. We’ll see…

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    Beth May 28, 2008 at 11:35 pm

    I have an old RV, that we used to take beach camping a few times a summer. Mind you, we never leave the county we live in. However with prices this year, I think we will take one trip and make it for four days. Normally we go for 2-3 days so one longer trip will be what we do this year.

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    Gupta May 29, 2008 at 5:14 pm

    Well…how long can you put off a vacation? Has price for anything in this world really rolled back? Last summer we were all pondering this same question when gas was below the $3 mark.

    It was not too long ago that a barrel of gas was quoted under $40. At that time $50 was the high mark for the tide…that quickly inched its way up to $100 as the high tide mark – today we are hovering near $130 and $150 is the new high tide mark.

    So you got to do what you got to do. Everything costs more now..including food. So what do you do….eat less or put off eating?

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    Mike May 30, 2008 at 6:42 am

    I love the ‘Arm and a Leg’ logo – so eloquent!

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    cheddarfix May 30, 2008 at 10:58 am

    Time for some grassroots home made fuel!!!!!!

    Time to put all those rich oil corps out of biz. There taking advantage of us thinking we are the ones in the hole with no way out. But we could stop the world if we stopped using their product. We don’t have to rely on them.

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    Genie June 3, 2008 at 12:25 am

    I agree that it is necessary for the good of our planet to cut back on our gas usage. If we don’t, we will run out of gas entirely in our lifetime anyway. But I also resent the big US oil companies making so much profit off working people. I buy Citgo gas in order to avoid mideast oil, and Exon/Mobile, with the worst environmental record of all the companies. Citgo also tends to be cheaper, although the American middlemen are making a killng. Gas in Venezuela just hit 49 cents per gallon today.

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    Blake June 12, 2008 at 10:15 am

    CheddarFix- “But we could stop the world if we stopped using their product. We don’t have to rely on them.”

    Really? You don’t have to rely on transportation, consumer products, food at the grocery store, anything with plastic in it……

    I would love nothing more than to stick it to them, but it’s going to take massive overhauls. Our entire society has been built on cheap oil, and the oil companies are simply filling that demand. Granted, we could cut back our demand greatly right now simply by making small changes, and it looks like Americans are finally starting to do that at these prices.

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    John reply on June 12th, 2008 11:24 pm:

    Good points Blake.

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    Erica @ Cook Quick Easy Recipes June 19, 2008 at 3:53 pm

    It’s a shame the prices are as high as they are but it won’t stop my vacation plans.

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    John reply on June 20th, 2008 12:51 am:

    Good for you! Vacations are important. You need to clear your mind!

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    guitarkeaven July 15, 2008 at 5:25 pm

    John, today a guy next to me on the bus had a marine buddy coming back from Aftganistan to JFK NYC. I heard him say…I’ll try, but its $180 bucks to fill up my tank. Nice for a marine who just “served a tour” near “Oil-land” to here “coming home” to the USA.

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    Mattheosis August 6, 2008 at 2:40 pm

    Sadly, it has affected our transportation. Company subed free transportation has been brought into the picture, helping costs stay normal. But time is also of value and my wife, and I, now have longer waiting periods for each other from work. Also, those just takeoff and go somewhere trips have minimized to planned trips, as well as consolidating stops into one big trip. Yet, sometimes that may be a positive thing, with less time driving from place to place.

    Regards, Matt

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