Thursday, February 24, 2011

Survive the Next Oil Price Spikes

Here it comes again. Trouble in the Middle East resulting in higher oil prices. With the current uproar in the oil producing countries a barrel of crude is already hitting the $100 mark. The price at the pump has been steadily inching up. I would not be surprised if gas hit the all time highs of $4 per gallon.

Those of you who have been following the advice of this blog and others on how to reduce your fuel consumption will be coming up ahead in the future months. If you have not been working on saving gas better let off the pedal and brush up on your Hyper-Miler skills.

Maybe that giant SUV you just purchased may not be that cost effective for you. Instead looking into a hybrid will become a more real possibility. All electric vehicles such as the Nissan Leaf better up their production.

Of course there is always public transportation. And for those adventurous enough may dust off the old bicycle and start getting in shape for their daily commute.

Who knows how long this "crisis" will last. Will we learn lessons? Will Alternative fuel vehicles become more mainstream as a result? Only time will tell.

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