Saturday, August 22, 2009

Gas Prices Revisited

Back in January, I predicted that gas prices would be at $3 per gallon now. I missed by about 40 cents. Some areas of the country did see gas prices at this level and eastern Massachusetts saw some stations selling premium gas above that price. Generally I should stick to accounting and not predicting the future.

However, the idea of trading up to a car that gets better mileage is still a good idea. Gas prices have bounced around lately but they will be headed up (there I go predicting the future again). The “Cash for Clunkers” program (see my previous blog) is in full swing and may be over by the time you read this. Getting more bang for your buck is always a good idea.

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