The US national average for gasoline has increased around 55 cents per gallon from one year ago. Even so, prices are still a bit lower than they were back in May of 2007, but experts are predicting the price to continue increasing. There is a lot of discussion about what effect this has on the average person, so I’m curious to see what others are feeling. I know in my situation, about a year ago it cost me about $35 a week for my car. Last fall, it was running about $38, and my last week’s cost was just shy of $40.
So, that is roughly $2-$5 more per week than what I was typically paying in 2007. While it certainly doesn’t break the bank, it doesn’t go completely unnoticed. I sure wouldn’t want to increase my commuting distance or have a car has worse gas mileage though. So, what does the increasing cost of gas mean for you?
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About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.