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Retail gas prices affect everybody and everything, from individuals to big businesses, most people (and businesses) suffer the consequences from rising gas prices. Everybody in your morning and evening commutes are affected by the cost of rising gas prices, and if your family is thinking of taking a road trip for your summer vacation you might think twice before you hit the open road if gas is over $4.00 a gallon.
Big businesses are deeply affected by the cost of fuel. Transportation companies such as the airlines or trucking industries are very sensitive to the cost of fuel. If the cost fuel goes up, it will reflect on the ticket prices, and the cost of services, which will likely hike up the cost of the prices of their tickets and will not only have an effect on the companyís bottom line but the consumers bottom line as well. If ticket prices are too high, people just wonít take vacations and wait until prices come down in order to take vacations.
Historical Gas Prices:
For the everyday consumer the rising cost of fuel will affect their monthly allotted gas expense, and if youíre commuting five days a week gas can be a major part of oneís budget, so saving money on gas should be a major priority if you take your budget seriously. There have been some major studies that have gone into what and what doesnít affect your carís MPG (miles per gallon) and before we get into how to save money for gas, letís get into some myths that involve gas mileage:
Five Great Tips for Saving Gas
Not everybody can own a hybrid vehicle, and for those of us that donít own a car that gets great gas mileage utilize these tips and hopefully you will save money in the long run. Another thing that might save you a lot of money is investing in a bicycle. Getting a bicycle to get around town is going to save you a lot of money on gas and itís also going to keep you fit, but regardless what you do being more contentious about how much gas you spend is going to help your bottom line and help the environment.
Bobby Dee is a personal finance blogger and currently works with a non-profit credit counseling that has been helping consumers set up sensible budgets and assist with their debt problems for over 20 years.
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