It's Not Driving Me Crazy

It's Not Driving Me Crazy

The price of gasoline continues to steadily increase ($3.50 per gallon in many areas and $4.00 in California) and the experts are now predicting a national average of $4.00 per gallon nationwide this summer.

With many people still unemployed and others working part-time or underemployed, at some point, the amount of driving is likely to decrease. Airlines have already increased fare by $10 to $20 to account for the fuel increase. If the amount of driving is reduced, that is likely to occur this summer when many families take their annual vacation.

If driving is reduced due to the price of gasoline, less products may be purchased and the summer tourist season could experience a decline, thus negating any minimal growth the country has experienced this year as it mightily struggles to escape the grasp of The Great Recession. Thus, the crazy driving season that clogs the roadways of the northeast may not be driving us crazy this summer.

S.A. Romeo
The Strategy Expert