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

What Global Conflict Means to Local Business

What Global Conflict Means to Local Business

How can the unrest in the MENA (Middle East and North Africa) area effect your local business?

For many, it will have little impact but any hint of instability in this part of the world often means an increase in oil prices, as we are currently experiencing. That often results in higher airplane tickets (we have already seen $10 or $20 increases), increased transportation costs and higher gasoline costs for the local consumer.

So, while businesses can do little about what is happening in MENA, there can certainly be an impact upon local business so it does pay to pay attention to international news as part of your strategic planning.

S.A. Romeo
The Strategy Expert