I’m not about to claim that when I wrote about the merits of oil vs. gold that I saw this coming.
Although we sort of forgot a bit, didn’t we, how dependent we are on unstable regions of the world for a significant source of our energy?
Brace yourself: Your gas prices are going up.
And it’s going to hurt.
Way more than the last time we saw $4.
Combined with the new tolls going into effect this Spring on 520, quite a few of us are going to have to make some tradeoffs to allow for more room in the cash flow to go towards $7/day in tolls and a double digit increase in gas.
(Disclosure: I am a Fee-Only Financial Planner: website. )