What Would You Do If Gas Suddenly Jumped To $5.00 Per Gallon?

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If you woke up tomorrow and gas prices had jumped to $5.00 per gallon, what would you think? Would you begin looking for someone to carpool to work with? Would you consider getting a smaller car? Would you find a job closer to your house? Would you buy a bike?

As gas prices edge ever upwards, I think we all need to start thinking about the inevitable…gas prices are only going higher. Sure, it will probably be a slow climb, but eventually we will be paying upwards of $5.00 per gallon. At that price, for my wife to fill up our Mini, it would cost about $60 per week or $240 per month…and that’s with us only owning one car. Can your family afford a $500 a month gasoline bill for 2 cars? I know ours couldn’t if it came down to that. So before gas prices get that high, take a second to think about what you might do if it did happen…and then move to put some of those changes in place. Not only will it save you some money, but it will also prepare you for the future.

I just realized that we did not touch our car at all this weekend; we walked and/or took the bus everywhere we needed to go, saving money, wear and tear on the car, and gasoline consumption. Since it will only get worse, I figure preparing for it now will pay off later. Will you be ready for high gas prices?

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Comments

  1. keep doing exactly what I’m doing because I’m realtively prepared for it. Gas prices reaching that level is only a matter of time whether its in the next couple years or the next 5 or 10 years. I live close to work at 7 miles now and it will be cut down to 3 or 4 miles within a few months when I move to a new area. My girlfriend rides her bike to work several times a week already. People have asked me why I bought a toyota tacoma which only gets 20mpg with gas prices but once I tell them how little I actually drive it makes a lot more sense to them. For reference I maybe pay $120 or so in gas on a bad month as it is right now

    I also supplement my driving with my motorcycles which get 40 and 50mpg….I do not have them for the gas savings and have them because I enjoy them. It is often a false economy to buy a motorcycle for commuting because after you pay for a moderately priced commuter bike and riding gear and tires that last a fraction as long as a cars tires you are often better off buying a used car that gets decent mpg. Many bikes also don’t get much better mpg than many cars

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