Thursday, September 29, 2016

NEW OPEC DEAL SIGNED MINUTES AGO! What it means for gas prices!!!

The price holds that pervaded the low cost of gas have just let up! 

http://www.kitco.com/news/2016-09-28/FOREX-Commodity-currencies-firm-yen-sags-after-OPEC-oil-curb-agreement.html

While stocks and Dow/Nasdaq prices may need time to react, it's likely that this will increase gas prices.  A few thoughts come to mind, as is common in this blog.

1.  The low prices are finally over, now it's time to hypermile again
2.  Many people felt the price of gas was lower, undervalued, and are ok to see the higher price of gas boost the economy.

Official targets will not come out for quite some time but an early estimate is $2.49/gal prices by December, especially mid December. 

If you've been reading my blog, then hopefully you were able to save "for a rainy day" during the low gas prices.  Ideally about $10/month more during the undervalue.

If not, it's actually ok.  You may see stocks rise, possibly fed. rates rise, and see some money growth in those areas.

After a busy summer it's a "small cloud" on the hypermiler radar to know that gas prices are likely to rise, but if you want to know how to achieve +3 mpg gas on any car, read this blog!  use the links!  Fortunately there are hypermiling blogs all across the internet.!!!