Thursday, March 10, 2011

$3235

What would you buy with $3235?

That is what the Department of Energy estimates the average American household will spend on gas in 2011, up 28% from 2010. Story HERE.

"Higher gasoline prices will give consumers less money to spend on other goods and services, which many economists fear could slow the U.S. economy."

Gas is typically portrayed as an absolutely necessary expense - like the cost of food or shelter. I know better... as do probably 80% of the world's inhabitants. Being "over that oil barrel" is a voluntary choice. (Granted, our society shapes that choice. But many citizens have chosen to live far from their destinations.)

2 comments:

Bob T said...

I have absolutely no sympathy for those who have chosen to live far from their place of employment, and then complain about gas prices.

When we moved to Boise in 2002 our initial house hunting consisted of finding where my employer was located and then driving around that 1 square mile block, where we ended up locating an apartment for rent. About two years later we purchased a house adjacent to the school which my children attended, and where my wife is currently employed. We now live about 2 miles from my office.

Some of my current co-workers who moved here about the same time as I did chose to live anywhere from 5 to 20 miles away. What were they thinking?

Marc said...

Thank you Bob T., I preach this same fact to my acquaintances. My wife and I settled for a smaller house in our budget just to live withing 4 miles of everything we need.