Europe already has its $8 to $11 gas prices.
The author of the US government requested Hirsch Report warns in a CNBC interview that as the (finite) oil production goes into decline, we’ll soon start seeing those prices here in the US as well, easily reaching $12 to $15 a gallon.
Might Bargain Hunter has a solid tip on how to deal with such a price increase and how to deal with it now.
Pay $15 per gallon for gas now. On your next fill-up, take the difference between what you pay and $15 and put that money in a strong piggy bank that you won’t be easily tempted to touch.
This way you not only experience what it will be like right now — you’re already saving to deal with the coming price increases.
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The bulk of that price is tax. Often a so-called environmental tax which gets applied to non-environmental stuff.
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