WIth the price of gas rocketing out of control, everything, from the cost of a plane ticket to the price of food, is going up--fast--in the coming months. What can we do to protect ourselves?
One financial newspaper today suggested buying large quantities of non-perishable foods and stocking them, since the price of food will rise 4-5% per MONTH. Buy invest in food at today's prices and you'll get a better return than the best CD. As for perishable food, potatoes are tasty, cheap and plentiful.
In New York City, a friend of mine observes that there have been "fewer personal cars" on the streets in recent weeks, and we both wondered if the price of gas is driving people to take mass transit, walk, or just forego the trip.
In California, with the price of gas over $4 a gallon and rising, there are predictions that the price could double. This will have a profound impact on what we do with our vacation time this summer. Look for fewer road trips. The drive across America, a rite of passage for so many, may be dropped this summer because it's just too expensive. Instead, many vacationers will do day trips to destinations close to home. Local parks will probably be crowded this summer.
Think about family walking (or biking) excursions, where you can explore a nearby area. Pack a picnic lunch, make sure there's a public eating area on the route. When it costs $100 to fill up your tank (and it already is, for some people) we will have to use some creativity!
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