This week crude oil futures hit another all time high of $112 a barrel. What did not make headlines is home heating oil is also at an all time high and gasoline is up and propane is up and diesel fuel is up and jet fuel is up.
Things are really looking up if you are invested in any of the above. But, for most of us, it means every thing we buy will be more expensive.
Someday it may take most of your paycheck to fuel up your ride.
If you buy something on the internet and have it delivered to your home, the higher cost of delivery truck fuel will make it more expensive. If the stuff you buy gets to the store by truck, the cost will be up. Air freight costs are going up too.
Higher prices for diesel tractor fuel mean higher cost for farm produce. Higher prices for propane means the cost of processing farm produce will be up. Higher oil prices will drive up fertilizer cost up for the farmer also.
The higher cost of growing corn means ethanol prices will be up.
Oh, I almost forgot natural gas prices are up also.
All these increasing energy prices impact the market price of just about everything we buy.
To protect our personal economic security we all need to take action to reduce the impact that increasing energy costs have on our lives.
Saving energy is not just an environmental concern or a green fad.
Saving energy is a personal security issue and a national security issue that we need to pay more attention to.
We all “gotta eat” and we all need to move around the country to “take care of business.”
My question for today is what are you doing to keep higher cost energy from wrecking your life style?
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