• Welcome!

    Hi, I'm Phillip Crocker and I'm your "One Resource" for financial education and questions.

    This site is your site and is dedicated to serving you, our current or potential member/owners!

    Contact me anytime at 214.565.5338 or click on the "Suggestion" tab for questions or suggestions for articles, resources or blog topics. Enjoy!

    Phillip Crocker - Director of Financial Education, Resource One Credit Union
  • Topical Links

Say Good-bye

Have you been keeping up with what is going on at the gas pump lately?

Over the past couple of weeks we have seen gasoline prices slowly go up.  Then almost over night they went up around five to fifteen cents a gallon, depending on your neck of the woods.  What has led to this sudden rise?  If you believe all the folks on the Biz News networks, then it is coming from a shift in the future of our economy.  Evidently, there are signs of improvement to our overall economic condition as a nation.  The big banks are not in as much trouble as previously thought.  In fact, some of them are making huge profits again.  I wonder whose backs those profits are off of again.  (their customers) That is difficult news to swallow when the folks I talk to are more concerned than ever.  But you have to keep up with the signs of the time- right???

The only break we have seen, as a consumer, over the past several months has been lower prices at the pump.  That has been a God send for many folks barely getting by.  I worry that those same folks will be negatively impacted by these “signs” of getting better.  A large consumable of life is about to start going up again.  How much will it go up?  I guess only time will tell, but here is what we have seen in the past.  History is often a good measurement for our future.  I do know that the summer travel season is right around the corner. (up goes gas prices)  Then after that bit of good news, we can expect hurricane season to ramp up again. (up goes the gas prices more)  Then we may get a break around late fall to early winter again.

The way I see it, and I hope I am dead wrong, we can say good-bye to gasoline under $2.00 a gallon for quite some time.  If you can still find it, then consider yourself  lucky.  Of course the optimist side of me is thankful that it is not $4.00 a gallon.  Start to increase your gasoline expense part of your budget and find the money from some other category or source.

Good Luck!!!

 

- Phillip

One Response

  1. My opinion: Fill ‘er up before the prices go up! And, yes, work on adjusting the budget to fit the rising prices. Yikes!

Leave a Reply