About Me

Dickyvman

I'm a 31 year old father with a wonderful wife and a 3 1/2 year old son. I have a passion to help others get freed from debt, save money by living frugally, and creating the opportunity to retire early. I do this by managing my online blog at Frugal Retirement

Our ultimate goal is to retire by age 52 and:
1) Save a million dollars
2) Have all debts paid off by retirement
3) All kids college paid for
4) Install kitchen cabinet, paint bedroom, build a murphy bed, and redo the master bath
5) Have four quiet times per week (2008)
6) Plant a tree and help save the environment
7) Go on a camping trip in 2008.
8) Run a 3:10 marathon and qualify for Boston

Debts (06/07/08):
Home Loan: $145,478
Wife's Student Loan: $17,367.87
My Student Loan: $6168.00

$15 Gas??

May 22nd, 2008 at 06:47 am

Today I read this article on how they are now predicting $15/gallon gas!

$15 Gas article

If things like this come true then the world will be in chaos! I can't imagine what prices at the store would look like, lines at the gas pump would look like, or how this would change the future of the middle class. Personally, I think you are going to see a major swing and rebellion once you hit $5, which we were debating a few weeks ago on "what is the braking point for gas". A lot of people are already sick of the gas prices and if this continues our economy, middle class, and standard of living are in for a world of hurt.

I just want to throw this out there as my own prediction that I think will come true before 2012. Along with all the middle east countries rationing explain in the article I predict that "Israel will find large quantities of oil reserves under their soil." Based on what I've been see and the trends I just want to throw that out there.

What do you think the breaking point will be? How will you change your lifestyle once gas hits $5, $7, $10, or even $15? You better ask yourself these questions now and come up with a saving plan if this does come true. Again we shouldn't be driven by fear of the unknown possibility but be in a position to protect ourselves and our assets.

Subscribe to frugal tips to retire early by e-mail.

Posted in Uncategorized | 4 Comments »

4 Responses to “$15 Gas??”

koppur Says:
May 22nd, 2008 at 07:10 am

That's just so scary. I'd like to think that by the time gas hits $10 a gallon we will have alernative fuel for cars and such, but since gas prices are rising so quickly, I don't see that happening. We budget a certain amount for gas each month, and if we needmore, we find a way to do what we need to do without using the car. Thank goodness public transportation where we live is so good. We are just going to be using it a lot more.
merch Says:
May 22nd, 2008 at 07:18 am

All these alternative fuels and energies have been out there but just not economicaly feasible. There comes a point when it's cheaper to use these.

I see more and more news about possible new nuclear power plants being built, new wind farms, cleaner coal, etc.

Hybrids are becoming more mainstream. There's talk around about 100 mpg cars. I think the oil prices and gas prices are just accelerating the development into alternatives.
luxlivingfrugalis Says:
May 22nd, 2008 at 09:11 am

Hello bicycle!! Hello bus schedule!!

Hello Shanksmare!!!
Lisa Says:
May 23rd, 2008 at 07:01 pm

I am already considering buying a scooter, not only will I save on gas but I don't need insurance and where I live they charge an arm and a leg. At 65+ mpg I will double my savings. I already am much more careful about trips. I plan, plan, plan. A scooter would be a good investment of my stimulus money.

Retire Early Finance Blog

Seeking to save money on a daily basis to retire early.

$15 Gas??

4 Responses to “$15 Gas??”

Leave a Reply