2million - My Journey to Financial Freedom

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Monday, September 12, 2005

The upside to high gas prices

I like most people get angry and fustrated everytime I have to put gas in my car. We are all at the mercy of oil prices and oil prices haven't been kind to us recently. Even Bill Gates and Warren Buffet have to pay more at the pump (although they may have someone else at the pump for them).

The only thing that seems to bring me any comfort when I see gas prices continue to climb is this - these prices will force innovation and change among us for the better. I get excited because I know these higher gas prices will bring change to the American car buyer that will ultimately lead to new innovation in transportaion in America. Plug-in hybrids that may allow us to use no gas on short commuter trips seems to me to be the next big step. I calculate I probably spend $6 on gas/day on my commute to/from work. To be able to plug in the car at night and go to work for < $1/day seems like a good return on a moderate investment, including the relief of high dependence on oil prices. It may be that the higher gas prices we pay now will help prevent us from paying even higher gas prices in the future.


  • I am not meaning to be rude, but to me if someone has a car don't blame gas prices or like I have been hearing people say the government or companies are at fault. I say to alot of people oh wells deal with it you bought the car so blame yourself. If people learned to save at least some of their income and shop smartly prices would not be this high on gas and other products we buy or use daily. So remember do not get angry or frustated with gas only get angry or frustated with yourself.

    By Anonymous Anonymous, at 5:43 AM  

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