Gas Prices Blinding

I have begun to blindly fill my gas tank. I do not mean I am filling it while blind-folded (that could be messy and well, someone could get hurt, probably me because as those who know me will tell you - I am a little accident prone).

gas pricesI have just begun filling it without looking at the cost per gallon. The price of gas has skyrocketed. I still can not help but look at the total when I am done … *gasp* did I just spend $44 to fill my tank? I suddenly feel like the owner of the station just walked up to me and slapped me across the face … ouch!

I am not too keen on spending $3.45/gallon when I remember my mom filling up her 1981 Chevette for $10.00! Looking back, I remember when we used to drive to Massachusetts to get gas for $.99/gallon. $.99/gallon!

Think on that for a while.

$10 dollars filled her tank in 1992 but it’s likely to only give you a ¼ of a tank today.

The next time you fill your gas tank take a few seconds and think of what you will be paying to fill it 10-15 years from now. Unfortunately, it is pretty upsetting but … it is the reality. How much gas will $40 buy 10 years from now? Maybe half a tank.

A structured settlement payment worth $500 today will not have the same buying power in 10 years. Your money in the future will buy less. If you had your money now instead of waiting, you could put your money to work to keep up with inflation and rising costs.

I know people who drive 5 miles to save 3 cents a gallon. How much money could you save by using the buying power of your settlement payments now instead of waiting?

If you sell future monthly or lump sum payments now, you will get more in your gas tank at the end of the day.

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  1. By Gas Prices » Gas Prices Blinding on May 7, 2008 at 5:30 pm

    […] JQ wrote an interesting post today on Gas Prices BlindingHere’s a quick excerptI have begun to blindly fill my gas tank. (…) […]