Energy Finance

Today, the U.S. Labor Department reported the rising price of gasoline and food pushed inflation up by 1.8% in June. Inflation has risen during the past year at the fastest pace in more than 25 years.

Over the past 12 months, wholesale prices are up 9.2%, the largest year-over-year surge since June 1981.

My freinds and family who are not in the oil business ask when gasoline prices will go back down, and what to do to cope with the current cost.

To the first, not anytime soon. To the second, this may be a good opportunity to cancel the TV cable bill. In some cases, the $50 to $99 savings per month will more than make up the incremental difference of gasoline. Yes, the tv soon won’t work without cable. Well, one can always signup again later if the withdrawl pains are too strong. But think of the three or four month’s savings in the meantime.

What to do instead of watching tv? Perhaps a visit to the local library is in order. It’s free, and the special events can be very entertaining.  

Don’t know wht to read? Try Peter Benchley’s ”Girl of the Sea of Cortez,” or anything by Lee Child.  For the funny side, try Dave Barry’s “Big Trouble.”

One can also find local newspapers, magazines, audio and video tapes, and more. It is air-conditioned, so the more time spent in the library, the more AC-usage can be reduced at home.

I find most public libraries are sadly underused. Visiting a local library, hopefully within walking distance, is worth a try, in my book.

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