Thursday, August 29, 2013

Good News: Gas Prices Are Going Down!

For what seems like years now, Americans have been complaining about the high prices of gasoline. Well, for all those complainers, there’s some good news in store. For close to a month now, gas prices have been falling daily, sometimes dropping as low as $3.26 per gallon! Of course, exact gas prices are determined by where you live, so don’t be too surprised if your gas prices are a little above or below that mark.
What’s the reason for the happy downturn in gas prices? Well, one major cause is that many refineries have been purchasing gasoline in large amounts, which means that there’s a lot more of it to go around than there was before. In fact, we’ve got a nice 10% more gasoline available right now than we did at this time last year!


So, in all likelihood, you might find yourself coming into some extra cash pretty soon due to the reduced amount you’re spending on gas. This is particularly true if you commute a long way to work each morning or if you travel a lot in general. Make sure you recognize the extra money that you have and that you make an effort to do something good with it, such as putting it into a savings account or investing it. You could even research local brokerage services and get some advice on what to do with your newfound funds. While there are definitely some great companies offering brokerages services in Naperville, nothing beats Platinum Financial Associates.
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