Out of Gas Newsletter - Issue 2 July 26th
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Closeout.com - thousands of products / reasonable prices.
We hope to do a couple of things -
1. Teach you how the fuel industry works (in terms anyone can understand).
2. Keep you updated on the latest industry news - this may help you put off for a day or two when buying gas, because prices are trending lower or buy it today because prices are trending higher.
3. Give you some tips on saving money in other areas of your life - every Friday we’ll also post one of these tips on our blog.
If you find our tips useful please don’t hesitate to forward it to a friend… we’ll thank you and they’ll thank you as well.
++ News -
Hurricane Dolly - although it did quite a bit of damage in gulf, most of the damage was caused as it went on shore so the impact on oil prices was minimal.
Oil prices - gas fell below $4 a gallon in many places <applause> and crude oil fell to $123.26. One thing for crude oil prices they are usually for pick up at a future date (in this case Sept.).
++ The Oil Industry
Basics of supply and demand.
This week we’ll be talking about supply and demand - next week we’ll talk some about supply then demand - then we’ll work on talking about each one of the aspects of supply and demand individually.
In simple terms the more of something you have and the fewer people that want it, the cheaper it will be in the market place. The reverse is also true as well. If there isn’t much of a product and everyone and their brother wants (or needs) it then the price will go up.
In figuring out the price of gas there are many different things that change both the supply and demand. We’ll be talking about each of these in depth in the months and weeks ahead.
So how can I help my bottom line?
For now when you watch the news… start thinking about how current events may change the price of a gallon of gas.
A good example this week is Hurricane Dolly - any hurricane in the gulf will have some impact on the drilling platforms there. There are over 4,000 drilling platforms there. So would it just slow things down a bit (just a little glitch in the supply) or would it halt operations / destroy platforms (more than a little glitch).
As you continue to learn everything will become a bit clearer. If you have any questions or comments please don’t hesitate to leave us a comment.
Having Fun Saving you Money
The object is to use things you already have around your home and to not spend more than
$25 on the activity (and to use things you buy for multiple bits of fun).
Friday we talked about playing capture the flag - you can find that here.
You can find Mexican train dominoes for usually around $20.00. If you want 2 or 3 hours of
fun in an evening I would highly recommend this. We’ve played it with people from ages
7 to age 71 and everyone had a wonderful time. The dominoes we got came with an instruction
sheet that included other games as well.
The game is super easy to learn, but it will take some thought and experience to master it.
You can also find a huge selection of other dominoe games here -
http://www.domino-games.com/
We started a family game night… once you buy the game I’m sure you will have
many, many nights of fun.
Extra Tidbit — tonight have a Hannah Montana party. Go to Wal-Mart, get some free 3-D glasses, then watch the concert tonight at 8… make sure you take some pictures. We’ll take some and have them posted up on Monday. We went to a concert in Lexington and she really does put on a good show.
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If you haven’t had a chance to buy our gas mileage guide we would encourage you to do so.
you can find it here.
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