What goes up must come down

Can you believe just 4 months ago oil was more than $100 a barrel than it is right now? The high was somewhere in the $147 a barrel range, and yesterday's close was below $41. There is speculation that it could go much lower.

Whatever the cause, enjoy it.

Gas prices which were well north of $4.00 a gallon and now it's in the mid $1s in many places. We are below $2.00 but not by much. Even diesel prices have moderated substantially.

All this means that the average worker - and us - can commute to work and run necessary errands without gasoline being the primary budget consideration. It means that fuel surcharges on food and deliveries should go away. It means that inflationary tendancies caused by fuel prices should reverse.

A nice Christmas present for all of us.

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For more information on my coaching and educational programs and services, sales tips, insights, or strategies, visit my website stevehoffacker.com or my other blog homesalesinsights.com. © Steve Hoffacker, 2008. All Rights Reserved.

20 comments • Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies • December 06 2008 08:49AM

Finally, we're normal

After weeks of hearing about everyone else's low gasoline prices and seeing ours near the top of the gasbuddy.com averages, we finally broke the $2.00 mark - in the right direction.

Thursday, I was in Lake Wales in the middle of the State and filled up for $1.92. Yesterday, a station near my house was $2.07 in the morning and the magical $1.99 by noon. Now there are a couple of others at $1.99. I think it just might catch on.

The average national price reported yesterday was $1.98. That makes us just about average after being considerably above the average. That feels much better.

Of course we have a long way to go to get to Ann Hayden's $1.49.

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For more information on my coaching and educational programs and services, sales tips, insights, or strategies, visit my website stevehoffacker.com or my other blog homesalesinsights.com. © Steve Hoffacker, All Rights Reserved.

28 comments • Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies • November 22 2008 08:51PM

Change I can live with

No, not that kind of change - this is not a political blog. I'm talking about real change - silver (or what we used to call silver before 1964). Today we call it pocket change. Same difference, and it's nice to see.

I hadn't done a lot of driving this month, so today was the first time I needed to fill-up with gas in the past couple of weeks.

Drum roll, please. Today I saved 51 cents a gallon over the last time I bought gas. I won't tell you how much it was because it's still high compared to many parts of the country - like Karl Peidl's New Jersey.

Now that's real change!

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For more information on my coaching services or sales tips visit my website stevehoffacker.com or my blog homesalesinsights.com.

26 comments • Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies • October 21 2008 08:57PM

Falling gas prices provide new entertainment

As gas prices went up - sometimes several times in the same day and always by several cents at a time - we always tried to keep our tanks full as a hedge against the increasing prices. Kind of a value averaging approach. This was better than getting hit with a large bill for a complete fill-up.

Now, the opposite is true. We are witnessing drops in prices of a few cents to as much as 10, 12, and 20 cents a day. Where will it stop? Who cares, you say. Just keep it coming.

Our strategy has changed now from filling up to only putting in a few gallons at a time. The price will be even less tomorrow, and less than that the next day.

How low will it go? Let's enjoy the fall (falling prices as well as fall weather) as long as we can.

Along the way it's a great conversation starter, and it's a great alternative to talking about Wall Street.

Also, it lets us compete with each other as to who has the best price.

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For more information on my coaching services or sales tips visit my website stevehoffacker.com or my blog homesalesinsights.com.

18 comments • Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies • October 10 2008 05:24PM

Over a month of decline in gas prices

Can you believe it? Not only did Tropical Storm Fay have no impact on gas prices or refineries in the Gulf (at least not yet - stay tuned), today was the 34th consecutive day that gas prices fell.

Also today, oil companies began bidding for offshore drilling rights.

Wow, what a wild ride we're on. We may not be able to use high gas prices as an excuse much longer.

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For more information on my coaching services or sales tips visit my website stevehoffacker.com or my blog homesalesinsights.com.

20 comments • Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies • August 20 2008 04:00PM