Below The Beltway

Back on August 28th I wrote about the issue of the increased use of credit cards to pay for gasoline and what it means. Now, via CNN, comes this news.
There was a record number of delinquent credit-card accounts reported in the second quarter, according to data released Wednesday from the American Bankers Association.
A key reason [...]

I was born in 1968 and only have a dim memory of the gas crisis of the early 1970s. I do remember it though. I remember odd-even days. I remember my parents taking the car down to the local garage/gas station the night before they were “allowed” to get gas and parking it there so [...]

There’s a discussion going on at Outside The Beltway about this report that the use of credit cards for gasoline purchases has increased significantly in the last year.
I’ve used my credit cards to pay for gasoline for as long as I can remember. At first, it was just a convenience issue —- it was easier [...]

Yesterday, I paid $ 2.61 per gallon to fill up the tank of our Honda Accord. After seeing this article about gas prices around the world, though, its clear that things could be alot worse.

Just like every day this week, today brings another story of record oil prices this time topping $ 67.00 per barrel. The price of gasoline continues to rise as well as this quote from a CNN story (Full story here.) shows:
The average price of a gallon of regular gasoline was more than $2.40 per gallon [...]