Gas Price Increase: Oil Production Cut Leads to Rising Gas Prices
Usually gas prices are at their lowest this time of year. But, you may have noticed that gas prices have been steadily increasing over the last month. The rising gas prices are due to the fact that on December 1st major oil producers reached an agreement to cut oil production. Sadly, it does not look like the gas price increase is going to stop anytime soon. We will likely see higher gas prices in 2017 than the prices we see today.
The gas price hike brings bad news for people who bought vehicles in the last few years with little regard to fuel economy. Insiders in the industry warn of gas prices getting as high as $3 per gallon. Florida has already seen a huge gas price increase. Florida gas prices have rose 22 cents in the past month to $2.31 a gallon. This is one of the biggest jumps in gas prices in the country.
How to Prepare for Rising Gas Prices
A large enough gas price increase can end up having a big effect on your bank account. One of the best ways to prepare for higher gas prices in 2017 is to trade in your current vehicle for a used car with good gas mileage. The fuel economy of cars has improved in recent years. You may be able to upgrade to a newer fuel-efficient used car that will save you money in the long run. You will be surprised at the money you will save by driving a used car with good fuel economy.
The gas price increase is a good reason to now trade in that gas guzzler you are driving now. If you are thinking about buying a used car in Miami, Prado Auto Sales has quality used cars with high mpg ratings. You can view the mpg rating of used cars in stock right now at our used car dealership in Miami on our inventory page. Please contact us if you have any questions. Or feel free to stop by our Miami location to test drive the best economy used cars in Miami.
Prado Auto Sales is dedicated to customer satisfaction in hopes that you always remain a part of the Prado Family. We have provided you with a Google map, address and phone number to help you find us easily.