Kaltbaum: Gas Prices Drop But for How Long?

It’s not been easy for the average American recently as the one thing that makes or breaks us is the price of Gas. Momentus gains in the last few weeks have had Americans feeling on edge as the price went up and up with no end in sight. But over the last few days, we have seen fewer overnight rises and more drops. At its peak, the price of a single barrel was $130, but now prices are starting to settle at $96.44, but we have just recently seen a 6% drop to $95.40. This is why Americans are seeing a price drop currently.

Speculation right now says the price drop is due to the slowing of China’s demand for oil. It currently ranks 2nd as the world’s largest oil consumer. With the siding of Russia and recent talks of Saudi Arabia alliance China will be supplied with plenty of oil. This, of course, is all just current speculation, of course. Currently, Saudi is talking of ditching the U.S. Dollar for the world’s oil currency which could be detrimental to the U.S Economy. If they move over to the Yuan (Chinas currency), it will make China the global leader in market exchanges. [Source Fox Business]

Schnitt: Tips To Make Your Tank of Gas Go Further

• Glide to a Stop

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  Let your car come to its own stop as much as possible. Letting off the gas on open stretches when you are nearing a stop means you won't be putting hitting the accelerator which will cause you to use more gas.

• Quit Hitting Rain Puddles

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  Rain in Florida, who would have thought it could happen here. When you are driving in the rain, do your best not to drive in the water. Hitting those puddles which you know you want to do will cause you to slow down and increase those RPMS burning more gas.

• Don’t Slam the Gas On the Green Lights

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  I love watching burnouts as much as the next one but if you keep doing it you are gonna keep that gas bill high. Don't just slam that accelerator down because the light turned green take your time and you will see better fuel consumption.
• Drive with Load

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  Driving with load basically is almost like driving with cruise control you are trying to maintain your car's best performance in RPMS. This is helpful when you’re climbing small hills. You will naturally decrease in speed climbing a hill but push the gas in to try and maintain, but after you crest the hill you will speed up. Just be your own cruise control.

• Coast into Red Lights

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  Slowing down is a common theme here with this list and our final tip is no different. Learning to be a better breaker is going to help with gas consumption. If you see a red light ahead, slow down and try timing things so that you can glide through without stopping once it changes to green. This will also help reduce wear and tear on your break pads.

• Let off the Accelerator

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  Listen here led foot you need to slow it down. I get it in Florida is hot and you just want to get where you are going and be done but traveling the posted speed limit will help with that gas consumption.

Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.

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