I live in the Northeast and oil is $3.00+ per gallon. I've turned the thermostats down to 61 degrees in the rooms we sleep in. I supplement with wood heat @ $2.25 per cord. The wood stove throws off more heat and we can relax in a warmer living room with the wood heat at approx. 80 balmy degrees. I couldn't afford to heat the house to such warm temperatures with oil.
I know that the cost of heating oil and gas for my car will limit my spending in all areas - food, no more gym membership, travel @ Thanksgiving and Christmas.
Quite frankly, I think the average Joe is going to be severely handicapped by the rising cost of gas and oil. I worry about those who less financial resources than me.
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