w Gasenomics

Gas prices are on another wild ride Build wealth better than the 1% | Monday, April 25, 2022 Received this on accident? [Unsubscribe here](. [Worthy by FinanceBuzz] [Worthy by FinanceBuzz]( Today’s rec: If you’re struggling to complete your to-do list, consider making a priorities list instead. Be sure to include things like time with family, exercise, and self-care. BUILD YOUR NET WORTH - [Stop overpaying for car insurance](. Or put $1,000 in real estate and let your money work for you. - [Save 💰💰💰 at the gas pump](. See 12 strategies to help you reduce pain at the pump. - [Beware of rideshare costs](. Want to become an Uber or Lyft driver? Read this first. NEWSWORTHY Gasenomics: This is gas price’s wild journey over the last 50 years. [Gas](#) Feeling gassed every time you fill up the pump? We get it — it’s exhausting. But this isn’t the first time the U.S. has had gas problems (that Pepto-Bismol couldn’t fix, anyway.) 😄 Let’s rewind and see gasoline’s wild 50-year journey of highs and lows. 1973: The price of a barrel of oil skyrockets from $3 to $12, almost doubling gas prices overnight. Why? Persian Gulf oil producers put an embargo on U.S. oil exports. 1979: The Iranian Revolution disrupts global oil trade. Americans suffer from an oil shortage — having to wait in long lines to fuel up. Meanwhile, inflation reaches an astronomical 11.35%! 2001: Gas prices peak — reaching an average of $1.72 per gallon. July 2008: Financial speculation and rising demand from developing economies push gas prices to $4.16 per gallon. December 2008: The Great Recession rattles the global economy, and gas prices plummet to $1.67. 2011: Gas prices breach nearly $4 per gallon after Libya’s oil production comes to a halt. 2016: Global demand for crude oil plummets. Gas prices average $2.14 per gallon — the lowest average price since 2004. 2020: The demand for gasoline plummets after COVID-19 lockdowns. Prices reached a staggering low of $1.77 on April 27th. 2022: Russia’s invasion of Ukraine disrupts the global supply chain, sending gas to an average $4.33 a gallon. As you can see, gas prices swing pretty wildly over the long haul. And hopefully, these outrageous gas prices are only temporary. So while we wait … and hope gas prices drop sometime soon, here are a few articles that could help you reduce the pain at the pump: - [The Best Gas Credit Cards of April 2022]( - [9 Everyday Products That’ll Cost You More Because of Rising Gas Prices]( - [What’s Your State Doing to Help You at the Gas Pump?]( MARKET MOVES While the broader stock market has been sputtering a bit recently, one sector has been rallying — energy stocks. And it could have more room to run, even with unusually high prices. Investing in the Energy Select Sector SPDR Fund (XLE) could help you tap into the whole sector. But energy stocks are also vulnerable to risks, like a potential economic slowdown reducing demand. OTHER WORTHWHILE READS - Expect a recession? Try [these five things]( to prepare. - See how retirees can [have fun and save money]( at the same time. REPLY BACK TRIVIA Reply back with your guess. We'll let you know if you're correct! How many U.S. households paid zero federal income tax in 2021? A. 27% B. 57% IN CASE YOU MISSED IT … Some of last week's most popular reads: - [Take a scenic tour](across the U.S. in an Amtrak. - Make up to $300 or more per month [with vending machines](. - The [10 expensive beers]( worth spending extra money on. Give us your two cents! How likely are you to recommend Worthy to one of your pals? [😞]( [😃]( [😍]( [Facebook]( [Youtube]( [Instagram]( [Twitter]([Flipboard]( [Financebuzz] [Financebuzz]( [Unsubscribe]( [.]( © 2022 FinanceBuzz Was this email forwarded to you? [Sign up now]( to get the Worthy newsletter in your inbox and grow your wealth. 111 E. Atlantic Ave., Suite 200, Delray Beach, FL 33444 FinanceBuzz is an informational website that provides tips, advice, and recommendations to help you make financial decisions. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. Ultimately, you are responsible for your financial decisions. FinanceBuzz is not a financial institution and does not provide credit cards or any other financial products. FinanceBuzz.com does not make any credit decisions. FinanceBuzz is reader-supported. We may receive compensation from the products and services mentioned in this email.