Clark Howard's Tips

Gas prices pinching people worldwide

Oct 3, 2005

Rising fuel prices are creating anger all over the world. In Indonesia and Europe, for example, citizens have been revolting and rioting.

In Paris, a gallon of gas is just under $7. Canadians are paying as much as $4.10 a gallon.

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So, it's not just people in America who are feeling the pinch. It's a rough time for everyone.

So, is there a silver lining?

Well, the mark-up on a barrel of oil is huge right now. That means it is bound to go back down.

Yes, we are in an up cycle right now and it will continue that way for awhile longer. But Clark believes that — barring some catastrophic event — gas prices will eventually move down.

It's part of human nature to feel helpless and angry when something like this happens. And it seems as though nothing will change.

But Clark is predicting significantly lower gas prices by February 2006. If he's wrong, he'll take his licks.

But this won't be permanent bad news.

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