Most Americans are mad about the ever-rising gas price (latest prediction: $6 to $7 per gallon in 6 to 24 months), but not Chris Pummer of MarketWatch. He said that when gas hits $8 per gallon, we should celebrate instead and gave us 8 reasons why.
7. Restoration of financial discipline
Far too many Americans live beyond their means and nowhere is that more apparent than with our car payments. Enabled by eager lenders, many middle-income families carry two monthly payments of $400 or more on $20,000-plus vehicles that consume upwards of $15,000 of their annual take-home pay factoring in insurance, maintenance and gas.
The sting of forking over $100 per fill-up would force all of us to look hard at how much of our precious income we blow on a transport
vehicle that sits idle most of the time, and spur demand for the less-costly and more fuel-efficient small sedans and hatchbacks that Europeans have been driving for decades.
See if you agree: LinkPreviously on Neatorama: Is $120 Oil Actually Good for Us?