As consumers tighten spending habits and cut down on expensive travel it’s likely that many will turn to their cars this summer when pondering a vacation. The Bloomberg chart of the day got me thinking: is there chance that people will actually drive more than usual this summer because they are avoiding other expensive forms of transportation? Could the price spike in oil and gas be just beginning? What do you think? Will you drive more this summer?
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.