Gas prices have been higher than ever these days, and everyone is talking about it. I was talking with a colleague who actually is hoping gas goes up to $10 a gallon!
He explained that there are numerous benefits to high gas prices: less traffic, better air quality, better for the environment, increased support for public transportation and increased research into cleaner fuel alternatives.
And he's not worried about paying 10 bucks a gallon to fill his gas tank.
So I pressed him a bit, and learned that he uses some of his portfolio to invest in stocks that do well when gas prices go higher. He earns a greater return when gas prices go up, effectively offsetting his cost for gasoline.
I took that concept and created (drum roll please) the
DriveFreeForLife Free Gas Calculator.
You simply enter in a fill in three fields on a simple form, and the calculator will tally your total annual fuel costs and tell you how little it would take to offset those costs.
I've been working on this for a few weeks, and officially rolled it out today. Please take a look, give it a digg, try out the calculator and leave a comment (good or bad -- I want it all!). I want to know if you think it could work.