Are You Ready for $5.00 a Gallon for Gas?
Let's just blur the picture because the price will change the next time you look! What is your risk tolerance? War in the Middle East is possible and could cause a big spike in pump prices. Are you willing to accept the pain in exchange for removing some angry Ayatollah?
Keep in mind there is the annual Memorial Day increase on the horizon and increases for Independence Day and Labor Day. A prolonged war (even if we're not involved) could cause a skyrocketing effect on fuel costs.
How long can you endure $4.00 a gallon or even $5.00 or more? The First Gulf War caused a sudden and brief spike nearly 30 years ago. Buckle your chin straps. This could be a bumpy ride.