AARP Home » AARP Blog » AARP »Money & Savings »News To Know: The Cold Shoulder

News To Know: The Cold Shoulder

Posted on 09/29/2008 by |Archived Contributor | Comments

Money & Savings Print Print

Lost in all the talk of our current economic crisis is the huge hike in the price of energy that we are facing. Major increases in prices for things like heating oil have a dramatic impact on people’s budgets, particularly older Americans that are living on fixed incomes. With everyone’s attention focused on the real estate and investment banking collapse, many older Americans feel that the government isn’t doing enough to address energy costs. Winter is around the corner and with fuel oil prices so high, there is a serious danger that people won’t be able to afford to heat there homes during freezing weather. One town’s solution has been to pool its resources and invite several oil companies to sell large quantities of oil to the town at a discounted rate. The plan could save the town’s citizens between $100 and $200 dollars over the winter.

0 comments