Eligo CIO Mark Friedgan has “3 surprising ways to make the most of low gas prices this year”

Gas hasn’t been this cheap in years — it’s currently averaging about $1.80 per gallon — and these ultra-low prices could mean you save money on far more than just your bill at the pump. Here are three surprising ways low gas prices may save you money this year.

Food

As of 2013, a little over five cents of every $1 you spent on food went to the cost of energy, according to the U.S. Department of Agriculture. So as energy costs dip, so too may the cost of some of your food, explains Mark Friedgan, the co-founder oftechnology-based energy retailer Eligo Energy. This is due, in part, to the fact that operating farm equipment that runs on gas may now be cheaper, as might transporting food from one area to another.

 

Continue reading at http://www.marketwatch.com/story/3-surprising-ways-low-gas-prices-can-make-you-richer-this-year-2016-01-29

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