sponsor




Homepage > Money
Related To Story
Net Worth

'netWORTH: Figuring out High Gas Prices

POSTED: 3:00 pm EDT May 29, 2008
UPDATED: 4:29 pm EDT June 2, 2008

I had a very interesting conversation about the impact of gas prices with a nationally-known expert. Craig Columbus is President and Chief Market Strategist for Advanced Equities Asset Management.

To watch my interview click on the video to the right of this story.

Columbus gives his opinion on what consumers can expect at the pump, what Congress can do to make things better, and when we'll see some relief. You may recognize him since he was a regular on CNBC's Power Lunch.

He explains why we're paying so much for gas by talking about supply and demand economics and also how the weaker U.S. dollar impacts how much we're shelling out for gas.

Columbus looks at the speculation on Wall Street in terms of the market wanting to know how high gas prices will affect the bottom lines of companies and individuals. He did note that we are driving four percent fewer miles than at this time last year. And Columbus said gas prices are proving the impact people around the globe are having on each other.

There are things he says Congress can do to help the situation. He looks to strengthening the dollar, incentives for alternative energy, and more exploration.

Thanks for joining us for this edition of 'netWORTH.

Links We Like
Sponsored Content
Learn about the most common cancers that could affect you and what you can do to prevent them. More

There are several mistakes many people make when getting a mortgage plan. Be sure you stay ahead of the game and avoid the pitfalls that come with a mortgage. More

With gas prices though the roof, you need to make every drop count. Find out how here. More

A good credit score can save a lot of money the next time you want to make a big purchase. Find out where you stand with a free credit report. More

Don’t be left out. Make the switch to Digital TV.

Credit Center

A Good Credit Score is Between 700-750. See yours INSTANTLY ONLINE $0 INSTANTLY ONLINE $0

Best Local Rates On...



LocalNational

30 Yr Fixed Mortgage6.29%6.07%

48 Mo New Car Loan7.02%6.84%

$30k Home Eq Loan7.51%8.15%

6 Month CD2.85%2.95%
Help! I don't understand!
All Rates


Sponsored Links

Stock Quotes

GET A QUOTE
Enter Symbol

Low Interest Credit Cards

Low Interest Rate Credit Cards
And not just because plastic outweighs paper. Low interest credit cards offer lower APRs, which means more of your money stays in your wallet. More Details!

Housing Crunch

With banks and lenders facing major troubles, gain some insight on how to sell, refinance or keep your home. You'll find everything mortgage in our special section. More


E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters