|Oil crossed $132 a barrel today. $4 gas is coming to a station near you. Can you afford to leave home anymore?
Airlines are feeling the pinch. Financially strapped airlines are cutting service, and nearly 30 cities across the United States have seen their scheduled service disappear in the last year, according to the Bureau of Transportation Statistics. Some of the cities without air service are: Hagerstown, Md; New Haven, Conn.; Wilmington, Del.; Lake Havasu City, Ariz.; and Boulder City, Nev.
Over the next year, air travel costs are expected to increase dramatically as jet fuel hedges expire. Most people are feeling the pinch as they fill up their cars each week. Rising fuel costs are spilling over into every area of the economy - from food prices to clothing.
What can you do to cut your fuel bill? Try to build an infrastructure where people can work from anywhere. Many information and office workers can perform most of their work with an internet connected laptop and a cell phone. Reduce travel time by letting people connect from home. Use software to hold on line meetings to reduce air travel. Future success will require a work from anywhere at any time mentality. Stay competitive - cut your fuel consumption.
Labels: business travel, spending, travel savings