Prices of gas (gasoline, diesel and other variations with high-octane ratings) are skyrocketing. The constant increase of gas prices is, to say the least, frustrating. When you pass by the gas station in the morning, you'll often discover that prices were raised while you were sleeping. Pinoy Entrepreneurs, and all consumers for that matter, are contantly faced with balancing an almost stagnant income with a constant ly-increasing fuel costs.

 

The gas prices increases do doubt directly and indirectly affects the Pinoy Entrepreneurs and all consumers. There are a number of tips and suggestions to save on gas, including: Change the way in which you drive (avoid high speeds, avoid accelerating or braking hard, keep tires properly inflated, use the aircon sparingly, keep windows closed, service vehicle regularly and avoid long idles; read more about the GasBuddy.com Top Ten Fuel Saving Tips), learn where to find the cheap gas, find other ways to get to work, purchase a more fuel efficient vehicle (read more about Fuel And Money Saving Tips).

 

Looking for cheap gas. GasBuddy.com itself provides a creative way of looking for gas stations with the lowest prices. Problem is, GasBuddy.com is based in the US. There's no equivalent entity here which undertakes such free service and I'm thinking if such concept is even feasible here in the Philippines (please let us know of your opinion through the comment section below). Maybe this is a better way of rewarding the stations which offer the lower price, in the same spirit as the old email which suggests which station to patronize in order to reward its decision to keep prices low.

 

Investing in gas companies. Some sectors are recommending that consumers invest in gas companies. In this way, "consumers can balance higher expenses at the pump with higher returns on their investments." Unfortunately, I'm not sure if the gas companies (Petron, Caltex, Shell and the smaller players, including Flying-V) in the Philippines are public-listed, which should allow investors to easily buy into the companies' stocks.

 

Buy now, use later. A company has offered to sell gas at its current prices, then allow you to use it later, regardless of the price on that date that you'll use the priorly purchased gas. As reported in Yahoo!, this is currently  being offered by MyGallons.com.  Sounds too good to be true, and its performance is still to be seen. Hopefully it will succeed, as it will definitely benefit the consumers.

 

Pinoy Entrepreneurs know that problems are simply challenges, and opportunities are present whenever there are challenges. Let's see if there are Pinoy Entrepreneurs who would rise to the challenge.