May 30 2008
Surprise NJ PSEG wants a 20 percent raise
Tom Johnson of The Star-Ledger reported today “Cost of heating a home could skyrocket“. Call me crazy but hasn’t it already gone through the roof? According to the report:
The cost of heating a home in New Jersey with natural gas could rise by 20 percent if state regulators approve a pending rate increase. Public Service Electric & Gas filed for the increase, which would boost the monthly bill for the average customer by $28.60, to $174.06. The company, based in Newark, is the state’s biggest utility and has 1.7 million gas customers.
This degree of inflation is not sustainable:
1. The exponential rising costs of purchasing a home
2. Significant rising cost of fuels
3. Double digit percentages cost increases of food
4. Uncertain/shrinking job market
While I am no economist the trend is clear and we have some serious issues to deal with as a nation.
Stever Robbins’s of Business Explained by Stever wrote an excellent related post about spotting trends.
What steps are you taking to protect your financial future and the health of your business?
