Gas Prices
Many years ago when gas prices hit $4.00 a gallon, so many companies left the Mortgage Field Services Industry.
After 2 years of sending in monthly applications to MCS, they finally contacted me because so many of their vendors were quitting. We gladly accepted their offer and have been with them ever since.
The high gas prices gave us an opportunity to start working for what is now, our largest client.
At the time of this article, the national average gas price is $3.39. Inspectors are quitting over the gas prices going up from what it was during the winter months. Gas prices are a supply and demand commodity. As Spring and Summer approaches, people buy more gas, and with the increased demand, the prices go up. Simple economics.
Some of our inspectors do 1 or 2 inspections a day, others can do up to 100 a day. The average number of inspections for NMFS is about 20 a day.
Let’s do some simple math here. The average miles per gallon in 2021 is 25 mpg. If you take the average inspector route of 75 miles per day for 20 inspections, at 25 mpg at a cost of $3.39 per gallon, it will cost about $.50 cents per inspection.
Basically, we see a rise in the cost to do business for an extra $.12 cents per inspection. Is that worth quitting over?
That is a question that each of us has to answer. My 2019 Ford F-150 gets about 21.3 mpg. If you are driving a vehicle that only gets 12 to 18 mpg, then it may be time to reconsider. Anything over 20 mpg is worth toughing it out. The price of gas goes up and down all the time.
I save .15 cents per gallon by being a member of BPme Rewards.
A Krogers card will save you .10 cents per gallon.
There are plenty of other rewards programs out there to save on gas. But to quit over .08 cents? Seems kinda silly.