Gas is down below $3 per gallon for the first time in years, and it’s so good. One energy analyst says he thinks that crude oil could dip in price as low as $65 per barrel(right now it’s about $81 per barrel).

But a well-regarded trader has also predicted that the price of crude oil will also be $150 within the next 5 years. Given his track record on the subject, it would be wise to listen.

Gas isn’t one of those things we can stockpile when it’s cheap and stock away for the hard times; most of us have to buy it whether it’s cheap or expensive and adjust other parts of our budget accordingly. That said, if you’re saving a bit of money each month because of lower prices right now, what are you doing with that savings?

“The prudent sees danger and hides himself, but the simple go on and suffer for it” (Proverbs 22:3, ESV).

Try putting that money away, or use it to pay down debts you might have acquired (*cough* student loans *cough*) faster. Then maybe if crude does rise to the levels predicted down the road, you’ll have a bit more room in the budget from having paid off some other debts.