Energy Rates on a rise.

The Energy Department's Energy Information Administration predicted on Tuesday that consumers will be paying a national average of $2.70 a gallon by July, before prices level off. In California the price is already $3 per gallon. In this recession hit economy the worst fear is the rising cost - when you got to pay more than what you have been doing. Energy costs almost 6% of American consumer spending and that is what shall keep the people off road.

The rising fuel prices, gas and other sources of energy give a tough time to all directly related companies like Shipping and Trucking companies. However, no one is spared. Due to unemployment and high energy cost, many people would rather stay inside than go out and spend on fuel.

So, what is your strategy this summer to save yourself from spending this extra? Would you save less or would you spend less? I mean whatever it is, the rising energy cost makes one believe that there is no turnaround from such economic conditions soon. It is still gonna be an era before we take a sigh of relief.

A possible way out is to lock your energy price for a year or two. TXU energy lets you do that. There are other utilities that offer you to pay bills in equal installments over the course of the year instead of dealing with huge swings in air conditioning and heating bills. Will you take this gamble?