Washington DC (PRWEB) May 08, 2011
As Memorial Day weekend and the summer driving season get closer, many drivers across the US are paying close attention to shifts in gas prices.
One California driver says she's considering cutting back on driving even if it means canceling summer outings.
"It's just gotten to be too much of a strain," says Sarah. "I'm not sure I want to spend close to a hundred dollars just to fill up; it's not worth it at this point."
But on Friday oil prices steadied after a ten percent drop that same day in trading.
Although the recent and sudden dip in oil prices could mean that more drivers will hit the road this Memorial Day weekend, many energy analysts and economists say that fuel prices will remain very high, according to the Associated Press.
Reactions from fuel economists as well as leaders in the non-profit sector continue to weigh in on what we might expect at the gas pumps come this summer.
Gas prices, which are already up around 25% from last year, could escalate to about 40% up from last summer, states the US Energy Information Administration.
Organizations in the non profit sector are busy looking for ways to help Americans who want to improve their economic portfolios in a climate of record-high fuel costs.
Charitable non-profits like Works of Life International Ministries and With Causes, for example, have launched programs in which donors can give used assets such as cars, boats, yachts, and even aircrafts to liquidate non-producing property while at the same time providing assistance to a range of worthy charitable causes.
Vincent Everett (CEO Works of Life International Ministries) says that donating assets to a federally recognized non-profit is a lesser-known way of balancing negative financial returns on property that is becoming increasingly pricey due to higher oil prices as well as rising taxes.
"Many economists are saying that gas prices, although they are taking a dip now, might actually rise a lot more come summer driving season," says Everett, "but donors can offset the bruises at the gas pump and improve their cash flow by making a charitable contribution to a trusted organization."
The IRS allows certain federally registered charitable non-profits, like Works of Life, to accept donations from people who then automatically become eligible to receive a tax break.
"Tax payers can choose to make an online car donation, donate a boat or yacht, donate real estate, or even donate aircraft to provide charitable relief to many worthy causes while simultaneously getting rid of burdensome assets," adds Everett.
Works of Life has been in operation for over a decade, offering donors valuable alternatives in times of national economic crisis.
With the national average for gas prices at $3.98 (28 cents higher than last month and $1.06 more than a year ago), drivers across the US can expect to continue to see high prices, according to a NY Times release.
"Even if gas prices fall moderately, we're still going to be paying the outrageous costs we saw earlier this year," says Everett. He continues, "There are ways to compensate for the volatile market. You can donate to help victims of natural disaster, educators in low income communities, the elderly, and victims of abuse while counterbalancing the effects of impractically high gas prices."
Online Car Donation
1081 S. Cimmaron
Las Vegas, Nevada 89145
About onlinecardonation/Works of Life Intl. Ministries Inc.:
Operating since 2002 Onlinecardonation is a non-profit, non-denominational faith-based charitable organization that provides charitable works for other like-minded organizations in the form of endowments, grants and much, much more.
Their clients range from social service agencies to private non-profits, hospitals and more importantly individuals with special needs including victims of crime, military families, those with physical challenges and victims of abuse.
Onlinecardonation has enjoyed a successful relationship with many like-minded charitable Organizations, developing residential based programs for those interested in Ministering to others but limited physically in doing so.
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