Pay Attention To Gas Prices
COLORADO SPRINGS, Colo.-One potential risk in 2011 has Ent FCU here paying particular attention to the price at the pump. The price of crude oil has been creeping up, and gasoline is projected by some to hit $3.50 per gallon in 2011. VP Bill Vogeney said Ent's experience is when gas prices increase by a quarter the CU sees repossessions increase because Colorado is a big truck and SUV state.
"Those vehicles become very expensive to run when prices go up. We are concerned about losses if gas goes up."