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In this episode of the Planned Solutions Incorporated Podcast, increasing oil prices have been a major contributor to the high inflation rates in the US. The increase in oil prices is due to a variety of factors, but the most important may be the oil investment cycle. This is the pattern of increased and decreased investment in new oil supply in response to high or low prices. The lag between when the investment is made and when oil makes it to market often results in large swings in prices as oil and gas companies have attempted, and failed, to accurately forecast market demand.\nAlso, the mortgage markets appear to be normalizing as the low mortgage rates from the pandemic are now giving way to rates that are more in line with the long-term average. In addition, loan offers are changing their loan standards so that the lending standards are no longer loose, but rather have reverted to a more neutral stance, even as demand for mortgage loans has moderated.\nAnd, The IRS has increased the amount that businesses may deduct for business miles driven during the second half of the year to reflect the increase in gas prices. Therefore, companies may be able to deduct a more significant amount of business miles after June 30 th. This makes it very important that business owners keep accurate records of the business miles driven, and when those miles were driven, as a different tax rate will apply this year depending on the date of travel.\nPlus a look at the Planned Solutions Incorporated Office Bulletin Board- Our office is undergoing a transformation. However, as we work our way through the process our office will be in various states of disrepair until the project is done. We ask for your understanding over the next month as we try to balance our office renovations with our normal business operations.\nWe often find that during the summer months the number of client meetings scheduled starts to lull as our clients focus on summer vacations and other activities to enjoy the nice weather. However, given the higher-than-average market volatility that we have experienced this year, we want our clients to know that we are available to meet to discuss our outlook for the economy and the financial markets. So, if you are concerned about the economy, financial markets, or your account performance please do not hesitate to give us a phone call or send us an e-mail.\nPlease mark your calendars if you will be able to attend.\nDate: Friday, September 9th, 2022\nLocation: Rancho Murieta Country Club \u2013 South Course\n7000 Alameda Drive\n ancho Murieta, CA 95683\nTime: 12:30 pm shotgun start with a dinner to follow\nAll profits go to cancer research and education. You can help by attending the tournament or\ndonating. Not golfing? Bring friends and attend the dinner.\n\nChase Armer's book- Financial Planning Insights is now available at:\nwww.amazon.com/Financial-Planning\u20261586894022&sr=8-1\n\nTo subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com\n\nThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.\n\nPlanned Solutions, Inc.