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Spiraling fuel costs beyond local control
Spiraling fuel costs beyond local control
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The prices of gas and diesel are shooting into uncharted territory in the United States. The high prices are taking a bite out of everyone’s budget and having a ripple effect through the entire economy. It’s easy to get angry, or at least frustrated, over the fact that the cost for fuel is impacting everything we do.
The weakening dollar and escalating demand for oil in other countries has more to do with the cost of oil surpassing $100 a barrel than anything else. While the demand for oil and its byproducts has stayed relatively flat in the U.S. the past couple of years, developing countries are demanding more of this precious and finite resource. And the weakening dollar has investors looking for other opportunities, among them oil. |






