It is no secret that the price of fuel is going through the roof
Gasoline prices are about 6 cents higher than last week, and 51 cents higher than a year ago! . Diesel prices are going up even faster We are looking at an increase of TEN CENTS IN ONE WEEK and $1.18 increase in the last year when we look at Diesel prices .
Truckers were going to stage a slowdown a week or so ago to protest the way increased fuel costs are cutting into profits. All that occurred was sporadic instances of slow driving truckers upsetting other road warriors . Slowing down traffic on major arteries and freeways is not going to win sympathy and it is not going to change market dynamics either. Ultimately the truckers delivered their loads so as to keep their jobs. That is basic economics that one leans even before they get to Economics 101
Americans Using Less Gas
In a sign of economic stress, gasoline usage is declining for the first time in decades. Does it seem like there are fewer cars on the highway this year? The recent trend in motor gasoline consumption would appear to indicate so . Gasoline demand has been gradually declining for the last half a year or so. So the logical question becomes : If U.S. consumption is down why are prices rising? Here are the answers.
?The decline in value of the US dollar
?The global demand is bigger than ever and increasing rapidly
?The Peak Oil scare
?Speculation
These factors will be focused on more heavily in upcoming articles . But as always I need to stress the most important fact of all? that you do not have to be the effect of any of this!
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