Recession and joblessness will curb demand for fuel
As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.
Each spring brings a familiar ritual in gasoline markets — rising prices — and this year won't be an exception. But motorists aren't likely to pay much more than $3 a gallon, on average, during the peak summer driving season.
Lingering effects of the recession, such as high unemployment, reduced shipping and limited business travel, are keeping a lid on energy demand in the U.S. And global oil supplies are on the rise. For now, these trends are providing energy markets with enough of a cushion to prevent geopolitical tensions from causing severe price volatility.
GO HERE to read more.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
But what about the Tax Increase pending for Maryland Drivers? They are trying to SCREW us again!
when fuel prices go up, just about evrything else will go up along with it. what the peps in congress can't remember is that if it is in the local super market, shopping mall , ect. ect.ect. it either comes in by train,truck or airplane and they all burn fuel.
for those companies to make a profit, thye must pass on the fuel cost to the customers.
Post a Comment