February 10th, 2009 @ MReed // One Comment
After a period of decline, it seems as though oil is on the rise again, which is pushing both gasoline and diesel prices higher. While the price at the pump didn’t come down as much for diesel as it did for gasoline, both of them will be rising in the very near future, and some of that is being blamed on issues surrounding the proposed stimulus package that the current Administration has laid out.
The plan is in the Senate, and whether it will clear is what is affecting the price of oil the most, although there are other factors. The price of a barrel of oil has now gone up past $41, and that hasn’t been seen in a while, since oil had the dramatic fall not that long ago.
With the economy fluctuating and struggling, it’s no surprise that oil is nowhere near the record levels of last summer, but it does appear that the stimulus package in some form will soon pass and that the price of oil will continue to rise because of it.
Tags: oil, trucking news
Nintendo Wii
2 years ago
Yeah, I kind of expected this. I just hope it doesn’t get anywhere near last summer. Let’s try and stay around $2 a gallon this summer. Our economy needs it.