Wondering why your family budget buys less? It's probably due to the 39% increase in the price of gasoline this past year. And with the price of oil racing to $100 per barrel, it's only getting worse.
According to new results from the Department of Energy, gasoline prices for this week average $3.099 a gallon. This is up 86 cents, nearly 39% from last year.
Hold on to your wallets, these increases are going to hurt us as the increased transportation costs get passed along to all sectors of the world economy.
READ MORE
- Big Oil's War on Ethanol
- Gasoline Prices Rise, and So Does Everything Else
- Why Don't They Care About $3.00 Gasoline Anymore?
Food and Fuel America.com
http://www.foodandfuelamerica.com
Good and Balanced Food and Fuel News!
0 comments:
Post a Comment