Gas Prices Going Up!

No one ever wants to see this happen again, gas prices on the raise. But it’s true, it’s happening again. The price of gas at the pumps has gone up 25 percent just over the last few weeks. And almost 40 percent since they bottom out in mid Dec. 08. And I’m sure a lot of you are scratching your heads to why. So I will do my best to explain why I think so. The main reason is OPEC, because of their huge cut production. OPEC wants to see the price per barrel of oil back to $90 to $100 again, which is about 100 percent where it is today. And the other reason is because of what’s going on in the conflict between Israel and Hamas. The concern is that this war is going to interrupt delivery of crude oil. So as long as this war goes on you can plan to pay about 15 to 20 percent higher at the pump. This part of the hike to because of how people are feeling, their getting scared about supplies. If they would get their feeling in order about the supplies we could see a drop again. Or how about this, lets get them to stop fighting and come up with a truce for now. As for OPEC, there’s nothing we can really do about them, their going to whatever they can do to get the price of oil back up. The best thing you can do is cut back on gas is those unnecessary trips. Instead of going to the store 3 times a week go only once, you’ll save, I do.