Tuesday, March 4, 2008

Oil Prices

By Garrett

Oil spiked to over 102 dollars Monday, March 3 effecting everyone in the country. The government says that builders are building less, manufacturers are cutting back, not to mention the millions of private residents being affected at the pump. High energy costs have made companies raise their prices on private residents, then those companies and people cut back hurting the economy. According to the AAA the average price for a gallon of gasoline stands at $3.165 Monday. Some analysts say that the price per gallon for gasoline will go over $4 during the summer driving season.

No comments: